Canada Pension Plan Investment Board Has $8.03 Million Position in Deere & Company (NYSE:DE)

Canada Pension Plan Investment Board boosted its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 11.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 18,942 shares of the industrial products company's stock after acquiring an additional 1,923 shares during the period. Canada Pension Plan Investment Board's holdings in Deere & Company were worth $8,026,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Pineridge Advisors LLC increased its holdings in Deere & Company by 60.5% in the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 26 shares during the last quarter. Modus Advisors LLC acquired a new position in shares of Deere & Company during the 4th quarter worth about $32,000. YANKCOM Partnership bought a new stake in shares of Deere & Company in the 4th quarter valued at about $34,000. Synergy Asset Management LLC acquired a new stake in shares of Deere & Company in the 4th quarter valued at approximately $35,000. Finally, Sierra Ocean LLC bought a new position in Deere & Company during the 4th quarter worth approximately $44,000. Institutional investors own 68.58% of the company's stock.

Insider Activity at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DE shares. Oppenheimer increased their target price on shares of Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Morgan Stanley raised their price objective on Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 16th. Evercore ISI boosted their target price on Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Argus set a $510.00 price target on Deere & Company in a research report on Friday, March 7th. Finally, StockNews.com lowered Deere & Company from a "hold" rating to a "sell" rating in a research report on Sunday, April 6th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Deere & Company presently has a consensus rating of "Hold" and a consensus price target of $459.89.

Deere & Company Stock Performance

Shares of NYSE DE opened at $441.89 on Tuesday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The stock has a 50 day moving average price of $469.08 and a 200 day moving average price of $445.21. The stock has a market capitalization of $119.94 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05.

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 for the quarter, beating 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%. 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 disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be paid 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 1.47%. Deere & Company's dividend payout ratio is presently 28.72%.

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.

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