Mitsubishi UFJ Trust & Banking Corp Buys 1,234 Shares of Deere & Company (NYSE:DE)

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 0.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 178,456 shares of the industrial products company's stock after buying an additional 1,234 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of Deere & Company worth $75,612,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC grew its stake in shares of Deere & Company by 10.0% during the fourth quarter. Ashton Thomas Securities LLC now owns 747 shares of the industrial products company's stock worth $317,000 after buying an additional 68 shares during the last quarter. Modern Wealth Management LLC increased its stake in shares of Deere & Company by 5.1% in the fourth quarter. Modern Wealth Management LLC now owns 3,779 shares of the industrial products company's stock valued at $1,776,000 after buying an additional 184 shares during the period. CoreFirst Bank & Trust bought a new position in Deere & Company during the 4th quarter worth approximately $592,000. Barnett & Company Inc. raised its stake in Deere & Company by 4.0% during the fourth quarter. Barnett & Company Inc. now owns 1,290 shares of the industrial products company's stock worth $547,000 after buying an additional 50 shares during the last quarter. Finally, Minneapolis Portfolio Management Group LLC lifted its holdings in Deere & Company by 2.0% in the fourth quarter. Minneapolis Portfolio Management Group LLC now owns 65,763 shares of the industrial products company's stock valued at $27,864,000 after buying an additional 1,318 shares during the period. Institutional investors and hedge funds own 68.58% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DE. Jefferies Financial Group lowered Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price objective for the company. in a research report on Friday, December 6th. JPMorgan Chase & Co. raised their target price on Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Robert W. Baird reissued a "neutral" rating and issued a $501.00 price target on shares of Deere & Company in a research note on Monday, March 3rd. Baird R W downgraded shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, Argus set a $510.00 price objective on shares of Deere & Company in a research note on Friday, March 7th. Fourteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has a consensus rating of "Hold" and an average target price of $460.00.

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 on 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 transaction, the insider now owns 74,878 shares of the company's stock, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.29% of the company's stock.

Deere & Company Stock Down 3.0 %

Shares of NYSE:DE traded down $14.45 during mid-day trading on Friday, hitting $465.27. 1,183,544 shares of the company traded hands, compared to its average volume of 1,400,727. The stock has a 50-day moving average price of $477.28 and a two-hundred day moving average price of $439.76. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05. The stock has a market cap of $126.28 billion, a P/E ratio of 20.62, a P/E/G ratio of 2.14 and a beta of 1.01. 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 posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (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%. On average, equities research analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The company 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 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company's payout ratio is 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.