Deere & Company (NYSE:DE) Shares Acquired by APG Asset Management N.V.

APG Asset Management N.V. boosted its stake in shares of Deere & Company (NYSE:DE - Free Report) by 448.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,500 shares of the industrial products company's stock after purchasing an additional 145,933 shares during the period. APG Asset Management N.V. owned about 0.07% of Deere & Company worth $73,038,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its position in shares of Deere & Company by 2.1% during the 4th quarter. Advisory Services Network LLC now owns 19,771 shares of the industrial products company's stock valued at $8,377,000 after acquiring an additional 405 shares during the period. Nixon Capital LLC purchased a new position in Deere & Company during the fourth quarter valued at $1,944,000. Renaissance Technologies LLC bought a new stake in Deere & Company during the fourth quarter valued at about $55,462,000. FIL Ltd increased its position in Deere & Company by 3.3% in the fourth quarter. FIL Ltd now owns 28,417 shares of the industrial products company's stock worth $12,040,000 after buying an additional 907 shares in the last quarter. Finally, Shelton Capital Management raised its stake in shares of Deere & Company by 32.6% in the fourth quarter. Shelton Capital Management now owns 18,324 shares of the industrial products company's stock worth $7,764,000 after buying an additional 4,500 shares during the period. Hedge funds and other institutional investors own 68.58% of the company's stock.

Remove Ads

Insider Activity at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the company's stock in a transaction on 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 completion of the sale, the insider now directly owns 74,878 shares in the company, valued at $37,484,675.58. This represents a 24.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on DE. Argus set a $510.00 target price on shares of Deere & Company in a research note on Friday, March 7th. Evercore ISI boosted 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. Citigroup cut their target price on Deere & Company from $480.00 to $450.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. UBS Group decreased their target price on Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Finally, Oppenheimer upped their price target on Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $457.26.

Deere & Company Stock Performance

Shares of DE traded up $15.56 during trading hours on Friday, reaching $459.75. 1,245,049 shares of the company traded hands, compared to its average volume of 1,434,904. The stock has a market capitalization of $124.78 billion, a P/E ratio of 20.38, a P/E/G ratio of 2.14 and a beta of 1.00. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05. The business has a fifty day moving average price of $470.92 and a 200-day moving average price of $443.29. 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 announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating 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%. Equities analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed 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 1.41%. Deere & Company's dividend payout ratio (DPR) is currently 28.72%.

Deere & 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.