Paragon Private Wealth Management LLC Acquires 118 Shares of Deere & Company (NYSE:DE)

Paragon Private Wealth Management LLC boosted its holdings in shares of Deere & Company (NYSE:DE) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,889 shares of the industrial products company’s stock after acquiring an additional 118 shares during the period. Paragon Private Wealth Management LLC’s holdings in Deere & Company were worth $800,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Meriwether Wealth & Planning LLC bought a new position in Deere & Company during the fourth quarter worth about $455,000. Keb Asset Management LLC lifted its holdings in Deere & Company by 1.3% during the fourth quarter. Keb Asset Management LLC now owns 2,333 shares of the industrial products company’s stock worth $988,000 after acquiring an additional 31 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Deere & Company by 0.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 44,623 shares of the industrial products company’s stock worth $18,907,000 after acquiring an additional 368 shares in the last quarter. Midland Wealth Advisors LLC lifted its holdings in Deere & Company by 4.9% during the fourth quarter. Midland Wealth Advisors LLC now owns 603 shares of the industrial products company’s stock worth $256,000 after acquiring an additional 28 shares in the last quarter. Finally, MQS Management LLC bought a new position in Deere & Company during the fourth quarter worth about $225,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Trading Up 3.5 %

Shares of DE stock opened at $499.73 on Monday. The stock has a 50 day simple moving average of $461.21 and a 200 day simple moving average of $430.21. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. Deere & Company has a 1 year low of $340.20 and a 1 year high of $515.05. The stock has a market cap of $135.63 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01.

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

Deere & Company Announces Dividend

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

Insider Activity at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the 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 in the company, valued at $37,484,675.58. This represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DE has been the topic of a number of research reports. Truist Financial restated a “buy” rating and issued a $546.00 price target (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Barclays boosted their price target on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. UBS Group boosted their price target on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Citigroup boosted their price target on Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. boosted their price target on Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $457.22.

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.