Deere & Company (NYSE:DE) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its stake in shares of Deere & Company (NYSE:DE - Free Report) by 104.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,049 shares of the industrial products company's stock after acquiring an additional 6,661 shares during the period. Tower Research Capital LLC TRC's holdings in Deere & Company were worth $5,529,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Transatlantique Private Wealth LLC increased its stake in Deere & Company by 4.9% during the 4th quarter. Transatlantique Private Wealth LLC now owns 4,922 shares of the industrial products company's stock valued at $2,085,000 after purchasing an additional 228 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Deere & Company by 1.1% in the 4th quarter. MetLife Investment Management LLC now owns 67,308 shares of the industrial products company's stock valued at $28,518,000 after acquiring an additional 738 shares during the period. Natixis purchased a new position in Deere & Company in the 4th quarter worth $9,210,000. BI Asset Management Fondsmaeglerselskab A S lifted its position in Deere & Company by 50.7% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 22,531 shares of the industrial products company's stock worth $9,546,000 after acquiring an additional 7,578 shares during the period. Finally, Capital International Inc. CA increased its holdings in shares of Deere & Company by 22.1% in the fourth quarter. Capital International Inc. CA now owns 22,008 shares of the industrial products company's stock valued at $9,325,000 after purchasing an additional 3,984 shares during the period. Hedge funds and other institutional investors own 68.58% of the company's stock.

Insiders Place Their Bets

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 NYSE DE traded down $5.59 during midday trading on Friday, hitting $458.92. The stock had a trading volume of 983,292 shares, compared to its average volume of 1,421,118. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The stock has a 50 day simple moving average of $468.06 and a 200-day simple moving average of $445.75. The company has a market capitalization of $124.56 billion, a PE ratio of 20.34, a P/E/G ratio of 2.14 and a beta of 1.00. 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 announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share 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%. On average, sell-side analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be issued a $1.62 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.41%. Deere & Company's payout ratio is 28.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DE shares. Oppenheimer lifted their target price on Deere & Company from $510.00 to $513.00 and gave the stock an "outperform" rating in a report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of Deere & Company from $470.00 to $500.00 and gave the company a "neutral" rating in a report on Monday, February 10th. UBS Group cut their price objective on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Truist Financial restated a "buy" rating and set a $546.00 target price (down from $550.00) on shares of Deere & Company in a research report on Friday, February 14th. Finally, Evercore ISI upped their price target on shares of Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Deere & Company presently has a consensus rating of "Hold" and a consensus target price of $460.21.

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.