AE Wealth Management LLC Purchases 1,030 Shares of Deere & Company (DE)

AE Wealth Management LLC grew its position in shares of Deere & Company (NYSE:DE) by 64.3% in the 4th quarter, HoldingsChannel reports. The firm owned 2,632 shares of the industrial products company’s stock after buying an additional 1,030 shares during the period. AE Wealth Management LLC’s holdings in Deere & Company were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of DE. OxFORD Asset Management LLP purchased a new position in shares of Deere & Company during the 2nd quarter valued at approximately $781,000. AHL Partners LLP increased its holdings in shares of Deere & Company by 80.0% during the 2nd quarter. AHL Partners LLP now owns 9,708 shares of the industrial products company’s stock valued at $1,200,000 after purchasing an additional 4,316 shares in the last quarter. Prudential PLC purchased a new position in shares of Deere & Company during the 2nd quarter valued at approximately $217,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Deere & Company by 205.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 575,895 shares of the industrial products company’s stock valued at $71,175,000 after purchasing an additional 387,479 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Deere & Company by 3.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 453,883 shares of the industrial products company’s stock valued at $56,095,000 after purchasing an additional 17,089 shares in the last quarter. 67.28% of the stock is owned by hedge funds and other institutional investors.

Shares of Deere & Company (NYSE DE) opened at $154.93 on Friday. Deere & Company has a one year low of $106.72 and a one year high of $171.96. The company has a current ratio of 2.12, a quick ratio of 1.95 and a debt-to-equity ratio of 2.71. The stock has a market cap of $50,190.00, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 2.30 and a beta of 0.75.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Friday, December 29th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, December 28th. This represents a $2.40 annualized dividend and a yield of 1.55%. Deere & Company’s dividend payout ratio (DPR) is presently 36.09%.

DE has been the topic of a number of research analyst reports. BMO Capital Markets reissued a “buy” rating and issued a $150.00 price target on shares of Deere & Company in a research note on Thursday, November 2nd. Wells Fargo & Co reissued an “outperform” rating and issued a $200.00 price target (up previously from $170.00) on shares of Deere & Company in a research note on Wednesday, January 10th. ValuEngine raised shares of Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays raised shares of Deere & Company from a “sector perform” rating to an “outperform” rating and set a $171.00 price target on the stock in a research note on Wednesday, January 10th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $162.00 price target on shares of Deere & Company in a research note on Thursday, November 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Deere & Company presently has an average rating of “Buy” and an average target price of $155.21.

In other Deere & Company news, insider James M. Field sold 48,427 shares of Deere & Company stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $147.98, for a total transaction of $7,166,227.46. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Mary K.W. Jones sold 34,136 shares of Deere & Company stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $124.72, for a total transaction of $4,257,441.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 187,603 shares of company stock worth $28,058,143. 0.74% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION WARNING: This report was originally posted by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://www.com-unik.info/2018/02/11/ae-wealth-management-llc-purchases-1030-shares-of-deere-company-de.html.

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.

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE).

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

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit