Rathbones Group PLC Has $143.12 Million Stock Holdings in Deere & Company (NYSE:DE)

Rathbones Group PLC cut its holdings in Deere & Company (NYSE:DE) by 2.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 337,791 shares of the industrial products company’s stock after selling 9,344 shares during the quarter. Rathbones Group PLC’s holdings in Deere & Company were worth $143,122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Trek Financial LLC grew its holdings in Deere & Company by 23.1% in the fourth quarter. Trek Financial LLC now owns 3,459 shares of the industrial products company’s stock worth $1,465,000 after purchasing an additional 649 shares during the period. FMR LLC grew its stake in shares of Deere & Company by 22.9% in the 4th quarter. FMR LLC now owns 5,581,408 shares of the industrial products company’s stock valued at $2,364,843,000 after buying an additional 1,039,395 shares during the period. Ilmarinen Mutual Pension Insurance Co grew its stake in shares of Deere & Company by 45.1% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 40,197 shares of the industrial products company’s stock valued at $17,031,000 after buying an additional 12,500 shares during the period. Hurley Capital LLC bought a new position in Deere & Company in the fourth quarter worth approximately $135,000. Finally, Wedbush Securities Inc. grew its stake in Deere & Company by 2.8% in the fourth quarter. Wedbush Securities Inc. now owns 9,427 shares of the industrial products company’s stock valued at $3,994,000 after acquiring an additional 256 shares during the period. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Trading Down 3.8 %

Shares of DE opened at $430.25 on Monday. 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 has a 1-year low of $340.20 and a 1-year high of $515.05. The company has a market capitalization of $116.78 billion, a P/E ratio of 19.07, a P/E/G ratio of 2.14 and a beta of 1.00. The firm’s 50 day simple moving average is $476.55 and its 200 day simple moving average is $442.38.

Deere & Company (NYSE:DE) last released its 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 return on equity of 27.31% and a net margin of 12.94%. Sell-side analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company’s dividend payout ratio (DPR) is presently 28.72%.

Insider Activity at Deere & Company

In related 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 transaction of $12,304,993.80. Following the transaction, the insider now owns 74,878 shares in the company, valued at $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 available through this hyperlink. 0.29% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Oppenheimer increased their target price on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. StockNews.com lowered Deere & Company from a “hold” rating to a “sell” rating in a research report on Sunday. Robert W. Baird restated a “neutral” rating and set a $501.00 price objective on shares of Deere & Company in a research note on Monday, March 3rd. Evercore ISI upped 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, Argus set a $510.00 price target on shares of Deere & Company in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Deere & Company has a consensus rating of “Hold” and an average 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.