Crossmark Global Holdings Inc. Purchases 1,009 Shares of Deere & Company (DE)

Crossmark Global Holdings Inc. increased its position in shares of Deere & Company (NYSE:DE) by 2.6% in the 4th quarter, HoldingsChannel reports. The fund owned 40,339 shares of the industrial products company’s stock after buying an additional 1,009 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Deere & Company were worth $6,313,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DE. Capital International Investors raised its holdings in shares of Deere & Company by 35.4% during the third quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock worth $1,106,131,000 after acquiring an additional 2,300,531 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Deere & Company by 128.2% during the third quarter. Janus Henderson Group PLC now owns 2,587,339 shares of the industrial products company’s stock valued at $324,942,000 after buying an additional 1,453,754 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Deere & Company by 21.2% during the third quarter. Bank of New York Mellon Corp now owns 3,621,764 shares of the industrial products company’s stock valued at $454,857,000 after buying an additional 634,001 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Deere & Company by 205.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 575,895 shares of the industrial products company’s stock valued at $71,175,000 after buying an additional 387,479 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Deere & Company by 123.5% during the fourth quarter. SG Americas Securities LLC now owns 67,909 shares of the industrial products company’s stock valued at $10,628,000 after buying an additional 357,198 shares in the last quarter. Institutional investors and hedge funds own 67.28% of the company’s stock.

In related news, insider James M. Field sold 48,427 shares of Deere & Company stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $147.98, for a total transaction of $7,166,227.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Cory J. Reed sold 6,416 shares of Deere & Company stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $151.54, for a total value of $972,280.64. Following the sale, the insider now directly owns 11,383 shares in the company, valued at $1,724,979.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 187,603 shares of company stock worth $28,058,143. 0.74% of the stock is currently owned by company insiders.

Several research firms have weighed in on DE. ValuEngine upgraded Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Vetr upgraded Deere & Company from a “buy” rating to a “strong-buy” rating and set a $177.25 target price on the stock in a report on Monday. Wells Fargo & Co restated an “outperform” rating and set a $200.00 target price (up from $170.00) on shares of Deere & Company in a report on Wednesday, January 10th. Royal Bank of Canada upgraded Deere & Company from a “sector perform” rating to an “outperform” rating and cut their target price for the company from $190.00 to $155.00 in a report on Wednesday, January 10th. Finally, Barclays upgraded Deere & Company from a “sector perform” rating to an “outperform” rating and set a $171.00 target price on the stock in a report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $155.21.

Shares of Deere & Company (NYSE:DE) opened at $161.88 on Wednesday. The stock has a market capitalization of $50,757.83, a PE ratio of 23.65, a PEG ratio of 2.35 and a beta of 0.75. Deere & Company has a 1 year low of $106.72 and a 1 year high of $171.96. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.10. The company had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.91 billion. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The firm’s revenue was up 25.6% compared to the same quarter last year. During the same period last year, the business posted $0.90 earnings per share. sell-side analysts predict that Deere & Company will post 8.15 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Friday, December 29th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Thursday, December 28th. Deere & Company’s dividend payout ratio is currently 36.14%.

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Deere & Company Profile

Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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