Insigneo Advisory Services LLC Cuts Holdings in Deere & Company (NYSE:DE)

Insigneo Advisory Services LLC decreased its position in Deere & Company (NYSE:DE) by 34.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,026 shares of the industrial products company’s stock after selling 1,042 shares during the period. Insigneo Advisory Services LLC’s holdings in Deere & Company were worth $858,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Pineridge Advisors LLC grew its position in Deere & Company by 60.5% during the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after buying an additional 26 shares during the period. Modus Advisors LLC purchased a new position in Deere & Company in the fourth quarter valued at about $32,000. YANKCOM Partnership bought a new position in shares of Deere & Company during the 4th quarter valued at approximately $34,000. Synergy Asset Management LLC purchased a new stake in shares of Deere & Company during the 4th quarter worth approximately $35,000. Finally, Sierra Ocean LLC bought a new stake in shares of Deere & Company in the 4th quarter worth approximately $44,000. Institutional investors own 68.58% of the company’s stock.

Insider Transactions at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction dated 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 completion of the transaction, the insider now directly owns 74,878 shares of the company’s stock, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on DE shares. 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 report on Monday, February 10th. Citigroup decreased their price objective on Deere & Company from $480.00 to $450.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Baird R W downgraded shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Evercore ISI lifted 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. Finally, UBS Group dropped their price target on shares of Deere & Company from $462.00 to $440.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $459.89.

Deere & Company Trading Down 1.9 %

Shares of NYSE DE opened at $452.69 on Thursday. 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. The firm has a 50-day moving average of $470.59 and a 200 day moving average of $444.04. The stock has a market cap of $122.87 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00.

Deere & Company (NYSE:DE) last released its earnings results 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%. As a group, sell-side analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company’s dividend payout ratio (DPR) is 28.72%.

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.