Deere & Company (NYSE:DE) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its stake in shares of Deere & Company (NYSE:DE - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,092 shares of the industrial products company's stock after selling 708 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Deere & Company were worth $11,055,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Livelsberger Financial Advisory bought a new stake in shares of Deere & Company in the third quarter worth about $32,000. Modus Advisors LLC bought a new stake in Deere & Company during the 4th quarter worth approximately $32,000. Continuum Advisory LLC raised its holdings in Deere & Company by 155.8% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock worth $43,000 after buying an additional 67 shares during the period. Darwin Wealth Management LLC bought a new position in Deere & Company in the third quarter valued at approximately $47,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Deere & Company in the third quarter valued at approximately $55,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DE has been the topic of several recent research reports. Oppenheimer lifted their price target on Deere & Company from $477.00 to $507.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Citigroup dropped their target price on Deere & Company from $470.00 to $430.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. UBS Group upped their price target on Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. Truist Financial lifted their price objective on shares of Deere & Company from $538.00 to $550.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Finally, Morgan Stanley increased their target price on shares of Deere & Company from $401.00 to $450.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $444.50.

Deere & Company Price Performance

NYSE DE traded down $4.50 on Wednesday, hitting $467.77. The stock had a trading volume of 1,084,583 shares, compared to its average volume of 1,356,160. The company has a market capitalization of $127.40 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 2.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The firm has a 50-day moving average of $445.00 and a 200-day moving average of $411.50. Deere & Company has a 52-week low of $340.20 and a 52-week high of $485.84.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter in the previous year, the company posted $8.26 earnings per share. The business's revenue was down 32.8% on a year-over-year basis. Equities analysts expect that Deere & Company will post 19.38 EPS for the current year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Deere & Company's previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.39%. Deere & Company's payout ratio is 25.31%.

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.