Generali Asset Management SPA SGR Purchases Shares of 7,499 Deere & Company (NYSE:DE)

Generali Asset Management SPA SGR bought a new position in Deere & Company (NYSE:DE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,499 shares of the industrial products company's stock, valued at approximately $3,177,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Robertson Stephens Wealth Management LLC grew its stake in shares of Deere & Company by 2.2% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company's stock worth $426,000 after purchasing an additional 22 shares in the last quarter. DLK Investment Management LLC raised its holdings in Deere & Company by 0.3% during the fourth quarter. DLK Investment Management LLC now owns 8,212 shares of the industrial products company's stock worth $3,479,000 after purchasing an additional 24 shares in the last quarter. Quent Capital LLC lifted its position in Deere & Company by 2.8% in the fourth quarter. Quent Capital LLC now owns 889 shares of the industrial products company's stock worth $377,000 after purchasing an additional 24 shares during the period. Valeo Financial Advisors LLC raised its stake in shares of Deere & Company by 0.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company's stock worth $3,398,000 after buying an additional 24 shares in the last quarter. Finally, Douglas Lane & Associates LLC boosted its position in shares of Deere & Company by 4.7% during the 4th quarter. Douglas Lane & Associates LLC now owns 557 shares of the industrial products company's stock valued at $236,000 after purchasing an additional 25 shares in the last quarter. 68.58% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In other news, insider Rajesh Kalathur sold 24,580 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were 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 of the company's stock, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.29% of the company's stock.

Deere & Company Stock Performance

NYSE DE traded up $8.01 during midday trading on Monday, hitting $480.44. The company had a trading volume of 903,807 shares, compared to its average volume of 1,360,000. The firm has a fifty day simple moving average of $473.25 and a two-hundred day simple moving average of $436.88. The stock has a market cap of $130.40 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 2.14 and a beta of 1.01. 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 has a fifty-two week low of $340.20 and a fifty-two week high of $515.05.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly 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 return on equity of 27.31% and a net margin of 12.94%. Equities analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.35%. The ex-dividend date is Monday, March 31st. Deere & Company's payout ratio is presently 28.72%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Robert W. Baird restated a "neutral" rating and set a $501.00 price objective on shares of Deere & Company in a report on Monday, March 3rd. JPMorgan Chase & Co. upped their price target on shares of Deere & Company from $470.00 to $500.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Argus set a $510.00 price objective on shares of Deere & Company in a research report on Friday, March 7th. Evercore ISI increased their target price on Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Finally, Baird R W lowered Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. One investment 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. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $460.00.

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.