Investment House LLC Has $6.85 Million Holdings in Deere & Company (NYSE:DE)

Investment House LLC cut its holdings in Deere & Company (NYSE:DE) by 8.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,172 shares of the industrial products company’s stock after selling 1,465 shares during the period. Investment House LLC’s holdings in Deere & Company were worth $6,852,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Harvest Fund Management Co. Ltd acquired a new position in shares of Deere & Company in the fourth quarter valued at about $124,000. Chesapeake Capital Corp IL bought a new stake in Deere & Company during the fourth quarter worth about $318,000. Xponance Inc. lifted its position in Deere & Company by 3.3% during the fourth quarter. Xponance Inc. now owns 39,289 shares of the industrial products company’s stock worth $16,647,000 after purchasing an additional 1,251 shares during the period. Generali Asset Management SPA SGR bought a new stake in Deere & Company during the fourth quarter worth about $3,177,000. Finally, Horizon Investments LLC lifted its position in Deere & Company by 2.9% during the fourth quarter. Horizon Investments LLC now owns 4,455 shares of the industrial products company’s stock worth $1,888,000 after purchasing an additional 124 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Down 0.2 %

Shares of NYSE DE opened at $481.21 on Wednesday. The company has a 50 day simple moving average of $469.24 and a 200 day simple moving average of $435.01. The firm has a market cap of $130.61 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. Deere & Company has a 1 year low of $340.20 and a 1 year high of $515.05. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (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%. On average, research analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

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

Insider Activity at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value of $12,304,993.80. Following the sale, the insider now directly owns 74,878 shares of the company’s stock, valued at approximately $37,484,675.58. This represents a 24.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.29% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Oppenheimer upped their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Jefferies Financial Group cut 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 report on Friday, December 6th. Morgan Stanley upped their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Argus set a $510.00 price objective on shares of Deere & Company in a research report on Friday, March 7th. Finally, StockNews.com cut shares of Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $460.00.

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.