Deere & Company (NYSE:DE) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its holdings in Deere & Company (NYSE:DEFree Report) by 17.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,192 shares of the industrial products company’s stock after selling 22,766 shares during the quarter. Vontobel Holding Ltd.’s holdings in Deere & Company were worth $47,112,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DE. Pineridge Advisors LLC increased its holdings in Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 26 shares in the last quarter. Livelsberger Financial Advisory acquired a new stake in shares of Deere & Company in the third quarter valued at about $32,000. Modus Advisors LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth about $32,000. YANKCOM Partnership acquired a new position in shares of Deere & Company during the 4th quarter worth about $34,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Deere & Company during the 4th quarter worth about $35,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DE has been the subject of several research reports. Truist Financial boosted their price objective on Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. boosted their price target on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research report on Monday. Jefferies Financial Group downgraded Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective for the company. in a research note on Friday, December 6th. Morgan Stanley lifted their target price on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Finally, Citigroup reduced their target price on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $446.17.

Get Our Latest Analysis on Deere & Company

Deere & Company Trading Down 2.2 %

DE opened at $466.30 on Friday. The stock has a market capitalization of $127.00 billion, a PE ratio of 18.21, a P/E/G ratio of 2.87 and a beta of 0.98. Deere & Company has a one year low of $340.20 and a one year high of $485.84. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The business’s 50 day moving average price is $445.86 and its 200 day moving average price is $415.14.

Deere & Company (NYSE:DEGet Free Report) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. As a group, equities research analysts expect that Deere & Company will post 19.38 EPS for the current year.

Deere & Company Increases Dividend

The business also recently announced 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 represents a $6.48 annualized dividend and a yield of 1.39%. The ex-dividend date was Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio (DPR) is 25.31%.

Deere & Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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