Proficio Capital Partners LLC Has $531,000 Stock Position in Deere & Company (NYSE:DE)

Proficio Capital Partners LLC grew its position in Deere & Company (NYSE:DE) by 23.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,253 shares of the industrial products company’s stock after acquiring an additional 238 shares during the period. Proficio Capital Partners LLC’s holdings in Deere & Company were worth $531,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Pineridge Advisors LLC raised its position in Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 26 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of Deere & Company during the 4th quarter valued at $32,000. YANKCOM Partnership acquired a new position in shares of Deere & Company in the 4th quarter valued at $34,000. Synergy Asset Management LLC acquired a new position in shares of Deere & Company in the 4th quarter valued at $35,000. Finally, Sierra Ocean LLC acquired a new position in shares of Deere & Company in the 4th quarter valued at $44,000. Institutional investors own 68.58% of the company’s stock.

Insider Buying and Selling

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value of $12,304,993.80. Following the sale, the insider now owns 74,878 shares in the company, valued at $37,484,675.58. This trade represents a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.29% of the stock is currently owned by company insiders.

Deere & Company Stock Performance

Shares of NYSE:DE opened at $471.90 on Monday. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The firm has a market cap of $128.08 billion, a PE ratio of 20.92, a PEG ratio of 2.14 and a beta of 1.01. The company’s 50 day moving average price is $473.25 and its two-hundred day moving average price is $436.88. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. Equities research analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be given a dividend of $1.62 per share. The ex-dividend date is Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.37%. Deere & Company’s dividend payout ratio is 28.72%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DE shares. Robert W. Baird reissued a “neutral” rating and issued a $501.00 price target on shares of Deere & Company in a report on Monday, March 3rd. Baird R W downgraded shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Evercore ISI increased their price objective on shares of Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. StockNews.com cut shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. Finally, Oppenheimer increased their price target on shares of Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $460.00.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.