Banco Santander S.A. lessened its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 12.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,726 shares of the industrial products company's stock after selling 2,092 shares during the quarter. Banco Santander S.A.'s holdings in Deere & Company were worth $6,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of DE. Pineridge Advisors LLC increased its stake in shares of Deere & Company by 60.5% in the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock worth $29,000 after purchasing an additional 26 shares in the last quarter. Modus Advisors LLC bought a new position in Deere & Company in the 4th quarter worth $32,000. YANKCOM Partnership bought a new position in Deere & Company in the 4th quarter worth $34,000. Synergy Asset Management LLC purchased a new stake in Deere & Company in the 4th quarter worth $35,000. Finally, Continuum Advisory LLC raised its holdings in Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock valued at $43,000 after acquiring an additional 67 shares during the period. Institutional investors own 68.58% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently weighed in on DE. JPMorgan Chase & Co. upped their price objective on Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Robert W. Baird reaffirmed a "neutral" rating and set a $501.00 price objective on shares of Deere & Company in a report on Monday, March 3rd. UBS Group upped their target price on shares of Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. Argus set a $510.00 target price on shares of Deere & Company in a research note on Friday. Finally, Evercore ISI boosted their price target on shares of Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $460.00.
Get Our Latest Stock Report on Deere & Company
Deere & Company Trading Down 2.2 %
DE traded down $10.60 during trading on Tuesday, hitting $478.18. 468,610 shares of the stock were exchanged, compared to its average volume of 1,504,135. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The firm has a 50 day simple moving average of $462.49 and a 200 day simple moving average of $430.99. The firm has a market cap of $129.79 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 2.14 and a beta of 1.01. 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 released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, topping analysts' consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. As a group, equities analysts expect that Deere & Company will post 19.32 EPS 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 issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.36%. Deere & Company's dividend payout ratio is currently 28.72%.
Insider Buying and Selling at Deere & Company
In other news, insider Rajesh Kalathur sold 24,580 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.29% of the company's stock.
Deere & Company Profile
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Free Report)
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.
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