Level Four Advisory Services LLC Lowers Holdings in Deere & Company (NYSE:DE)

Level Four Advisory Services LLC lowered its holdings in Deere & Company (NYSE:DE) by 5.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,809 shares of the industrial products company’s stock after selling 110 shares during the period. Level Four Advisory Services LLC’s holdings in Deere & Company were worth $766,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DE. Everence Capital Management Inc. boosted its stake in shares of Deere & Company by 148.3% in the 4th quarter. Everence Capital Management Inc. now owns 12,223 shares of the industrial products company’s stock valued at $5,179,000 after buying an additional 7,300 shares during the period. Compass Financial Services Inc purchased a new position in Deere & Company in the fourth quarter worth approximately $254,000. Toronto Dominion Bank grew its holdings in Deere & Company by 1.5% during the 3rd quarter. Toronto Dominion Bank now owns 86,952 shares of the industrial products company’s stock worth $36,288,000 after acquiring an additional 1,291 shares in the last quarter. Czech National Bank increased its position in shares of Deere & Company by 5.7% in the 4th quarter. Czech National Bank now owns 55,170 shares of the industrial products company’s stock valued at $23,376,000 after purchasing an additional 2,964 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Deere & Company in the 3rd quarter valued at $86,337,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DE has been the subject of a number of analyst reports. Evercore ISI boosted their target price on shares of Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Argus set a $510.00 price objective on Deere & Company in a report on Friday, March 7th. JPMorgan Chase & Co. upped their price target on Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Robert W. Baird reissued a “neutral” rating and set a $501.00 price objective on shares of Deere & Company in a report on Monday, March 3rd. Finally, Truist Financial restated a “buy” rating and set a $546.00 price objective (down previously from $550.00) on shares of Deere & Company in a research report on Friday, February 14th. Fourteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Deere & Company presently has an average rating of “Hold” and a consensus target price of $460.00.

Deere & Company Trading Down 3.0 %

NYSE:DE opened at $465.27 on Monday. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05. 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 stock’s 50 day simple moving average is $477.28 and its 200-day simple moving average is $440.12. The firm has a market cap of $126.28 billion, a P/E ratio of 20.62, a PEG ratio of 2.14 and a beta of 1.01.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. Equities analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be given 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 1.39%. Deere & Company’s payout ratio is currently 28.72%.

Insider Buying and Selling at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.29% of the stock is owned by corporate insiders.

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.