Deere & Company (NYSE:DE) Shares Acquired by World Investment Advisors

World Investment Advisors increased its position in shares of Deere & Company (NYSE:DE - Free Report) by 156.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,372 shares of the industrial products company's stock after purchasing an additional 837 shares during the quarter. World Investment Advisors' holdings in Deere & Company were worth $581,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Everence Capital Management Inc. raised its stake in shares of Deere & Company by 148.3% during the 4th quarter. Everence Capital Management Inc. now owns 12,223 shares of the industrial products company's stock valued at $5,179,000 after buying an additional 7,300 shares during the last quarter. Compass Financial Services Inc purchased a new position in shares of Deere & Company during the 4th quarter valued at approximately $254,000. Toronto Dominion Bank boosted its holdings in Deere & Company by 1.5% during the third quarter. Toronto Dominion Bank now owns 86,952 shares of the industrial products company's stock worth $36,288,000 after buying an additional 1,291 shares in the last quarter. Czech National Bank grew its position in Deere & Company by 5.7% during the fourth quarter. Czech National Bank now owns 55,170 shares of the industrial products company's stock valued at $23,376,000 after buying an additional 2,964 shares during the period. Finally, Banque Pictet & Cie SA raised its position in shares of Deere & Company by 2.0% in the fourth quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company's stock worth $33,165,000 after acquiring an additional 1,500 shares during the period. Hedge funds and other institutional investors own 68.58% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Robert W. Baird restated a "neutral" rating and issued a $501.00 price objective on shares of Deere & Company in a research report on Monday, March 3rd. Oppenheimer upped their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. UBS Group lowered their price objective on Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Argus set a $510.00 target price on Deere & Company in a research report on Friday, March 7th. Finally, Citigroup decreased their price objective on Deere & Company from $480.00 to $450.00 and set a "neutral" rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Deere & Company has a consensus rating of "Hold" and a consensus price target of $457.26.

Insiders Place Their Bets

In related news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction on 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 sale, the insider now directly owns 74,878 shares in the company, valued at $37,484,675.58. This trade represents a 24.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is owned by company insiders.

Deere & Company Stock Up 3.5 %

Shares of DE stock traded up $15.56 during trading on Friday, reaching $459.75. The company's stock had a trading volume of 1,245,049 shares, compared to its average volume of 1,434,904. Deere & Company has a 1-year low of $340.20 and a 1-year high of $515.05. The stock's 50-day moving average price is $470.92 and its 200 day moving average price is $443.29. The company has a market capitalization of $124.78 billion, a price-to-earnings ratio of 20.38, 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 (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, 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%. On average, 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. 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 yield of 1.41%. The ex-dividend date is Monday, March 31st. Deere & Company's dividend payout ratio is presently 28.72%.

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.