Deere & Company (NYSE:DE) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its position in Deere & Company (NYSE:DE) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 983,735 shares of the industrial products company’s stock after selling 20,625 shares during the period. Deutsche Bank AG owned approximately 0.36% of Deere & Company worth $416,809,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of DE. Pineridge Advisors LLC boosted its stake in shares of Deere & Company by 60.5% in the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after buying an additional 26 shares during the last quarter. YANKCOM Partnership purchased a new stake in Deere & Company in the 4th quarter worth approximately $34,000. Synergy Asset Management LLC purchased a new stake in Deere & Company in the 4th quarter worth approximately $35,000. Sierra Ocean LLC acquired a new stake in shares of Deere & Company during the 4th quarter worth approximately $44,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of Deere & Company during the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DE. Citigroup lowered their price target on shares of Deere & Company from $480.00 to $450.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. StockNews.com lowered shares of Deere & Company from a “hold” rating to a “sell” rating in a research note on Sunday, April 6th. Morgan Stanley lifted their price target on Deere & Company from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday, April 16th. Robert W. Baird reiterated a “neutral” rating and set a $501.00 price target on shares of Deere & Company in a research report on Monday, March 3rd. Finally, Evercore ISI boosted their price objective on Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $460.21.

Deere & Company Price Performance

Shares of NYSE DE opened at $490.50 on Friday. The firm has a 50-day simple moving average of $465.12 and a 200-day simple moving average of $450.33. 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 capitalization of $133.13 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05.

Deere & Company (NYSE:DE) last released its quarterly earnings data 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%. On average, equities analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Monday, March 31st were paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Monday, March 31st. Deere & Company’s dividend payout ratio (DPR) is currently 28.72%.

Insiders Place Their Bets

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the business’s 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 transaction, the insider now directly owns 74,878 shares in the company, valued at $37,484,675.58. The trade was 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 currently owned by corporate insiders.

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.