Barings LLC lowered its position in Deere & Company (NYSE:DE - Free Report) by 26.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,402 shares of the industrial products company's stock after selling 3,450 shares during the period. Barings LLC's holdings in Deere & Company were worth $3,984,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Pineridge Advisors LLC boosted its stake 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 in the last quarter. Modus Advisors LLC acquired a new stake in Deere & Company in the 4th quarter worth approximately $32,000. YANKCOM Partnership acquired a new stake in Deere & Company in the 4th quarter worth approximately $34,000. Synergy Asset Management LLC acquired a new stake in Deere & Company during the 4th quarter valued at approximately $35,000. Finally, Sierra Ocean LLC acquired a new stake in Deere & Company during the 4th quarter valued at approximately $44,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, insider Rajesh Kalathur sold 24,580 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.29% of the company's stock.
Deere & Company Price Performance
Shares of Deere & Company stock traded up $16.89 during trading hours on Friday, reaching $499.73. 2,615,248 shares of the company's stock were exchanged, compared to its average volume of 1,513,524. Deere & Company has a 1 year low of $340.20 and a 1 year high of $515.05. The company has a market capitalization of $135.63 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. The business has a fifty day moving average of $461.21 and a two-hundred day moving average of $430.21. 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 released its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.
Deere & Company Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be given 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 dividend yield of 1.30%. Deere & Company's payout ratio is 28.72%.
Wall Street Analysts Forecast Growth
DE has been the subject of several research reports. Evercore ISI lifted their price objective on shares of Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Truist Financial restated a "buy" rating and set a $546.00 price objective (down from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. UBS Group lifted their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Jefferies Financial Group lowered shares of Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 target price for the company. in a report on Friday, December 6th. Finally, StockNews.com lowered shares of Deere & Company from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. 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. Based on data from MarketBeat.com, Deere & Company has a consensus rating of "Hold" and a consensus price target of $457.22.
View Our Latest Analysis on DE
About Deere & Company
(
Free Report)
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.
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