Mendel Money Management Has $4.34 Million Stake in Deere & Company (NYSE:DE)

Mendel Money Management cut its holdings in Deere & Company (NYSE:DE) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,238 shares of the industrial products company’s stock after selling 318 shares during the period. Deere & Company makes up approximately 1.9% of Mendel Money Management’s portfolio, making the stock its 16th biggest position. Mendel Money Management’s holdings in Deere & Company were worth $4,338,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Excalibur Management Corp increased its stake in Deere & Company by 2.2% in the fourth quarter. Excalibur Management Corp now owns 2,314 shares of the industrial products company’s stock valued at $980,000 after purchasing an additional 49 shares in the last quarter. Ausdal Financial Partners Inc. grew its stake in shares of Deere & Company by 0.8% in the 4th quarter. Ausdal Financial Partners Inc. now owns 8,961 shares of the industrial products company’s stock valued at $3,797,000 after buying an additional 68 shares during the period. Morey & Quinn Wealth Partners LLC bought a new stake in Deere & Company in the 4th quarter valued at about $1,033,000. Murphy & Mullick Capital Management Corp bought a new position in Deere & Company in the fourth quarter worth approximately $878,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in Deere & Company by 0.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 178,456 shares of the industrial products company’s stock valued at $75,612,000 after purchasing an additional 1,234 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

DE has been the topic of a number of research analyst reports. Argus set a $510.00 target price on Deere & Company in a research note on Friday, March 7th. Jefferies Financial Group lowered shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a research report on Friday, December 6th. Evercore ISI lifted their price target on shares of Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Robert W. Baird reissued a “neutral” rating and issued a $501.00 target price on shares of Deere & Company in a research report on Monday, March 3rd. Finally, Citigroup upped their price target on Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $460.00.

Deere & Company Stock Down 0.1 %

DE opened at $479.70 on Wednesday. The business’s fifty day simple moving average is $475.21 and its 200 day simple moving average is $438.25. Deere & Company has a 52 week low of $340.20 and a 52 week 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 stock has a market cap of $130.20 billion, a PE ratio of 21.26, a P/E/G ratio of 2.14 and a beta of 1.01.

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%. As a group, research analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business 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. The ex-dividend date of this dividend 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 currently 28.72%.

Insider Buying and Selling at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

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.