Deere & Company (NYSE:DE) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lessened its stake in shares of Deere & Company (NYSE:DE - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,973 shares of the industrial products company's stock after selling 1,505 shares during the quarter. Brown Advisory Inc.'s holdings in Deere & Company were worth $21,597,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Compass Financial Services Inc purchased a new position in Deere & Company during the fourth quarter worth about $254,000. Czech National Bank lifted its holdings in shares of Deere & Company by 5.7% during the 4th quarter. Czech National Bank now owns 55,170 shares of the industrial products company's stock worth $23,376,000 after acquiring an additional 2,964 shares during the period. Banque Pictet & Cie SA grew its holdings in Deere & Company by 2.0% in the fourth quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company's stock valued at $33,165,000 after purchasing an additional 1,500 shares during the period. Spectrum Financial Alliance Ltd LLC increased its position in Deere & Company by 2.9% during the fourth quarter. Spectrum Financial Alliance Ltd LLC now owns 49,613 shares of the industrial products company's stock worth $21,021,000 after purchasing an additional 1,407 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new position in Deere & Company during the fourth quarter worth approximately $847,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Up 0.5 %

NYSE DE traded up $2.34 during trading hours on Friday, reaching $492.33. 653,526 shares of the company traded hands, compared to its average volume of 1,416,913. The stock has a market capitalization of $133.63 billion, a PE ratio of 21.82, a PEG ratio of 2.14 and a beta of 1.08. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05. The company has a 50 day moving average of $465.80 and a two-hundred day moving average of $451.21.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS 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, equities analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Investors of record on Monday, March 31st were given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Monday, March 31st. Deere & Company's dividend payout ratio is currently 28.72%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DE. JPMorgan Chase & Co. boosted their price objective on shares of Deere & Company from $470.00 to $500.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Truist Financial restated a "buy" rating and set a $546.00 price target (down from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. StockNews.com cut Deere & Company from a "hold" rating to a "sell" rating in a report on Sunday, April 6th. UBS Group cut their price target on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Baird R W lowered shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $460.21.

Insider Buying and Selling

In other news, insider Rajesh Kalathur sold 24,580 shares of the company'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 transaction of $12,304,993.80. Following the completion of the transaction, the insider now directly owns 74,878 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is currently owned by company insiders.

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.