OneDigital Investment Advisors LLC Sells 911 Shares of Deere & Company (NYSE:DE)

OneDigital Investment Advisors LLC reduced its stake in shares of Deere & Company (NYSE:DE - Free Report) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,792 shares of the industrial products company's stock after selling 911 shares during the period. OneDigital Investment Advisors LLC's holdings in Deere & Company were worth $2,454,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DE. Wealth Dimensions Group Ltd. raised its holdings in shares of Deere & Company by 10.0% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 1,091 shares of the industrial products company's stock valued at $462,000 after buying an additional 99 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Deere & Company by 104.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,049 shares of the industrial products company's stock valued at $5,529,000 after purchasing an additional 6,661 shares during the period. Transatlantique Private Wealth LLC lifted its position in shares of Deere & Company by 4.9% during the fourth quarter. Transatlantique Private Wealth LLC now owns 4,922 shares of the industrial products company's stock worth $2,085,000 after purchasing an additional 228 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Deere & Company by 1.1% during the 4th quarter. MetLife Investment Management LLC now owns 67,308 shares of the industrial products company's stock valued at $28,518,000 after purchasing an additional 738 shares in the last quarter. Finally, Natixis purchased a new stake in Deere & Company during the 4th quarter worth $9,210,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Rajesh Kalathur sold 24,580 shares of the company's stock in a transaction 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 transaction, the insider now directly 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 document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.29% of the company's stock.

Deere & Company Stock Down 1.2 %

NYSE:DE traded down $5.59 during trading hours on Friday, reaching $458.92. The company's stock had a trading volume of 983,357 shares, compared to its average volume of 1,423,235. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The company has a market cap of $124.56 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The business's 50-day moving average is $467.21 and its 200-day moving average is $446.44.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, beating analysts' consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. Equities research analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Morgan Stanley increased their target price on Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. Evercore ISI increased their price objective on shares of Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. UBS Group dropped their target price on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Citigroup reduced their price target on shares of Deere & Company from $480.00 to $450.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Oppenheimer lifted their price target on Deere & Company from $510.00 to $513.00 and gave the stock an "outperform" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Deere & Company presently has a consensus rating of "Hold" and a consensus target price of $460.21.

Deere & Company 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.