Asset Advisors Investment Management LLC Has $4.67 Million Stock Position in Deere & Company (NYSE:DE)

Asset Advisors Investment Management LLC lessened its holdings in Deere & Company (NYSE:DE) by 2.4% during the fourth quarter, HoldingsChannel reports. The fund owned 11,032 shares of the industrial products company’s stock after selling 274 shares during the quarter. Asset Advisors Investment Management LLC’s holdings in Deere & Company were worth $4,674,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Pineridge Advisors LLC boosted its holdings 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 purchasing an additional 26 shares during the last quarter. Modus Advisors LLC purchased a new position in shares of Deere & Company in the 4th quarter worth 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 position in Deere & Company in the fourth quarter valued at approximately $35,000. Finally, Continuum Advisory LLC grew its holdings in Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares during the period. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 1.2 %

Shares of DE opened at $489.98 on Monday. The firm has a market cap of $133.45 billion, a P/E ratio of 21.72, a P/E/G ratio of 2.14 and a beta of 0.98. 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 stock has a 50 day simple moving average of $452.07 and a two-hundred day simple moving average of $421.97.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping 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, analysts forecast 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 $1.62 dividend. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Tuesday, December 31st. Deere & Company’s payout ratio is 28.72%.

Insider Buying and Selling at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the completion of the sale, the insider now owns 74,878 shares of the company’s stock, valued at $37,484,675.58. This trade represents a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

DE has been the subject of several research reports. UBS Group increased their price target on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Citigroup lifted their target price on shares of Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Truist Financial restated a “buy” rating and set a $546.00 price target (down from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. StockNews.com downgraded shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Barclays boosted their target price on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Deere & Company presently has an average rating of “Hold” and an average target price of $454.65.

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.