Mizuho Securities USA LLC Has $10.22 Million Holdings in Deere & Company (NYSE:DE)

Mizuho Securities USA LLC boosted its position in shares of Deere & Company (NYSE:DE - Free Report) by 45.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,116 shares of the industrial products company's stock after acquiring an additional 7,498 shares during the quarter. Mizuho Securities USA LLC's holdings in Deere & Company were worth $10,218,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Robertson Stephens Wealth Management LLC lifted its holdings in 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 buying an additional 22 shares during the period. DLK Investment Management LLC lifted its position in shares of 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 last quarter. Quent Capital LLC boosted its holdings in shares of Deere & Company by 2.8% in the 4th 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 in the last quarter. Valeo Financial Advisors LLC grew its holdings in 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 purchasing an additional 24 shares during the last quarter. Finally, Douglas Lane & Associates LLC raised its stake in Deere & Company by 4.7% in the fourth quarter. Douglas Lane & Associates LLC now owns 557 shares of the industrial products company's stock valued at $236,000 after buying an additional 25 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

DE has been the subject of several research reports. Argus set a $510.00 price objective on shares of Deere & Company in a research note on Friday, March 7th. Robert W. Baird reaffirmed a "neutral" rating and issued a $501.00 price target on shares of Deere & Company in a report on Monday, March 3rd. JPMorgan Chase & Co. upped their price objective on shares of Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Jefferies Financial Group downgraded shares of Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price objective for the company. in a report on Friday, December 6th. Finally, StockNews.com lowered shares of Deere & Company from a "hold" rating to a "sell" rating in a research report on Saturday, March 1st. 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. Based on data from MarketBeat, Deere & Company has an average rating of "Hold" and a consensus target price of $460.00.

Deere & Company Price Performance

DE stock traded up $4.55 during trading on Wednesday, hitting $483.48. The company had a trading volume of 811,162 shares, compared to its average volume of 1,357,348. The firm has a market capitalization of $131.22 billion, a price-to-earnings ratio of 21.43, 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. The business has a 50 day moving average of $475.21 and a 200 day moving average of $438.25. 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 announced its 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 return on equity of 27.31% and a net margin of 12.94%. As a group, research analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently declared 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 1.34%. The ex-dividend date is Monday, March 31st. Deere & Company's dividend payout ratio (DPR) is presently 28.72%.

Insider Buying and Selling at Deere & Company

In other 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 transaction of $12,304,993.80. Following the sale, the insider now directly owns 74,878 shares of the company's stock, valued at $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by corporate insiders.

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.