Investment House LLC Sells 1,465 Shares of Deere & Company (NYSE:DE)

Investment House LLC reduced its position in Deere & Company (NYSE:DE - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,172 shares of the industrial products company's stock after selling 1,465 shares during the period. Investment House LLC's holdings in Deere & Company were worth $6,852,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DE. Robertson Stephens Wealth Management LLC boosted its stake in shares of Deere & Company by 2.2% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company's stock valued at $426,000 after purchasing an additional 22 shares in the last quarter. DLK Investment Management LLC boosted its position 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 valued at $3,479,000 after buying an additional 24 shares during the period. Quent Capital LLC grew its stake in shares of Deere & Company by 2.8% during the fourth quarter. Quent Capital LLC now owns 889 shares of the industrial products company's stock valued at $377,000 after buying an additional 24 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Deere & Company by 0.3% in the fourth 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 during the period. Finally, Douglas Lane & Associates LLC increased its holdings in shares of Deere & Company by 4.7% in the fourth quarter. Douglas Lane & Associates LLC now owns 557 shares of the industrial products company's stock worth $236,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 68.58% of the company's stock.

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Insider Activity

In other news, insider Rajesh Kalathur sold 24,580 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $37,484,675.58. This represents a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.29% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DE shares. Morgan Stanley increased their target price on Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a report on Monday, November 25th. StockNews.com lowered Deere & Company from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. Evercore ISI lifted their target price on shares of Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. increased 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. Finally, Argus set a $510.00 price target on shares of Deere & Company in a report on Friday, March 7th. 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.com, the company currently has an average rating of "Hold" and an average price target of $460.00.

Deere & Company Stock Down 1.1 %

NYSE:DE traded down $5.12 during mid-day trading on Friday, hitting $471.90. 1,684,992 shares of the company's stock were exchanged, compared to its average volume of 1,361,832. The company has a market cap of $128.08 billion, a PE ratio of 20.92, a P/E/G ratio of 2.14 and a beta of 1.01. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The business has a fifty day moving average price of $473.25 and a 200 day moving average price of $436.57.

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

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be paid 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 1.37%. Deere & Company's dividend payout ratio is currently 28.72%.

About Deere & Company

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.