Ilmarinen Mutual Pension Insurance Co Has $17.03 Million Stock Position in Deere & Company (NYSE:DE)

Ilmarinen Mutual Pension Insurance Co grew its position in Deere & Company (NYSE:DE - Free Report) by 45.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,197 shares of the industrial products company's stock after buying an additional 12,500 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Deere & Company were worth $17,031,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its position in Deere & Company by 0.7% during the third quarter. Integrated Wealth Concepts LLC now owns 7,695 shares of the industrial products company's stock valued at $3,212,000 after purchasing an additional 55 shares during the last quarter. Royal London Asset Management Ltd. lifted its holdings in shares of Deere & Company by 5.7% during the 3rd quarter. Royal London Asset Management Ltd. now owns 142,021 shares of the industrial products company's stock valued at $59,270,000 after buying an additional 7,609 shares during the last quarter. Weiss Asset Management LP bought a new stake in shares of Deere & Company in the 3rd quarter valued at approximately $6,469,000. Worldquant Millennium Advisors LLC acquired a new position in Deere & Company in the third quarter worth approximately $20,364,000. Finally, Wellington Management Group LLP raised its position in 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 acquiring an additional 1,782,984 shares in the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

DE has been the topic of a number of recent research reports. Robert W. Baird restated a "neutral" rating and set a $501.00 price target on shares of Deere & Company in a report on Monday, March 3rd. StockNews.com cut Deere & Company from a "hold" rating to a "sell" rating in a research report on Sunday. Baird R W lowered Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Evercore ISI boosted 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. Finally, Citigroup decreased their target price on Deere & Company from $480.00 to $450.00 and set a "neutral" rating for the company in a research report on Tuesday. 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. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $457.26.

Deere & Company Price Performance

Shares of NYSE:DE traded down $5.05 during midday trading on Thursday, reaching $447.54. 990,047 shares of the company's stock were exchanged, compared to its average volume of 1,432,027. 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 company's 50 day simple moving average is $471.63 and its two-hundred day simple moving average is $442.69. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05. The firm has a market capitalization of $121.47 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00.

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

Deere & Company Dividend Announcement

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 paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.45%. Deere & Company's dividend payout ratio is currently 28.72%.

Insider Buying and Selling at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the business'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 directly owns 74,878 shares in the company, valued at $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.29% of the company's stock.

Deere & Company 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.