MetLife Investment Management LLC Boosts Holdings in Deere & Company (NYSE:DE)

MetLife Investment Management LLC raised its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,308 shares of the industrial products company's stock after buying an additional 738 shares during the period. MetLife Investment Management LLC's holdings in Deere & Company were worth $28,518,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. M&T Bank Corp raised its holdings in Deere & Company by 4.0% in the 3rd quarter. M&T Bank Corp now owns 170,325 shares of the industrial products company's stock worth $71,081,000 after acquiring an additional 6,520 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in shares of Deere & Company by 6.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,098 shares of the industrial products company's stock worth $458,000 after purchasing an additional 68 shares during the period. Pine Valley Investments Ltd Liability Co boosted its holdings in shares of Deere & Company by 13.9% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 9,879 shares of the industrial products company's stock worth $4,131,000 after buying an additional 1,205 shares during the last quarter. Arvest Bank Trust Division bought a new stake in Deere & Company during the third quarter valued at approximately $1,252,000. Finally, Wilmington Savings Fund Society FSB raised its holdings in Deere & Company by 162.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,563 shares of the industrial products company's stock worth $8,999,000 after purchasing an additional 13,334 shares during the period. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Stock Up 0.5 %

Deere & Company stock traded up $2.26 during mid-day trading on Wednesday, hitting $456.92. The company had a trading volume of 1,025,225 shares, compared to its average volume of 1,423,503. 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 has a 1 year low of $340.20 and a 1 year high of $515.05. The business has a fifty day moving average of $468.85 and a 200 day moving average of $445.27. The stock has a market cap of $124.01 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.14 and a beta of 1.00.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly 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 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 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared 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. This represents a $6.48 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Monday, March 31st. Deere & Company's dividend payout ratio (DPR) is presently 28.72%.

Analyst Ratings Changes

DE has been the topic of several recent analyst reports. Citigroup decreased their target price on Deere & Company from $480.00 to $450.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. StockNews.com cut shares of Deere & Company from a "hold" rating to a "sell" rating in a research report on Sunday, April 6th. JPMorgan Chase & Co. raised their target price on shares of Deere & Company from $470.00 to $500.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Truist Financial reiterated a "buy" rating and issued a $546.00 price target (down previously from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. Finally, Baird R W downgraded shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. 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 stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $460.21.

Insider Buying and Selling

In other news, insider Rajesh Kalathur sold 24,580 shares of the 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 completion of the transaction, the insider now directly owns 74,878 shares of the company's stock, valued at approximately $37,484,675.58. This represents a 24.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company's stock.

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.