Callan Family Office LLC Purchases New Position in Deere & Company (NYSE:DE)

Callan Family Office LLC purchased a new stake in shares of Deere & Company (NYSE:DE) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 2,338 shares of the industrial products company’s stock, valued at approximately $991,000.

A number of other hedge funds also recently bought and sold shares of the business. EagleClaw Capital Managment LLC increased its holdings in Deere & Company by 2.9% during the 4th quarter. EagleClaw Capital Managment LLC now owns 1,775 shares of the industrial products company’s stock valued at $752,000 after purchasing an additional 50 shares during the period. Hartford Funds Management Co LLC increased its holdings in Deere & Company by 30.4% during the 4th quarter. Hartford Funds Management Co LLC now owns 1,802 shares of the industrial products company’s stock valued at $763,000 after purchasing an additional 420 shares during the period. Welch & Forbes LLC boosted its position in Deere & Company by 7.3% during the 4th quarter. Welch & Forbes LLC now owns 5,845 shares of the industrial products company’s stock valued at $2,477,000 after acquiring an additional 400 shares in the last quarter. E Fund Management Co. Ltd. bought a new stake in Deere & Company during the 4th quarter valued at approximately $267,000. Finally, Schrum Private Wealth Management LLC bought a new stake in Deere & Company during the 4th quarter valued at approximately $223,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

DE has been the topic of several research reports. Citigroup lifted their price objective on Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Robert W. Baird reaffirmed a “neutral” rating and set a $501.00 price objective on shares of Deere & Company in a research report on Monday, March 3rd. Morgan Stanley lifted their price objective on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Evercore ISI lifted their price objective on Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Finally, Truist Financial reaffirmed a “buy” rating and set a $546.00 price objective (down from $550.00) on shares of Deere & Company in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $457.22.

Deere & Company Price Performance

Shares of NYSE DE opened at $499.73 on Friday. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. The firm has a market cap of $135.63 billion, a P/E ratio of 22.15, a PEG ratio of 2.14 and a beta of 1.01. The company has a 50 day moving average of $461.21 and a 200 day moving average of $429.83. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. As a group, research analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.62 per share. The ex-dividend date is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.30%. Deere & Company’s dividend payout ratio is presently 28.72%.

Insider Buying and Selling at Deere & Company

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

About Deere & Company

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.