Deere & Company (NYSE:DE) Holdings Trimmed by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC cut its stake in shares of Deere & Company (NYSE:DE - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,728 shares of the industrial products company's stock after selling 1,158 shares during the quarter. Deere & Company comprises about 1.4% of Sustainable Insight Capital Management LLC's investment portfolio, making the stock its 21st largest position. Sustainable Insight Capital Management LLC's holdings in Deere & Company were worth $3,274,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Thrivent Financial for Lutherans raised its position in Deere & Company by 5.9% during the second quarter. Thrivent Financial for Lutherans now owns 31,298 shares of the industrial products company's stock worth $11,694,000 after acquiring an additional 1,740 shares during the last quarter. Public Sector Pension Investment Board raised its position in shares of Deere & Company by 80.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 9,171 shares of the industrial products company's stock worth $3,427,000 after purchasing an additional 4,091 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in Deere & Company by 10.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,537 shares of the industrial products company's stock valued at $577,000 after buying an additional 142 shares in the last quarter. AlTi Global Inc. grew its holdings in Deere & Company by 145.0% during the 2nd quarter. AlTi Global Inc. now owns 4,997 shares of the industrial products company's stock valued at $1,874,000 after buying an additional 2,957 shares during the last quarter. Finally, AXA S.A. increased its position in Deere & Company by 56.3% during the second quarter. AXA S.A. now owns 255,429 shares of the industrial products company's stock worth $95,436,000 after buying an additional 92,049 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DE. Barclays raised their target price on shares of Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. lifted their price objective on Deere & Company from $450.00 to $470.00 and gave the company a "neutral" rating in a research report on Wednesday, January 15th. UBS Group increased their target price on Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. Citigroup lowered their price target on Deere & Company from $470.00 to $430.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Finally, 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 research note on Friday, December 6th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Deere & Company presently has an average rating of "Hold" and a consensus price target of $442.83.

Deere & Company Stock Performance

Shares of NYSE:DE traded up $4.18 on Friday, reaching $478.90. 1,400,742 shares of the company's stock were exchanged, compared to its average volume of 1,406,863. The business's 50-day moving average is $436.95 and its two-hundred day moving average is $404.80. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $479.48. The firm has a market capitalization of $130.43 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 2.84 and a beta of 0.98.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts' consensus estimates of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The business had revenue of $9.28 billion for the quarter, compared to analysts' expectations of $9.20 billion. During the same period in the prior year, the firm earned $8.26 EPS. The business's quarterly revenue was down 32.8% on a year-over-year basis. As a group, equities research analysts forecast that Deere & Company will post 19.34 EPS for the current year.

Deere & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Deere & Company's previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a dividend yield of 1.35%. Deere & Company's payout ratio is currently 25.31%.

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.