DCF Advisers LLC Sells 2,500 Shares of Deere & Company (NYSE:DE)

DCF Advisers LLC cut its position in Deere & Company (NYSE:DE - Free Report) by 55.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,000 shares of the industrial products company's stock after selling 2,500 shares during the quarter. DCF Advisers LLC's holdings in Deere & Company were worth $847,000 at the end of the most recent reporting period.

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

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Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Citigroup boosted their price objective 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. StockNews.com downgraded Deere & Company from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. Baird R W cut Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Robert W. Baird reissued a "neutral" rating and issued a $501.00 target price on shares of Deere & Company in a research note on Monday, March 3rd. Finally, Morgan Stanley upped their price target on shares of Deere & Company from $401.00 to $450.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $460.00.

Deere & Company Stock Performance

NYSE DE traded down $0.26 on Tuesday, reaching $479.70. The stock had a trading volume of 808,216 shares, compared to its average volume of 1,359,819. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The company has a market cap of $130.20 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. The firm has a fifty day moving average of $474.26 and a two-hundred day moving average of $437.56. Deere & Company has a 1-year low of $340.20 and a 1-year high of $515.05.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS 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%. On average, equities research analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The firm 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 $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.35%. Deere & Company's payout ratio is 28.72%.

Insider Activity at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the firm'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 transaction, the insider now owns 74,878 shares in the company, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is currently owned by corporate insiders.

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.