Blue Edge Capital LLC Sells 578 Shares of Deere & Company (NYSE:DE)

Blue Edge Capital LLC lowered its stake in shares of Deere & Company (NYSE:DE) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,179 shares of the industrial products company’s stock after selling 578 shares during the period. Blue Edge Capital LLC’s holdings in Deere & Company were worth $3,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of DE. Klaas Financial Asset Advisors LLC purchased a new position in Deere & Company during the fourth quarter worth $26,000. Syverson Strege & Co bought a new stake in shares of Deere & Company in the fourth quarter valued at about $28,000. Leelyn Smith LLC raised its holdings in shares of Deere & Company by 2,500.0% in the fourth quarter. Leelyn Smith LLC now owns 104 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 100 shares in the last quarter. Clearview Wealth Advisors LLC bought a new position in Deere & Company in the fourth quarter worth about $32,000. Finally, McCarthy Asset Management Inc. bought a new position in Deere & Company in the fourth quarter worth about $34,000. 66.77% of the stock is owned by hedge funds and other institutional investors.

Shares of DE traded down $5.04 during mid-day trading on Tuesday, hitting $332.47. 64,348 shares of the company’s stock were exchanged, compared to its average volume of 1,794,601. The company has a current ratio of 2.24, a quick ratio of 2.03 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $104.54 billion, a P/E ratio of 38.79, a P/E/G ratio of 1.43 and a beta of 0.96. Deere & Company has a fifty-two week low of $106.14 and a fifty-two week high of $338.55. The business’s 50 day moving average is $302.15 and its two-hundred day moving average is $251.20.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 18th. The industrial products company reported $3.87 EPS for the quarter, beating the Zacks’ consensus estimate of $2.17 by $1.70. The firm had revenue of $8.05 billion during the quarter, compared to the consensus estimate of $7.12 billion. Deere & Company had a net margin of 7.74% and a return on equity of 22.17%. The firm’s revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.63 earnings per share. On average, equities research analysts forecast that Deere & Company will post 13.09 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 8th. Investors of record on Thursday, December 31st were given a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, December 30th. This represents a $3.04 dividend on an annualized basis and a yield of 0.91%. Deere & Company’s payout ratio is currently 34.98%.

In other Deere & Company news, CAO Marc A. Howze sold 14,619 shares of the stock in a transaction dated Wednesday, January 6th. The shares were sold at an average price of $289.00, for a total value of $4,224,891.00. Following the completion of the transaction, the chief accounting officer now directly owns 35,920 shares of the company’s stock, valued at $10,380,880. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Mary K.W. Jones sold 27,800 shares of the stock in a transaction dated Wednesday, November 25th. The shares were sold at an average price of $257.43, for a total transaction of $7,156,554.00. Following the completion of the transaction, the senior vice president now directly owns 87,055 shares of the company’s stock, valued at $22,410,568.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 121,468 shares of company stock valued at $31,836,175. 0.70% of the stock is currently owned by corporate insiders.

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Deere & Company from $201.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, November 19th. They noted that the move was a valuation call. Jefferies Financial Group boosted their price objective on Deere & Company from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, January 15th. BMO Capital Markets boosted their price objective on Deere & Company from $300.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, January 25th. Morgan Stanley upped their price objective on Deere & Company from $335.00 to $341.00 and gave the company an “overweight” rating in a report on Tuesday, December 15th. Finally, Argus upped their price objective on Deere & Company from $280.00 to $380.00 and gave the company a “buy” rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $309.80.

Deere & Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment provides various agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural solutions and precision technologies; and other outdoor power products.

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

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