Compass Capital Corp MA ADV Buys New Holdings in Deere & Company (NYSE:DE)

Compass Capital Corp MA ADV bought a new stake in Deere & Company (NYSE:DE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,857 shares of the industrial products company’s stock, valued at approximately $857,000.

Other large investors have also recently bought and sold shares of the company. Wallington Asset Management LLC boosted its position in Deere & Company by 2.1% in the 3rd quarter. Wallington Asset Management LLC now owns 26,553 shares of the industrial products company’s stock worth $11,081,000 after purchasing an additional 553 shares in the last quarter. Heartland Bank & Trust Co boosted its position in Deere & Company by 7.0% in the 3rd quarter. Heartland Bank & Trust Co now owns 1,653 shares of the industrial products company’s stock worth $690,000 after purchasing an additional 108 shares in the last quarter. International Assets Investment Management LLC boosted its position in Deere & Company by 46,892.9% in the 3rd quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company’s stock worth $322,218,000 after purchasing an additional 770,451 shares in the last quarter. Great Lakes Retirement Inc. boosted its position in Deere & Company by 6.8% in the 3rd quarter. Great Lakes Retirement Inc. now owns 5,531 shares of the industrial products company’s stock worth $2,308,000 after purchasing an additional 350 shares in the last quarter. Finally, Patrick M Sweeney & Associates Inc. boosted its position in Deere & Company by 4.8% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 2,090 shares of the industrial products company’s stock worth $872,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Insider Activity at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the completion of the sale, the insider now directly owns 74,878 shares of the company’s stock, valued at $37,484,675.58. This trade represents a 24.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DE shares. Evercore ISI upped their price objective on Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a research report on Wednesday. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a research report on Friday, December 6th. Oppenheimer upped their price objective on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. upped their target price on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Finally, UBS Group upped their target price on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Deere & Company presently has a consensus rating of “Hold” and a consensus price target of $454.65.

Deere & Company Stock Down 2.6 %

NYSE DE opened at $496.28 on Friday. The business has a fifty day moving average price of $451.08 and a 200 day moving average price of $419.90. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The company has a market cap of $135.16 billion, a P/E ratio of 22.00, a P/E/G ratio of 2.17 and a beta of 0.98.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. Research analysts anticipate that Deere & Company will post 19.3 EPS for the current fiscal year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Tuesday, December 31st were paid a $1.62 dividend. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a yield of 1.31%. The ex-dividend date was Tuesday, December 31st. Deere & Company’s dividend payout ratio is currently 28.72%.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.