Xponance Inc. Raises Holdings in Deere & Company (NYSE:DE)

Xponance Inc. raised its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,289 shares of the industrial products company's stock after acquiring an additional 1,251 shares during the period. Xponance Inc.'s holdings in Deere & Company were worth $16,647,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Robertson Stephens Wealth Management LLC lifted its position in shares of Deere & Company by 2.2% during 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 lifted its position in shares of Deere & Company by 0.3% during the 4th quarter. DLK Investment Management LLC now owns 8,212 shares of the industrial products company's stock valued at $3,479,000 after buying an additional 24 shares in the last quarter. Quent Capital LLC lifted its position in shares of Deere & Company by 2.8% during the 4th quarter. Quent Capital LLC now owns 889 shares of the industrial products company's stock valued at $377,000 after buying an additional 24 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Deere & Company by 0.3% during 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 buying an additional 24 shares in the last quarter. Finally, Douglas Lane & Associates LLC lifted its position in shares of Deere & Company by 4.7% during the 4th quarter. Douglas Lane & Associates LLC now owns 557 shares of the industrial products company's stock valued at $236,000 after buying an additional 25 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the company's 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 of the company's stock, valued at $37,484,675.58. This represents a 24.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DE. UBS Group lifted their price objective on Deere & Company from $404.00 to $462.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Robert W. Baird reissued a "neutral" rating and issued a $501.00 price target on shares of Deere & Company in a report on Monday, March 3rd. Jefferies Financial Group cut Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price target on the stock. in a report on Friday, December 6th. Evercore ISI upped their price objective on Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Finally, Argus set a $510.00 price objective on Deere & Company in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Deere & Company currently has a consensus rating of "Hold" and an average price target of $460.00.

Deere & Company Trading Down 1.1 %

Shares of NYSE DE traded down $5.12 during trading hours on Friday, hitting $471.90. 1,684,992 shares of the company traded hands, compared to its average volume of 1,362,443. The stock has a market capitalization of $128.08 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. The company's 50 day moving average price is $473.25 and its 200 day moving average price is $436.21. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05.

Deere & Company (NYSE:DE - Get Free Report) last released its earnings results 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 return on equity of 27.31% and a net margin of 12.94%. On average, equities research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company's dividend payout ratio (DPR) is presently 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.