Harvest Capital Strategies LLC lowered its position in Deere & Company (NYSE:DE) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,000 shares of the industrial products company’s stock after selling 4,000 shares during the period. Deere & Company makes up approximately 1.2% of Harvest Capital Strategies LLC’s investment portfolio, making the stock its 20th largest holding. Harvest Capital Strategies LLC’s holdings in Deere & Company were worth $6,886,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital International Investors boosted its position in Deere & Company by 35.4% in the 3rd quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock worth $1,106,131,000 after purchasing an additional 2,300,531 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Deere & Company by 21.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,621,764 shares of the industrial products company’s stock worth $454,857,000 after purchasing an additional 634,001 shares in the last quarter. Lazard Asset Management LLC boosted its position in Deere & Company by 11.4% in the 4th quarter. Lazard Asset Management LLC now owns 2,740,365 shares of the industrial products company’s stock worth $428,894,000 after purchasing an additional 280,750 shares in the last quarter. Janus Henderson Group PLC boosted its position in Deere & Company by 128.2% in the 3rd quarter. Janus Henderson Group PLC now owns 2,587,339 shares of the industrial products company’s stock worth $324,942,000 after purchasing an additional 1,453,754 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Deere & Company by 2.3% during the 3rd quarter. Legal & General Group Plc now owns 1,660,073 shares of the industrial products company’s stock worth $208,473,000 after buying an additional 36,865 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.
In other Deere & Company news, VP Mary K.W. Jones sold 10,220 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $165.06, for a total value of $1,686,913.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Samuel R. Allen sold 269,353 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $163.83, for a total value of $44,128,101.99. Following the completion of the sale, the chief executive officer now directly owns 361,166 shares of the company’s stock, valued at $59,169,825.78. The disclosure for this sale can be found here. Insiders sold a total of 380,397 shares of company stock valued at $62,811,005 over the last ninety days. Corporate insiders own 0.74% of the company’s stock.
Deere & Company (NYSE:DE) opened at $161.74 on Wednesday. Deere & Company has a 52 week low of $106.93 and a 52 week high of $175.26. The company has a quick ratio of 1.69, a current ratio of 1.98 and a debt-to-equity ratio of 2.85. The company has a market capitalization of $52,150.00, a price-to-earnings ratio of 21.92, a P/E/G ratio of 2.10 and a beta of 0.76.
Deere & Company (NYSE:DE) last issued its earnings results on Friday, February 16th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.15. Deere & Company had a return on equity of 27.18% and a net margin of 4.57%. The business had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.41 billion. During the same period last year, the company earned $0.61 EPS. The company’s revenue for the quarter was up 27.2% on a year-over-year basis. equities analysts predict that Deere & Company will post 9.53 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Thursday, March 29th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Wednesday, March 28th. Deere & Company’s dividend payout ratio (DPR) is presently 32.61%.
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About Deere & Company
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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