Financial Planning Hawaii Inc. Makes New Investment in Deere & Company $DE

Financial Planning Hawaii Inc. purchased a new stake in shares of Deere & Company (NYSE:DE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,263 shares of the industrial products company’s stock, valued at approximately $588,000.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after purchasing an additional 1,278 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in Deere & Company by 7.8% in the second quarter. Schnieders Capital Management LLC. now owns 2,076 shares of the industrial products company’s stock worth $1,056,000 after purchasing an additional 150 shares during the last quarter. Level Four Advisory Services LLC lifted its stake in Deere & Company by 16.0% in the second quarter. Level Four Advisory Services LLC now owns 1,866 shares of the industrial products company’s stock worth $949,000 after purchasing an additional 257 shares during the last quarter. Mackenzie Financial Corp boosted its position in Deere & Company by 2.5% during the second quarter. Mackenzie Financial Corp now owns 32,773 shares of the industrial products company’s stock valued at $16,665,000 after buying an additional 804 shares during the period. Finally, VestGen Advisors LLC boosted its position in Deere & Company by 119.9% during the second quarter. VestGen Advisors LLC now owns 5,745 shares of the industrial products company’s stock valued at $2,928,000 after buying an additional 3,132 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Deere & Company

In related news, CEO John C. May II sold 41,472 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $501.49, for a total value of $20,797,793.28. Following the completion of the sale, the chief executive officer owned 117,970 shares of the company’s stock, valued at $59,160,775.30. This trade represents a 26.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Cory J. Reed sold 12,000 shares of Deere & Company stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the completion of the sale, the insider owned 20,792 shares in the company, valued at approximately $10,603,920. This trade represents a 36.59% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by insiders.

Deere & Company Stock Performance

Shares of NYSE:DE opened at $555.26 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59. The company has a 50-day moving average price of $580.51 and a 200-day moving average price of $510.41. The company has a market cap of $149.98 billion, a price-to-earnings ratio of 31.30, a price-to-earnings-growth ratio of 1.98 and a beta of 0.96. Deere & Company has a 12 month low of $404.42 and a 12 month high of $674.19.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.52. The company had revenue of $9.61 billion for the quarter, compared to analysts’ expectations of $7.50 billion. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.Deere & Company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the firm earned $3.19 earnings per share. As a group, equities analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, March 31st. Deere & Company’s dividend payout ratio (DPR) is currently 36.53%.

Wall Street Analysts Forecast Growth

DE has been the topic of several analyst reports. Morgan Stanley lifted their price objective on Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Royal Bank Of Canada increased their target price on Deere & Company from $541.00 to $736.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Wolfe Research raised their price target on Deere & Company from $520.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. JPMorgan Chase & Co. decreased their price target on Deere & Company from $480.00 to $460.00 and set a “neutral” rating on the stock in a research note on Friday, December 19th. Finally, Sanford C. Bernstein boosted their price objective on Deere & Company from $521.00 to $615.00 and gave the company a “market perform” rating in a research report on Friday, February 20th. Sixteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $644.70.

Deere & Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.