Deere & Company (NYSE:DE) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group lifted its holdings in Deere & Company (NYSE:DE - Free Report) by 17.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 339,906 shares of the industrial products company's stock after purchasing an additional 50,327 shares during the period. Schroder Investment Management Group owned approximately 0.12% of Deere & Company worth $143,787,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DE. Everence Capital Management Inc. raised its position in Deere & Company by 148.3% in the 4th quarter. Everence Capital Management Inc. now owns 12,223 shares of the industrial products company's stock valued at $5,179,000 after purchasing an additional 7,300 shares in the last quarter. Compass Financial Services Inc acquired a new stake in Deere & Company in the fourth quarter valued at approximately $254,000. Toronto Dominion Bank raised its holdings in Deere & Company by 1.5% in the third quarter. Toronto Dominion Bank now owns 86,952 shares of the industrial products company's stock valued at $36,288,000 after acquiring an additional 1,291 shares in the last quarter. Czech National Bank lifted its stake in Deere & Company by 5.7% in the fourth quarter. Czech National Bank now owns 55,170 shares of the industrial products company's stock worth $23,376,000 after acquiring an additional 2,964 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Deere & Company during the 3rd quarter worth approximately $86,337,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DE. Citigroup raised their price objective 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. Baird R W downgraded Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Argus set a $510.00 price objective on Deere & Company in a research report on Friday, March 7th. Oppenheimer raised their target price on Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Finally, StockNews.com raised Deere & Company from a "sell" rating to a "hold" rating in a report on Saturday, March 29th. Fourteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $460.00.

Insider Buying and Selling at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the firm'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 completion of the sale, the insider now owns 74,878 shares in the company, valued at $37,484,675.58. This trade represents 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 currently owned by corporate insiders.

Deere & Company Stock Performance

Shares of DE traded down $15.52 during mid-day trading on Friday, hitting $431.93. 1,349,128 shares of the company's stock were exchanged, compared to its average volume of 1,407,839. 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 fifty-two week low of $340.20 and a fifty-two week high of $515.05. The business's 50 day moving average is $477.52 and its two-hundred day moving average is $441.54. The firm has a market capitalization of $117.23 billion, a P/E ratio of 19.19, a P/E/G ratio of 2.14 and a beta of 1.01.

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 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%. On average, equities analysts expect 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. Investors of record on Monday, March 31st will be given a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.50%. Deere & Company's dividend payout ratio (DPR) 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.