Greenwich Wealth Management LLC Sells 61 Shares of Deere & Company (NYSE:DE)

Greenwich Wealth Management LLC cut its stake in shares of Deere & Company (NYSE:DE) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 476 shares of the industrial products company’s stock after selling 61 shares during the period. Greenwich Wealth Management LLC’s holdings in Deere & Company were worth $202,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC lifted its position in shares of Deere & Company by 69.8% during the 3rd quarter. Empowered Funds LLC now owns 14,020 shares of the industrial products company’s stock worth $5,851,000 after buying an additional 5,764 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of Deere & Company by 9.3% in the 3rd quarter. Natixis Advisors LLC now owns 166,896 shares of the industrial products company’s stock worth $69,652,000 after purchasing an additional 14,137 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in Deere & Company during the third quarter valued at $204,000. Schear Investment Advisers LLC increased its position in Deere & Company by 16.5% in the third quarter. Schear Investment Advisers LLC now owns 2,249 shares of the industrial products company’s stock worth $939,000 after buying an additional 318 shares during the last quarter. Finally, Atlanta Consulting Group Advisors LLC bought a new stake in shares of Deere & Company in the third quarter valued at $344,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction that occurred on 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 directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on DE. UBS Group boosted their price target on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. lifted their price target on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Oppenheimer increased their price objective on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Baird R W downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, Jefferies Financial Group cut shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target on the stock. in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $460.00.

Deere & Company Stock Up 2.5 %

Shares of NYSE:DE opened at $478.67 on Monday. The stock’s 50-day moving average is $466.59 and its 200 day moving average is $433.63. The company has a market cap of $129.92 billion, a PE ratio of 21.22, a P/E/G ratio of 2.14 and a beta of 1.01. 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.

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 the consensus estimate 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 anticipate that Deere & Company will post 19.32 EPS for the current 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 dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company’s payout ratio is 28.72%.

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.