Axa S.A. Decreases Stock Holdings in Deere & Company (NYSE:DE)

Axa S.A. reduced its position in shares of Deere & Company (NYSE:DE - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,824 shares of the industrial products company's stock after selling 12,613 shares during the period. Axa S.A.'s holdings in Deere & Company were worth $34,669,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DE. AlTi Global Inc. raised its position in Deere & Company by 0.6% during the 4th quarter. AlTi Global Inc. now owns 4,624 shares of the industrial products company's stock valued at $2,102,000 after purchasing an additional 27 shares during the last quarter. Alaethes Wealth LLC increased its stake in shares of Deere & Company by 0.9% during the fourth quarter. Alaethes Wealth LLC now owns 4,660 shares of the industrial products company's stock valued at $1,982,000 after buying an additional 40 shares during the period. South Plains Financial Inc. bought a new position in shares of Deere & Company during the fourth quarter valued at approximately $844,000. Blue Rock Wealth Management LLC purchased a new stake in Deere & Company in the fourth quarter worth $257,000. Finally, Eagle Strategies LLC boosted its holdings in Deere & Company by 5.8% in the fourth quarter. Eagle Strategies LLC now owns 1,505 shares of the industrial products company's stock valued at $638,000 after acquiring an additional 82 shares in the last quarter. 68.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on DE. Robert W. Baird reaffirmed a "neutral" rating and issued a $501.00 target price on shares of Deere & Company in a research report on Monday, March 3rd. Evercore ISI raised their price objective on shares of Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Baird R W downgraded Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Citigroup decreased their target price on Deere & Company from $480.00 to $450.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Morgan Stanley lifted their price target on Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Deere & Company currently has a consensus rating of "Hold" and an average target price of $460.21.

Insider Activity

In related news, insider Rajesh Kalathur sold 24,580 shares of the company's stock in a transaction 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 completion of the sale, the insider now owns 74,878 shares in the company, valued at approximately $37,484,675.58. This represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.29% of the company's stock.

Deere & Company Trading Up 0.3 %

Deere & Company stock opened at $481.40 on Friday. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The business's fifty day moving average is $464.80 and its 200 day moving average is $448.60. The stock has a market capitalization of $130.66 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. 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 (NYSE:DE - Get Free Report) last announced its quarterly 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, sell-side analysts predict 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. Shareholders of record on Monday, March 31st will be paid a dividend of $1.62 per share. The ex-dividend date 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 is presently 28.72%.

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.

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