Johnson Financial Group Inc. Sells 1,058 Shares of Deere & Company (NYSE:DE)

Johnson Financial Group Inc. cut its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 61.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 667 shares of the industrial products company's stock after selling 1,058 shares during the period. Johnson Financial Group Inc.'s holdings in Deere & Company were worth $283,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Robertson Stephens Wealth Management LLC raised its stake in shares of Deere & Company by 2.2% during 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 during the last quarter. DLK Investment Management LLC grew 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 acquiring an additional 24 shares during the period. Quent Capital LLC grew its holdings in Deere & Company by 2.8% during the fourth quarter. Quent Capital LLC now owns 889 shares of the industrial products company's stock worth $377,000 after acquiring an additional 24 shares during the period. Valeo Financial Advisors LLC grew its holdings in Deere & Company by 0.3% during the fourth quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company's stock worth $3,398,000 after acquiring an additional 24 shares during the period. Finally, Douglas Lane & Associates LLC grew its holdings in Deere & Company by 4.7% during the fourth quarter. Douglas Lane & Associates LLC now owns 557 shares of the industrial products company's stock worth $236,000 after acquiring an additional 25 shares during the period. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Trading Down 1.2 %

Shares of DE stock opened at $458.92 on Monday. The firm's 50-day simple moving average is $467.21 and its 200-day simple moving average is $446.72. 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 1-year low of $340.20 and a 1-year high of $515.05. The firm has a market cap of $124.56 billion, a P/E ratio of 20.34, a PEG ratio of 2.14 and a beta of 1.00.

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 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%. As a group, equities analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.41%. The ex-dividend date is Monday, March 31st. Deere & Company's dividend payout ratio (DPR) is 28.72%.

Insider Buying and Selling

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the business'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 transaction of $12,304,993.80. Following the completion of the sale, 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 through this hyperlink. 0.29% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Citigroup dropped their price objective on Deere & Company from $480.00 to $450.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Evercore ISI upped their price objective on Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. StockNews.com lowered Deere & Company from a "hold" rating to a "sell" rating in a report on Sunday, April 6th. Baird R W lowered Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. upped their target price on Deere & Company from $470.00 to $500.00 and gave the company a "neutral" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $460.21.

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.

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.