Rathbones Group PLC Sells 9,344 Shares of Deere & Company (NYSE:DE)

Rathbones Group PLC decreased its stake in Deere & Company (NYSE:DE - Free Report) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 337,791 shares of the industrial products company's stock after selling 9,344 shares during the quarter. Rathbones Group PLC owned 0.12% of Deere & Company worth $143,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Everence Capital Management Inc. boosted its stake in 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 worth $5,179,000 after acquiring an additional 7,300 shares during the last quarter. Compass Financial Services Inc bought a new position in shares of Deere & Company during the fourth quarter worth $254,000. Toronto Dominion Bank grew its holdings in shares of Deere & Company by 1.5% in the 3rd quarter. Toronto Dominion Bank now owns 86,952 shares of the industrial products company's stock valued at $36,288,000 after buying an additional 1,291 shares during the period. Czech National Bank grew its holdings in shares of Deere & Company by 5.7% in the 4th 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 increased its position in shares of Deere & Company by 2.0% in the 4th quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company's stock valued at $33,165,000 after buying an additional 1,500 shares in the last quarter. Institutional investors own 68.58% of the company's stock.

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Insider Activity

In related news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction on 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 sale, the insider now owns 74,878 shares in the company, valued at approximately $37,484,675.58. This represents a 24.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

DE has been the subject of a number of research analyst reports. StockNews.com cut Deere & Company from a "hold" rating to a "sell" rating in a research note on Sunday, April 6th. Citigroup decreased their price objective on Deere & Company from $480.00 to $450.00 and set a "neutral" rating for the company in a research report on Tuesday. Baird R W downgraded shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. UBS Group reduced their price target on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Deere & Company has an average rating of "Hold" and a consensus price target of $457.26.

Deere & Company Stock Up 3.5 %

DE traded up $15.56 during trading on Friday, reaching $459.75. 1,245,049 shares of the stock were exchanged, compared to its average volume of 1,434,904. 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 stock's 50 day moving average price is $470.92 and its two-hundred day moving average price is $443.29. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. The stock has a market cap of $124.78 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00.

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 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%. Equities analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be given a $1.62 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.41%. Deere & Company's payout ratio is 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.