Deere & Company (NYSE:DE) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lowered its stake in shares of Deere & Company (NYSE:DE - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 325,761 shares of the industrial products company's stock after selling 2,364 shares during the period. Deere & Company makes up 1.4% of B. Metzler seel. Sohn & Co. AG's portfolio, making the stock its 14th biggest position. B. Metzler seel. Sohn & Co. AG owned approximately 0.12% of Deere & Company worth $138,021,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pineridge Advisors LLC raised its holdings in Deere & Company by 60.5% during the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock worth $29,000 after buying an additional 26 shares during the period. Modus Advisors LLC bought a new stake in shares of Deere & Company during the fourth quarter worth $32,000. YANKCOM Partnership acquired a new stake in shares of Deere & Company during the fourth quarter worth $34,000. Synergy Asset Management LLC bought a new stake in Deere & Company in the 4th quarter valued at $35,000. Finally, Continuum Advisory LLC lifted its position in Deere & Company by 155.8% in the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock valued at $43,000 after acquiring an additional 67 shares in the last quarter. Institutional investors own 68.58% of the company's stock.

Insiders Place Their Bets

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the company'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 transaction of $12,304,993.80. Following the transaction, the insider now owns 74,878 shares in the company, valued at approximately $37,484,675.58. This represents a 24.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.29% of the stock is owned by insiders.

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Analyst Ratings Changes

A number of brokerages have recently commented on DE. StockNews.com raised shares of Deere & Company from a "sell" rating to a "hold" rating in a research report on Saturday, March 29th. Citigroup boosted their price target on shares of Deere & Company from $430.00 to $480.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. 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. Jefferies Financial Group downgraded Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 target price on the stock. in a research report on Friday, December 6th. Finally, Truist Financial reiterated a "buy" rating and set a $546.00 target price (down previously from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Fourteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $460.00.

Deere & Company Trading Down 5.1 %

Shares of NYSE:DE traded down $23.93 during midday trading on Thursday, hitting $446.98. 2,286,543 shares of the stock traded hands, compared to its average volume of 1,405,279. The stock has a market capitalization of $121.32 billion, a PE ratio of 19.81, a P/E/G ratio of 2.14 and a beta of 1.01. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The business's 50 day moving average is $478.09 and its two-hundred day moving average is $441.50. 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 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%. As a group, research analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company's dividend payout ratio is currently 28.72%.

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.