Glenview Trust co Decreases Position in Deere & Company (NYSE:DE)

Glenview Trust co decreased its position in Deere & Company (NYSE:DE) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,345 shares of the industrial products company’s stock after selling 187 shares during the period. Glenview Trust co’s holdings in Deere & Company were worth $16,670,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DE. Patten & Patten Inc. TN grew its stake in shares of Deere & Company by 3.8% during the 4th quarter. Patten & Patten Inc. TN now owns 2,206 shares of the industrial products company’s stock worth $935,000 after acquiring an additional 81 shares during the period. Harbour Investments Inc. lifted its holdings in Deere & Company by 1.2% during the fourth quarter. Harbour Investments Inc. now owns 5,622 shares of the industrial products company’s stock valued at $2,382,000 after purchasing an additional 65 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in Deere & Company by 1.1% during the fourth quarter. Corient Private Wealth LLC now owns 382,146 shares of the industrial products company’s stock valued at $161,917,000 after purchasing an additional 4,214 shares during the last quarter. Gitterman Wealth Management LLC boosted its position in Deere & Company by 68.6% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,379 shares of the industrial products company’s stock worth $584,000 after purchasing an additional 561 shares during the period. Finally, one8zero8 LLC purchased a new position in shares of Deere & Company in the fourth quarter worth about $504,000. 68.58% of the stock is owned by institutional investors.

Deere & Company Price Performance

Shares of Deere & Company stock opened at $478.67 on Friday. The firm has a market capitalization of $129.92 billion, a PE ratio of 21.22, 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. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05. The business’s 50-day moving average price is $466.59 and its 200-day moving average price is $433.24.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. Sell-side analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.35%. The ex-dividend date is Monday, March 31st. Deere & Company’s dividend payout ratio is presently 28.72%.

Insider Buying and Selling at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction dated 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. The trade was a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Argus set a $510.00 price target on shares of Deere & Company in a research note on Friday, March 7th. Evercore ISI raised 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. Citigroup boosted their price objective on Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. raised their target price on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Finally, UBS Group upped their price target on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $460.00.

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.