O Shaughnessy Asset Management LLC Increases Stock Position in Deere & Company (NYSE:DE)

O Shaughnessy Asset Management LLC lifted its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,665 shares of the industrial products company's stock after acquiring an additional 3,407 shares during the period. O Shaughnessy Asset Management LLC's holdings in Deere & Company were worth $13,840,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clearbridge Investments LLC raised its stake in shares of Deere & Company by 45.6% in the fourth quarter. Clearbridge Investments LLC now owns 334,211 shares of the industrial products company's stock worth $141,605,000 after purchasing an additional 104,628 shares during the last quarter. United Bank raised its position in Deere & Company by 17.0% in the 4th quarter. United Bank now owns 4,235 shares of the industrial products company's stock valued at $1,794,000 after buying an additional 615 shares during the last quarter. Brandywine Global Investment Management LLC lifted its stake in Deere & Company by 8.0% during the 4th quarter. Brandywine Global Investment Management LLC now owns 373,567 shares of the industrial products company's stock valued at $158,280,000 after acquiring an additional 27,643 shares in the last quarter. Mawer Investment Management Ltd. boosted its holdings in Deere & Company by 38.8% during the 4th quarter. Mawer Investment Management Ltd. now owns 619,442 shares of the industrial products company's stock worth $262,458,000 after acquiring an additional 173,170 shares during the last quarter. Finally, Martin Currie Ltd. boosted its holdings in Deere & Company by 53.7% during the 4th quarter. Martin Currie Ltd. now owns 2,442 shares of the industrial products company's stock worth $1,035,000 after acquiring an additional 853 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

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Insider Buying and Selling at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value of $12,304,993.80. Following the completion of the sale, the insider now directly owns 74,878 shares of the company's stock, valued at $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.29% of the company's stock.

Deere & Company Price Performance

Shares of NYSE:DE traded down $17.20 during trading on Friday, reaching $430.25. The company had a trading volume of 3,609,575 shares, compared to its average volume of 1,416,113. The company has a fifty day moving average of $476.55 and a two-hundred day moving average of $441.78. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. The stock has a market capitalization of $116.78 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. Deere & Company has a 12 month low of $340.20 and a 12 month 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 EPS 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%. Equities research analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The company 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 annualized dividend and a yield of 1.51%. The ex-dividend date is Monday, March 31st. Deere & Company's dividend payout ratio is currently 28.72%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Deere & Company from $470.00 to $500.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Evercore ISI increased their price objective 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. Baird R W downgraded Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Jefferies Financial Group downgraded Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price target for the company. in a research report on Friday, December 6th. Finally, Oppenheimer boosted their price objective on Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Fourteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $460.00.

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.