Richwood Investment Advisors LLC Has $689,000 Position in Deere & Company (NYSE:DE)

Richwood Investment Advisors LLC boosted its holdings in Deere & Company (NYSE:DE) by 2.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,627 shares of the industrial products company’s stock after acquiring an additional 33 shares during the quarter. Richwood Investment Advisors LLC’s holdings in Deere & Company were worth $689,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DE. King Luther Capital Management Corp lifted its holdings in Deere & Company by 11.9% in the third quarter. King Luther Capital Management Corp now owns 3,032 shares of the industrial products company’s stock valued at $1,265,000 after buying an additional 322 shares during the period. Pacer Advisors Inc. raised its holdings in Deere & Company by 2.3% in the third quarter. Pacer Advisors Inc. now owns 18,998 shares of the industrial products company’s stock worth $7,928,000 after purchasing an additional 425 shares during the period. Icon Wealth Advisors LLC acquired a new stake in Deere & Company in the third quarter worth $1,757,000. Nwam LLC acquired a new stake in Deere & Company in the third quarter worth $903,000. Finally, Nicolet Advisory Services LLC raised its holdings in Deere & Company by 3.6% in the third quarter. Nicolet Advisory Services LLC now owns 3,089 shares of the industrial products company’s stock worth $1,263,000 after purchasing an additional 107 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Down 1.1 %

Deere & Company stock opened at $471.90 on Friday. The company has a market cap of $128.08 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. Deere & Company has a 1-year low of $340.20 and a 1-year high of $515.05. The company has a fifty day simple moving average of $473.25 and a 200 day simple moving average of $436.57. 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 (NYSE:DE) last released 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%. Research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Monday, March 31st. Deere & Company’s dividend payout ratio is currently 28.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DE shares. Baird R W lowered shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Morgan Stanley increased their target price on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Evercore ISI increased their target price on shares of Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Oppenheimer increased their target price on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, StockNews.com downgraded shares of Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $460.00.

Insider Buying and Selling at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction on Tuesday, February 18th. The shares were 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 owns 74,878 shares in the company, valued at $37,484,675.58. This trade represents a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.29% of the company’s stock.

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.