Northcape Wealth Management LLC Sells 630 Shares of Deere & Company (NYSE:DE)

Northcape Wealth Management LLC cut its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,930 shares of the industrial products company's stock after selling 630 shares during the quarter. Northcape Wealth Management LLC's holdings in Deere & Company were worth $2,936,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DE. Resonant Capital Advisors LLC acquired a new position in shares of Deere & Company in the 3rd quarter valued at approximately $206,000. Vest Financial LLC raised its position in Deere & Company by 196.4% during the third quarter. Vest Financial LLC now owns 2,030 shares of the industrial products company's stock valued at $847,000 after purchasing an additional 1,345 shares in the last quarter. Ledyard National Bank lifted its stake in Deere & Company by 3.3% during the third quarter. Ledyard National Bank now owns 1,231 shares of the industrial products company's stock worth $514,000 after purchasing an additional 39 shares during the last quarter. Calton & Associates Inc. bought a new stake in Deere & Company during the third quarter worth $270,000. Finally, Fortis Group Advisors LLC boosted its holdings in shares of Deere & Company by 357.8% in the 3rd quarter. Fortis Group Advisors LLC now owns 618 shares of the industrial products company's stock valued at $258,000 after purchasing an additional 483 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Insider Transactions at Deere & Company

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

Deere & Company Trading Down 1.2 %

NYSE:DE traded down $5.81 on Friday, reaching $489.98. 1,102,183 shares of the stock traded hands, compared to its average volume of 1,465,614. The firm has a market capitalization of $133.45 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 2.20 and a beta of 0.98. The company's 50 day moving average is $451.08 and its 200-day moving average is $419.90. 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 1-year low of $340.20 and a 1-year high of $515.05.

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 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%. Equities research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st were given a $1.62 dividend. The ex-dividend date was Tuesday, December 31st. This is a positive change from Deere & Company's previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a dividend yield of 1.32%. Deere & Company's dividend payout ratio (DPR) is 28.72%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DE shares. UBS Group upped their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. Jefferies Financial Group cut shares of Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 target price for the company. in a report on Friday, December 6th. Citigroup lifted their price target on shares of Deere & Company from $430.00 to $480.00 and gave the company a "neutral" rating in a report on Friday, February 14th. 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. Finally, Barclays raised their target price on shares of Deere & Company from $400.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Deere & Company has an average rating of "Hold" and an average target price of $454.65.

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.