Sigma Planning Corp boosted its stake in shares of Deere & Company (NYSE:DE) by 27.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,187 shares of the industrial products company’s stock after acquiring an additional 1,347 shares during the quarter. Sigma Planning Corp’s holdings in Deere & Company were worth $968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of DE. LeJeune Puetz Investment Counsel LLC purchased a new stake in Deere & Company during the 4th quarter valued at about $101,000. Cerebellum GP LLC purchased a new stake in Deere & Company during the 4th quarter valued at about $132,000. TCI Wealth Advisors Inc. boosted its holdings in Deere & Company by 107.3% during the 4th quarter. TCI Wealth Advisors Inc. now owns 885 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 458 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in Deere & Company during the 3rd quarter valued at about $144,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in Deere & Company during the 3rd quarter valued at about $158,000. Institutional investors own 66.84% of the company’s stock.

In other news, VP Mary K.W. Jones sold 34,136 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $124.72, for a total value of $4,257,441.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cory J. Reed sold 6,416 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $151.54, for a total value of $972,280.64. Following the completion of the transaction, the insider now directly owns 11,383 shares of the company’s stock, valued at approximately $1,724,979.82. The disclosure for this sale can be found here. Insiders sold a total of 187,603 shares of company stock valued at $28,058,143 in the last three months. Corporate insiders own 0.74% of the company’s stock.

Several brokerages recently weighed in on DE. Zacks Investment Research upgraded Deere & Company from a “hold” rating to a “buy” rating and set a $178.00 target price for the company in a report on Tuesday. Vetr cut Deere & Company from a “strong-buy” rating to a “buy” rating and set a $168.58 target price for the company. in a report on Tuesday. Wells Fargo & Co restated an “outperform” rating and set a $200.00 target price (up from $170.00) on shares of Deere & Company in a report on Wednesday, January 10th. ValuEngine upgraded Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada upgraded Deere & Company from a “sector perform” rating to an “outperform” rating and dropped their target price for the company from $190.00 to $155.00 in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. Deere & Company presently has a consensus rating of “Buy” and a consensus price target of $156.23.

Shares of Deere & Company (NYSE DE) opened at $162.00 on Wednesday. Deere & Company has a fifty-two week low of $106.72 and a fifty-two week high of $171.96. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95. The firm has a market capitalization of $51,465.76, a P/E ratio of 24.29, a price-to-earnings-growth ratio of 2.38 and a beta of 0.75.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.10. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The business had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.91 billion. During the same quarter last year, the business posted $0.90 EPS. The business’s revenue was up 25.6% on a year-over-year basis. sell-side analysts forecast that Deere & Company will post 8.15 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Friday, December 29th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Thursday, December 28th. Deere & Company’s dividend payout ratio is currently 36.14%.

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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.

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

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