Vaughan David Investments LLC IL Sells 891 Shares of Deere & Company (NYSE:DE)

Vaughan David Investments LLC IL lessened its position in shares of Deere & Company (NYSE:DE - Free Report) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 168,783 shares of the industrial products company's stock after selling 891 shares during the quarter. Deere & Company comprises about 1.7% of Vaughan David Investments LLC IL's investment portfolio, making the stock its 7th largest position. Vaughan David Investments LLC IL owned approximately 0.06% of Deere & Company worth $71,513,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DE. Pineridge Advisors LLC increased its holdings in Deere & Company by 60.5% in the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 26 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of Deere & Company in the fourth quarter worth about $32,000. YANKCOM Partnership bought a new stake in shares of Deere & Company in the fourth quarter worth about $34,000. Synergy Asset Management LLC bought a new stake in shares of Deere & Company in the fourth quarter worth about $35,000. Finally, Sierra Ocean LLC bought a new stake in shares of Deere & Company in the fourth quarter worth about $44,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Insiders Place Their Bets

In other news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the transaction, the insider now 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company's stock.

Deere & Company Stock Performance

NYSE:DE opened at $484.24 on Tuesday. The stock has a market cap of $131.88 billion, a P/E ratio of 21.46, a PEG ratio of 2.14 and a beta of 0.98. The stock has a 50 day simple moving average of $452.99 and a 200 day simple moving average of $422.92. 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 released its quarterly earnings results 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 return on equity of 27.31% and a net margin of 12.94%. Research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Tuesday, December 31st. This is a positive change from Deere & Company's previous quarterly dividend of $1.47. Deere & Company's dividend payout ratio (DPR) is 28.72%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Evercore ISI increased their price target on Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Truist Financial restated a "buy" rating and issued a $546.00 price target (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Jefferies Financial Group downgraded Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price target for the company. in a report on Friday, December 6th. Barclays increased their price objective on Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Finally, StockNews.com downgraded Deere & Company from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $454.65.

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.

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