Deere & Company (NYSE:DE) Shares Sold by Cutler Investment Counsel LLC

Cutler Investment Counsel LLC trimmed its stake in Deere & Company (NYSE:DE - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,163 shares of the industrial products company's stock after selling 625 shares during the period. Deere & Company makes up approximately 1.9% of Cutler Investment Counsel LLC's portfolio, making the stock its 17th biggest holding. Cutler Investment Counsel LLC's holdings in Deere & Company were worth $14,955,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DE. Wellington Management Group LLP boosted its stake in shares of Deere & Company by 32.0% during the third quarter. Wellington Management Group LLP now owns 7,352,465 shares of the industrial products company's stock valued at $3,068,404,000 after purchasing an additional 1,782,984 shares during the period. Geode Capital Management LLC lifted its position in Deere & Company by 0.6% during the third quarter. Geode Capital Management LLC now owns 5,208,368 shares of the industrial products company's stock valued at $2,168,737,000 after buying an additional 31,459 shares during the period. FMR LLC increased its holdings in shares of Deere & Company by 27.8% during the third quarter. FMR LLC now owns 4,542,013 shares of the industrial products company's stock valued at $1,895,518,000 after acquiring an additional 988,380 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Deere & Company by 8.6% during the third quarter. Fisher Asset Management LLC now owns 1,994,657 shares of the industrial products company's stock valued at $832,431,000 after acquiring an additional 158,732 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Deere & Company by 5.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,731,801 shares of the industrial products company's stock valued at $722,733,000 after acquiring an additional 85,401 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on DE. Truist Financial restated a "buy" rating and set a $546.00 price target (down from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. Evercore ISI boosted their price target on Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a report on Wednesday. UBS Group boosted their price target on Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Citigroup boosted their target price on Deere & Company from $430.00 to $480.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Finally, Oppenheimer upped their price objective on Deere & Company from $477.00 to $507.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $454.65.

Insider Activity

In related news, insider Rajesh Kalathur sold 24,580 shares of the business'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 transaction, the insider now owns 74,878 shares in the company, valued at $37,484,675.58. The trade was a 24.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.29% of the company's stock.

Deere & Company Trading Down 2.6 %

Shares of NYSE DE traded down $12.99 during trading on Thursday, reaching $496.28. The stock had a trading volume of 1,514,537 shares, compared to its average volume of 1,476,719. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $515.05. 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 business's 50-day moving average price is $449.95 and its 200-day moving average price is $419.37. The company has a market cap of $135.16 billion, a P/E ratio of 22.00, a PEG ratio of 2.17 and a beta of 0.98.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts predict that Deere & Company will post 19.3 EPS for the current fiscal year.

Deere & Company Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st were issued a $1.62 dividend. This is an increase from Deere & Company's previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Tuesday, December 31st. 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.