Capital International Sarl Has $8.17 Million Stock Holdings in Deere & Company (NYSE:DE)

Capital International Sarl lifted its stake in Deere & Company (NYSE:DE - Free Report) by 9.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,282 shares of the industrial products company's stock after acquiring an additional 1,675 shares during the quarter. Capital International Sarl's holdings in Deere & Company were worth $8,170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Robertson Stephens Wealth Management LLC boosted its holdings in Deere & Company by 2.2% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company's stock worth $426,000 after purchasing an additional 22 shares in the last quarter. DLK Investment Management LLC boosted its holdings in shares of Deere & Company by 0.3% during the 4th 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 during the period. Quent Capital LLC raised its holdings in Deere & Company by 2.8% in the 4th quarter. Quent Capital LLC now owns 889 shares of the industrial products company's stock worth $377,000 after acquiring an additional 24 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Deere & Company by 0.3% during the fourth 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 during the period. Finally, Douglas Lane & Associates LLC increased its stake in shares of Deere & Company by 4.7% in the fourth quarter. Douglas Lane & Associates LLC now owns 557 shares of the industrial products company's stock worth $236,000 after purchasing an additional 25 shares during the period. 68.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Argus set a $510.00 price target on Deere & Company in a report on Friday, March 7th. Evercore ISI upped their target price 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. Oppenheimer raised their price target on shares of Deere & Company from $510.00 to $513.00 and gave the stock an "outperform" rating in a research report on Tuesday. Robert W. Baird reaffirmed a "neutral" rating and set a $501.00 price objective on shares of Deere & Company in a research report on Monday, March 3rd. Finally, StockNews.com downgraded Deere & Company from a "hold" rating to a "sell" rating in a research report on Sunday, April 6th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Deere & Company presently has an average rating of "Hold" and an average price target of $460.21.

Deere & Company Price Performance

Shares of NYSE:DE traded up $2.26 during trading on Wednesday, reaching $456.92. The stock had a trading volume of 915,229 shares, compared to its average volume of 1,422,923. The stock has a market capitalization of $124.01 billion, a PE ratio of 20.25, a P/E/G ratio of 2.14 and a beta of 1.00. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05. The business's 50-day moving average price is $468.85 and its 200 day moving average price is $445.27.

Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. As a group, equities analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company's dividend payout ratio is presently 28.72%.

Insider Transactions at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the company's stock in a transaction 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 owns 74,878 shares of the company's stock, valued at $37,484,675.58. This represents a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is owned by company insiders.

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.