Winslow Asset Management Inc. Sells 355 Shares of Deere & Company (NYSE:DE)

Winslow Asset Management Inc. decreased its stake in shares of Deere & Company (NYSE:DE) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,646 shares of the industrial products company’s stock after selling 355 shares during the period. Winslow Asset Management Inc.’s holdings in Deere & Company were worth $7,053,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Pineridge Advisors LLC grew its position in Deere & Company by 60.5% in the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 26 shares in the last quarter. Modus Advisors LLC bought a new position in Deere & Company in the fourth quarter valued at $32,000. YANKCOM Partnership bought a new position in Deere & Company in the fourth quarter valued at $34,000. Synergy Asset Management LLC bought a new position in Deere & Company in the fourth quarter valued at $35,000. Finally, Continuum Advisory LLC grew its position in Deere & Company by 155.8% in 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 in the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 0.1 %

Shares of NYSE DE opened at $480.25 on Monday. The firm has a market cap of $130.80 billion, a PE ratio of 21.29, a P/E/G ratio of 2.14 and a beta of 0.98. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05. The company’s fifty day simple moving average is $456.95 and its 200 day simple moving average is $426.68. 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 (NYSE:DE) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, topping 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%. As a group, sell-side analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.35%. Deere & Company’s dividend payout ratio (DPR) is presently 28.72%.

Insider Buying and Selling

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the completion of the transaction, the insider now owns 74,878 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Evercore ISI increased their price target on shares of Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Citigroup increased their price target 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. Barclays raised their target price on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. StockNews.com cut shares of Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Oppenheimer raised their target price on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Deere & Company presently has an average rating of “Hold” and an average price target of $454.65.

Deere & 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.