Russell Investments Group Ltd. Sells 9,011 Shares of Deere & Company (NYSE:DE)

Russell Investments Group Ltd. reduced its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 299,083 shares of the industrial products company's stock after selling 9,011 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.11% of Deere & Company worth $126,742,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Everence Capital Management Inc. boosted its holdings in shares of Deere & Company by 148.3% during the fourth quarter. Everence Capital Management Inc. now owns 12,223 shares of the industrial products company's stock worth $5,179,000 after acquiring an additional 7,300 shares during the period. Compass Financial Services Inc acquired a new position in Deere & Company in the 4th quarter valued at $254,000. Toronto Dominion Bank increased its position in Deere & Company by 1.5% during the 3rd 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 during the period. Czech National Bank lifted its holdings in shares of Deere & Company by 5.7% during the fourth quarter. Czech National Bank now owns 55,170 shares of the industrial products company's stock worth $23,376,000 after buying an additional 2,964 shares in the last quarter. Finally, Banque Pictet & Cie SA boosted 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 valued at $33,165,000 after acquiring an additional 1,500 shares during the period. 68.58% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities analysts recently commented on DE shares. Robert W. Baird reaffirmed a "neutral" rating and set a $501.00 price target on shares of Deere & Company in a research report on Monday, March 3rd. Argus set a $510.00 target price on shares of Deere & Company in a report on Friday, March 7th. Truist Financial reiterated a "buy" rating and issued a $546.00 price target (down from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. Oppenheimer raised their price objective on Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Finally, Evercore ISI increased their target price on Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Deere & Company currently has a consensus rating of "Hold" and an average price target of $457.26.

Insider Activity 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 stock was 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 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 filing with the SEC, which is available at this link. 0.29% of the stock is owned by corporate insiders.

Deere & Company Trading Down 1.9 %

Shares of DE stock traded down $8.62 during mid-day trading on Thursday, reaching $443.97. 942,195 shares of the stock traded hands, compared to its average volume of 1,431,848. The stock's fifty day simple moving average is $471.63 and its two-hundred day simple moving average is $442.69. The company has a market cap of $120.50 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. Deere & Company has a 1-year low of $340.20 and a 1-year high of $515.05. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94.

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

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be given a dividend of $1.62 per share. The ex-dividend date is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.46%. Deere & Company's payout ratio is presently 28.72%.

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.