Keeler Thomas Management LLC Decreases Position in Deere & Company (NYSE:DE)

Keeler Thomas Management LLC decreased its stake in Deere & Company (NYSE:DE) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,410 shares of the industrial products company’s stock after selling 330 shares during the quarter. Deere & Company comprises 1.7% of Keeler Thomas Management LLC’s portfolio, making the stock its 27th biggest holding. Keeler Thomas Management LLC’s holdings in Deere & Company were worth $4,835,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Pineridge Advisors LLC increased 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 acquiring an additional 26 shares during the last quarter. Modus Advisors LLC purchased a new position in shares of Deere & Company during the 4th quarter worth about $32,000. YANKCOM Partnership purchased a new position in shares of Deere & Company during the 4th quarter worth about $34,000. Synergy Asset Management LLC bought a new position in Deere & Company during the 4th quarter valued at about $35,000. Finally, Continuum Advisory LLC raised its position in Deere & Company by 155.8% in the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares during the period. Institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Down 1.2 %

Shares of NYSE:DE opened at $484.24 on Tuesday. The business’s 50-day moving average is $452.99 and its 200 day moving average is $422.92. 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 firm has a market capitalization of $131.88 billion, a P/E ratio of 21.46, a P/E/G ratio of 2.14 and a beta of 0.98.

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

Deere & Company Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.62 per share. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date was Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.34%. Deere & Company’s dividend payout ratio is presently 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 stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the sale, the insider now owns 74,878 shares in the company, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on DE shares. Barclays boosted their target price on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Jefferies Financial Group cut Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective for the company. in a report on Friday, December 6th. UBS Group upped their price target on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Evercore ISI boosted their price objective on shares of Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Finally, Citigroup raised their target price on shares of Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $454.65.

About Deere & Company

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.