AIA Group Ltd Has $80.10 Million Position in Deere & Company (NYSE:DE)

AIA Group Ltd lowered its stake in Deere & Company (NYSE:DE - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 189,043 shares of the industrial products company's stock after selling 8,516 shares during the quarter. Deere & Company comprises approximately 1.9% of AIA Group Ltd's holdings, making the stock its 8th largest holding. AIA Group Ltd owned 0.07% of Deere & Company worth $80,098,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DE. Robertson Stephens Wealth Management LLC boosted its stake in shares of Deere & Company by 2.2% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company's stock worth $426,000 after acquiring an additional 22 shares in the last quarter. DLK Investment Management LLC raised its holdings in Deere & Company by 0.3% during the fourth quarter. DLK Investment Management LLC now owns 8,212 shares of the industrial products company's stock worth $3,479,000 after purchasing an additional 24 shares during the last quarter. Quent Capital LLC boosted its position in Deere & Company by 2.8% during the fourth quarter. Quent Capital LLC now owns 889 shares of the industrial products company's stock worth $377,000 after purchasing an additional 24 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in Deere & Company by 0.3% in the fourth quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company's stock valued at $3,398,000 after purchasing an additional 24 shares during the last quarter. Finally, Douglas Lane & Associates LLC increased its position in shares of Deere & Company by 4.7% in the fourth quarter. Douglas Lane & Associates LLC now owns 557 shares of the industrial products company's stock valued at $236,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

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Deere & Company Stock Performance

DE stock traded down $22.29 during midday trading on Thursday, reaching $448.61. The company had a trading volume of 1,740,171 shares, compared to its average volume of 1,403,597. The firm has a market capitalization of $121.76 billion, a PE ratio of 19.93, a P/E/G ratio of 2.14 and a beta of 1.01. The stock has a 50 day moving average price of $478.09 and a 200 day moving average price of $441.50. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $515.05. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping analysts' consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. Analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.44%. Deere & Company's payout ratio is 28.72%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DE shares. Baird R W downgraded shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Argus set a $510.00 price objective on shares of Deere & Company in a research note on Friday, March 7th. Robert W. Baird restated a "neutral" rating and set a $501.00 price objective on shares of Deere & Company in a research report on Monday, March 3rd. Citigroup raised their price target on Deere & Company from $430.00 to $480.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Finally, Evercore ISI upped their price objective on Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Fourteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Deere & Company presently has a consensus rating of "Hold" and a consensus target price of $460.00.

Insider Activity at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the transaction, the insider now owns 74,878 shares of the company's stock, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.29% of the company's stock.

About Deere & Company

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.