Van Lanschot Kempen Investment Management N.V. Sells 38,108 Shares of Deere & Company (NYSE:DE)

Van Lanschot Kempen Investment Management N.V. trimmed its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 32.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 79,731 shares of the industrial products company's stock after selling 38,108 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Deere & Company were worth $33,782,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Robertson Stephens Wealth Management LLC raised its position in shares of Deere & Company by 2.2% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company's stock valued at $426,000 after buying an additional 22 shares in the last quarter. DLK Investment Management LLC raised its position in Deere & Company by 0.3% during the fourth quarter. DLK Investment Management LLC now owns 8,212 shares of the industrial products company's stock valued at $3,479,000 after purchasing an additional 24 shares in the last quarter. Quent Capital LLC lifted its stake in Deere & Company by 2.8% during the fourth quarter. Quent Capital LLC now owns 889 shares of the industrial products company's stock worth $377,000 after purchasing an additional 24 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of Deere & Company by 0.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company's stock valued at $3,398,000 after purchasing an additional 24 shares in the last quarter. Finally, Douglas Lane & Associates LLC increased its stake in shares of Deere & Company by 4.7% in the 4th quarter. Douglas Lane & Associates LLC now owns 557 shares of the industrial products company's stock valued at $236,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Insider Activity

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the transaction, the insider now directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.29% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on DE shares. Baird R W downgraded Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Evercore ISI raised their price target 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 lowered their price objective 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. Argus set a $510.00 target price on shares of Deere & Company in a research report on Friday, March 7th. Finally, Truist Financial reiterated a "buy" rating and set a $546.00 price target (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. One 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's stock. According to MarketBeat.com, Deere & Company presently has a consensus rating of "Hold" and a consensus target price of $460.21.

Deere & Company Trading Down 1.2 %

Deere & Company stock traded down $5.59 during trading hours on Friday, reaching $458.92. 983,357 shares of the company's stock were exchanged, compared to its average volume of 1,421,118. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The firm's 50 day simple moving average is $468.06 and its 200 day simple moving average is $445.75. The firm has a market capitalization of $124.56 billion, a PE ratio of 20.34, a PEG ratio of 2.14 and a beta of 1.00.

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

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders 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 1.41%. Deere & Company's payout ratio is currently 28.72%.

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.