Steward Partners Investment Advisory LLC acquired a new stake in Deere & Company (NYSE:DE) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,873 shares of the industrial products company’s stock, valued at approximately $235,000.

Several other hedge funds have also made changes to their positions in the company. QCI Asset Management Inc. NY grew its holdings in shares of Deere & Company by 18.8% in the 2nd quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 150 shares during the last quarter. Arrow Financial Corp grew its holdings in shares of Deere & Company by 5.2% in the 2nd quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 50 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Deere & Company in the 3rd quarter worth about $144,000. Harfst & Associates Inc. grew its holdings in shares of Deere & Company by 44.2% in the 2nd quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 360 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC grew its holdings in shares of Deere & Company by 1.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 13 shares during the last quarter. Institutional investors own 67.63% of the company’s stock.

Several equities research analysts have recently weighed in on DE shares. ValuEngine raised shares of Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Stifel Nicolaus set a $135.00 price objective on shares of Deere & Company and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Argus reissued a “buy” rating and set a $140.00 price objective on shares of Deere & Company in a report on Tuesday, August 22nd. Zacks Investment Research raised shares of Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a report on Thursday, November 2nd. Finally, BMO Capital Markets reissued a “buy” rating and set a $150.00 price objective on shares of Deere & Company in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $143.68.

Deere & Company (NYSE DE) opened at $154.48 on Wednesday. The stock has a market cap of $49,692.53, a PE ratio of 23.20, a PEG ratio of 2.37 and a beta of 0.77. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95. Deere & Company has a one year low of $102.28 and a one year high of $154.98.

Deere & Company (NYSE:DE) last issued its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. The company had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.91 billion. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 EPS. sell-side analysts expect that Deere & Company will post 7.94 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, December 29th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, December 28th. Deere & Company’s dividend payout ratio (DPR) is presently 36.14%.

In other news, insider Cory J. Reed sold 6,416 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $151.54, for a total value of $972,280.64. Following the transaction, the insider now owns 11,383 shares of the company’s stock, valued at approximately $1,724,979.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mary K.W. Jones sold 34,136 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $124.72, for a total transaction of $4,257,441.92. The disclosure for this sale can be found here. Insiders sold a total of 224,642 shares of company stock worth $31,335,834 in the last ninety days. Insiders own 0.75% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Steward Partners Investment Advisory LLC Takes $235,000 Position in Deere & Company (DE)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/12/20/steward-partners-investment-advisory-llc-takes-235000-position-in-deere-company-de.html.

Deere & Company Company Profile

Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.