Mutual of America Capital Management LLC Sells 1,854 Shares of Deere & Company (NYSE:DE)

Mutual of America Capital Management LLC lowered its position in Deere & Company (NYSE:DE - Free Report) by 4.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 36,277 shares of the industrial products company's stock after selling 1,854 shares during the period. Mutual of America Capital Management LLC's holdings in Deere & Company were worth $15,371,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of Deere & Company by 32.0% during the 3rd quarter. Wellington Management Group LLP now owns 7,352,465 shares of the industrial products company's stock worth $3,068,404,000 after purchasing an additional 1,782,984 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Deere & Company by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,208,368 shares of the industrial products company's stock valued at $2,168,737,000 after acquiring an additional 31,459 shares during the period. FMR LLC raised its stake in Deere & Company by 27.8% during the 3rd quarter. FMR LLC now owns 4,542,013 shares of the industrial products company's stock valued at $1,895,518,000 after acquiring an additional 988,380 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Deere & Company by 5.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,063,898 shares of the industrial products company's stock worth $874,473,000 after buying an additional 107,544 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of Deere & Company by 8.6% in the 3rd quarter. Fisher Asset Management LLC now owns 1,994,657 shares of the industrial products company's stock valued at $832,431,000 after purchasing an additional 158,732 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Price Performance

DE stock traded down $0.30 during mid-day trading on Friday, hitting $480.25. The stock had a trading volume of 1,995,761 shares, compared to its average volume of 1,466,122. The firm has a fifty day simple moving average of $456.95 and a 200 day simple moving average of $426.15. The firm has a market capitalization of $130.80 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.14 and a beta of 0.98. 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 has a 52 week low of $340.20 and a 52 week high of $515.05.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be issued a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.35%. Deere & Company's payout ratio is 28.72%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Oppenheimer lifted their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Citigroup increased their price objective on Deere & Company from $430.00 to $480.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Barclays upped their price objective on Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. StockNews.com lowered Deere & Company from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Morgan Stanley increased their target price on shares of Deere & Company from $401.00 to $450.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Deere & Company has a consensus rating of "Hold" and an average price target of $454.65.

Insider Buying and Selling at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the company'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 sale, the insider now owns 74,878 shares in the company, valued at $37,484,675.58. This represents a 24.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.29% of the company's stock.

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.