SRS Capital Advisors Inc. Buys 282 Shares of Deere & Company (NYSE:DE)

SRS Capital Advisors Inc. lifted its stake in Deere & Company (NYSE:DE) by 174.1% during the fourth quarter, HoldingsChannel reports. The firm owned 444 shares of the industrial products company’s stock after purchasing an additional 282 shares during the period. SRS Capital Advisors Inc.’s holdings in Deere & Company were worth $188,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DE. Harbor Capital Advisors Inc. grew its holdings in shares of Deere & Company by 1.7% in the third quarter. Harbor Capital Advisors Inc. now owns 6,455 shares of the industrial products company’s stock worth $2,694,000 after purchasing an additional 105 shares during the last quarter. Intact Investment Management Inc. lifted its stake in Deere & Company by 138.2% in the third quarter. Intact Investment Management Inc. now owns 3,120 shares of the industrial products company’s stock worth $1,302,000 after acquiring an additional 1,810 shares during the period. QRG Capital Management Inc. lifted its stake in Deere & Company by 1.8% in the third quarter. QRG Capital Management Inc. now owns 29,970 shares of the industrial products company’s stock worth $12,507,000 after acquiring an additional 538 shares during the period. Catalyst Capital Advisors LLC lifted its stake in Deere & Company by 665.0% in the third quarter. Catalyst Capital Advisors LLC now owns 306 shares of the industrial products company’s stock worth $128,000 after acquiring an additional 266 shares during the period. Finally, FSM Wealth Advisors LLC lifted its stake in Deere & Company by 2.4% in the third quarter. FSM Wealth Advisors LLC now owns 1,554 shares of the industrial products company’s stock worth $648,000 after acquiring an additional 36 shares during the period. 68.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 74,878 shares in the company, valued at approximately $37,484,675.58. This represents a 24.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is owned by corporate insiders.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $458.43 on Wednesday. The firm has a market capitalization of $124.85 billion, a P/E ratio of 20.32, a PEG ratio of 2.14 and a beta of 0.98. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The company has a 50 day moving average price of $458.13 and a 200 day moving average price of $427.89. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05.

Deere & Company (NYSE:DE) last announced 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 net margin of 12.94% and a return on equity of 27.31%. Sell-side analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

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 given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company’s payout ratio is currently 28.72%.

Analyst Upgrades and Downgrades

DE has been the subject of a number of research reports. Evercore ISI upped their price objective on shares of Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Citigroup upped their price objective on shares of Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their price objective on shares of Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Baird R W lowered shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Barclays upped their price objective on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Deere & Company has a consensus rating of “Hold” and a consensus 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.