Dnca Finance Raises Position in Deere & Company (NYSE:DE)

Dnca Finance raised its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 13.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,300 shares of the industrial products company's stock after purchasing an additional 8,000 shares during the quarter. Deere & Company makes up approximately 2.3% of Dnca Finance's portfolio, making the stock its 11th largest holding. Dnca Finance's holdings in Deere & Company were worth $28,939,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp boosted its stake in Deere & Company by 4.0% during the third quarter. M&T Bank Corp now owns 170,325 shares of the industrial products company's stock valued at $71,081,000 after buying an additional 6,520 shares during the period. SkyView Investment Advisors LLC grew its holdings in shares of Deere & Company by 6.6% during the third quarter. SkyView Investment Advisors LLC now owns 1,098 shares of the industrial products company's stock worth $458,000 after purchasing an additional 68 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its position in shares of Deere & Company by 13.9% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 9,879 shares of the industrial products company's stock worth $4,131,000 after purchasing an additional 1,205 shares during the last quarter. Arvest Bank Trust Division purchased a new stake in Deere & Company in the third quarter valued at approximately $1,252,000. Finally, Wilmington Savings Fund Society FSB lifted its position in Deere & Company by 162.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 21,563 shares of the industrial products company's stock valued at $8,999,000 after purchasing an additional 13,334 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Insider Buying and Selling at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company 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 transaction, the insider now owns 74,878 shares of the company's stock, valued at $37,484,675.58. The trade was a 24.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DE. JPMorgan Chase & Co. lifted their price target on Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Argus set a $510.00 target price on Deere & Company in a research note on Friday, March 7th. UBS Group decreased their price target on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Citigroup cut their price objective on shares of Deere & Company from $480.00 to $450.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley lifted their target price on shares of Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $460.21.

Deere & Company Stock Up 2.0 %

Deere & Company stock traded up $9.22 during trading hours on Thursday, hitting $465.66. 297,348 shares of the stock traded hands, compared to its average volume of 1,419,081. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The company has a market cap of $126.39 billion, a PE ratio of 20.61, a PEG ratio of 2.14 and a beta of 1.00. The firm's 50-day moving average price is $468.39 and its two-hundred day moving average price is $445.35. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, beating the consensus estimate 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, research analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Monday, March 31st. Deere & Company's dividend payout ratio (DPR) 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.