Deere & Company (NYSE:DE) Shares Sold by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC trimmed its holdings in Deere & Company (NYSE:DE) by 0.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,081 shares of the industrial products company’s stock after selling 25 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Deere & Company were worth $4,271,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. QRG Capital Management Inc. lifted its stake in Deere & Company by 8.6% during the fourth quarter. QRG Capital Management Inc. now owns 32,539 shares of the industrial products company’s stock valued at $13,787,000 after purchasing an additional 2,569 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Deere & Company by 52,200.3% in the fourth quarter. Proficio Capital Partners LLC now owns 530,848 shares of the industrial products company’s stock valued at $224,920,000 after buying an additional 529,833 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Deere & Company by 0.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,124 shares of the industrial products company’s stock valued at $6,832,000 after acquiring an additional 115 shares during the last quarter. Kovack Advisors Inc. boosted its stake in shares of Deere & Company by 12.6% during the 4th quarter. Kovack Advisors Inc. now owns 2,114 shares of the industrial products company’s stock worth $896,000 after acquiring an additional 237 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Deere & Company by 1.7% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 105,100 shares of the industrial products company’s stock worth $44,531,000 after acquiring an additional 1,800 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Insider Buying and Selling

In related news, insider Rajesh Kalathur sold 24,580 shares of the business’s stock in a transaction that occurred 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 directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their position. The transaction 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.

Wall Street Analyst Weigh In

DE has been the subject of several analyst reports. Jefferies Financial Group downgraded Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a report on Friday, December 6th. StockNews.com lowered shares of Deere & Company from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. 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 report on Tuesday, January 28th. Truist Financial restated a “buy” rating and set a $546.00 price target (down previously from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Finally, Morgan Stanley raised their price objective 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. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $454.65.

Deere & Company Stock Up 0.5 %

DE opened at $480.69 on Friday. The company has a market capitalization of $130.92 billion, a PE ratio of 21.31, a price-to-earnings-growth 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 fifty-two week low of $340.20 and a fifty-two week high of $515.05. The business has a 50-day moving average of $456.00 and a 200-day moving average of $424.69.

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

Deere & Company Announces Dividend

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