Deere & Company (NYSE:DE) Shares Purchased by Geo Capital Gestora de Recursos Ltd

Geo Capital Gestora de Recursos Ltd raised its position in shares of Deere & Company (NYSE:DE) by 6,318.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,381 shares of the industrial products company’s stock after purchasing an additional 7,266 shares during the period. Deere & Company accounts for approximately 2.3% of Geo Capital Gestora de Recursos Ltd’s holdings, making the stock its 18th biggest position. Geo Capital Gestora de Recursos Ltd’s holdings in Deere & Company were worth $3,047,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. ETF Managers Group LLC lifted its holdings in shares of Deere & Company by 1.5% during the 1st quarter. ETF Managers Group LLC now owns 1,746 shares of the industrial products company’s stock worth $721,000 after acquiring an additional 26 shares during the period. St. Johns Investment Management Company LLC lifted its holdings in shares of Deere & Company by 1.0% during the 4th quarter. St. Johns Investment Management Company LLC now owns 2,655 shares of the industrial products company’s stock worth $1,138,000 after acquiring an additional 27 shares during the period. Liberty One Investment Management LLC lifted its holdings in shares of Deere & Company by 0.5% during the 4th quarter. Liberty One Investment Management LLC now owns 6,016 shares of the industrial products company’s stock worth $2,579,000 after acquiring an additional 27 shares during the period. Wedge Capital Management L L P NC lifted its holdings in shares of Deere & Company by 5.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 537 shares of the industrial products company’s stock worth $222,000 after acquiring an additional 27 shares during the period. Finally, All Season Financial Advisors Inc. lifted its holdings in shares of Deere & Company by 3.4% during the 1st quarter. All Season Financial Advisors Inc. now owns 860 shares of the industrial products company’s stock worth $355,000 after acquiring an additional 28 shares during the period. 66.27% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Up 0.5 %

Shares of NYSE:DE opened at $402.26 on Wednesday. Deere & Company has a one year low of $328.62 and a one year high of $450.00. The company has a 50 day moving average of $417.51 and a 200-day moving average of $399.11. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.98 and a quick ratio of 1.74. The stock has a market cap of $115.85 billion, a price-to-earnings ratio of 11.89, a P/E/G ratio of 0.93 and a beta of 1.07.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Friday, August 18th. The industrial products company reported $10.20 EPS for the quarter, topping the consensus estimate of $8.22 by $1.98. Deere & Company had a net margin of 16.36% and a return on equity of 46.15%. The company had revenue of $14.28 billion during the quarter, compared to analysts’ expectations of $14.14 billion. During the same quarter in the previous year, the company earned $6.16 EPS. Deere & Company’s revenue was up 9.9% on a year-over-year basis. On average, sell-side analysts forecast that Deere & Company will post 33.9 earnings per share for the current year.

Deere & Company Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Friday, September 29th will be given a dividend of $1.35 per share. This is a boost from Deere & Company’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $5.40 annualized dividend and a dividend yield of 1.34%. Deere & Company’s payout ratio is currently 15.96%.

Insider Transactions at Deere & Company

In related news, insider Cory J. Reed sold 4,680 shares of Deere & Company stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $449.75, for a total transaction of $2,104,830.00. Following the transaction, the insider now owns 36,563 shares of the company’s stock, valued at approximately $16,444,209.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Cory J. Reed sold 4,680 shares of Deere & Company stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $449.75, for a total transaction of $2,104,830.00. Following the transaction, the insider now owns 36,563 shares of the company’s stock, valued at approximately $16,444,209.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John C. May II sold 52,967 shares of Deere & Company stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $416.02, for a total transaction of $22,035,331.34. Following the transaction, the chief executive officer now directly owns 109,126 shares in the company, valued at approximately $45,398,598.52. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on DE. Robert W. Baird reduced their price objective on shares of Deere & Company from $512.00 to $445.00 in a report on Monday, May 22nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Deere & Company from $398.00 to $407.00 and gave the stock a “hold” rating in a research report on Monday, August 21st. Bank of America increased their target price on shares of Deere & Company from $455.00 to $484.00 in a research report on Sunday, August 20th. BMO Capital Markets dropped their target price on shares of Deere & Company from $450.00 to $425.00 in a research report on Monday, June 5th. Finally, Oppenheimer dropped their target price on shares of Deere & Company from $467.00 to $458.00 and set an “outperform” rating for the company in a research report on Monday, August 21st. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Deere & Company presently has a consensus rating of “Moderate Buy” and an average price target of $458.53.

Deere & Company Profile

Deere & Company manufactures and distributes various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.