DCF Advisers LLC Has $847,000 Stake in Deere & Company (NYSE:DE)

DCF Advisers LLC trimmed its holdings in shares of Deere & Company (NYSE:DE) by 55.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,000 shares of the industrial products company’s stock after selling 2,500 shares during the period. DCF Advisers LLC’s holdings in Deere & Company were worth $847,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares 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 worth $29,000 after buying an additional 26 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of Deere & Company in the fourth quarter valued at about $32,000. YANKCOM Partnership acquired a new stake in shares of Deere & Company in the fourth quarter valued at about $34,000. Synergy Asset Management LLC acquired a new stake in shares of Deere & Company in the fourth quarter valued at about $35,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Deere & Company in the fourth quarter valued at about $44,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Down 0.5 %

Shares of DE opened at $477.03 on Friday. The stock has a market cap of $129.47 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 2.14 and a beta of 1.01. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05. The company has a 50-day moving average price of $471.98 and a two-hundred day moving average price of $435.61.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (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%. Equities analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company 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 1.36%. The ex-dividend date is Monday, March 31st. Deere & Company’s dividend payout ratio (DPR) is currently 28.72%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DE. Baird R W downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Truist Financial reiterated a “buy” rating and issued a $546.00 target price (down previously from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. UBS Group increased their target price on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Citigroup increased their target price on shares of Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $501.00 target price on shares of Deere & Company in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Deere & Company currently has an average rating of “Hold” and a consensus price target of $460.00.

Insider Activity

In other news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction that occurred on 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 owns 74,878 shares in the company, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.