Deere & Company (NYSE:DE) Shares Sold by Bayesian Capital Management LP

Bayesian Capital Management LP cut its stake in Deere & Company (NYSE:DE - Free Report) by 76.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,384 shares of the industrial products company's stock after selling 7,748 shares during the quarter. Bayesian Capital Management LP's holdings in Deere & Company were worth $1,010,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in Deere & Company by 19.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company's stock worth $2,792,082,000 after purchasing an additional 1,095,736 shares during the period. Capital World Investors lifted its holdings in Deere & Company by 2.7% in the fourth quarter. Capital World Investors now owns 6,058,259 shares of the industrial products company's stock valued at $2,566,884,000 after acquiring an additional 157,224 shares during the last quarter. FMR LLC grew its position in Deere & Company by 22.9% in the fourth quarter. FMR LLC now owns 5,581,408 shares of the industrial products company's stock worth $2,364,843,000 after acquiring an additional 1,039,395 shares during the period. Geode Capital Management LLC increased its stake in Deere & Company by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 5,305,571 shares of the industrial products company's stock worth $2,247,216,000 after acquiring an additional 97,203 shares during the last quarter. Finally, Norges Bank purchased a new stake in Deere & Company in the fourth quarter valued at $1,244,094,000. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Stock Down 0.0 %

Shares of NYSE DE opened at $481.66 on Tuesday. The business has a 50-day moving average of $464.87 and a two-hundred day moving average of $449.41. The company has a market capitalization of $130.73 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. Deere & Company has a 1 year low of $340.20 and a 1 year high of $515.05. 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 posted its earnings results 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 return on equity of 27.31% and a net margin of 12.94%. On average, analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

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

Analyst Ratings Changes

DE has been the subject of a number of research analyst reports. StockNews.com cut Deere & Company from a "hold" rating to a "sell" rating in a report on Sunday, April 6th. JPMorgan Chase & Co. lifted their price target on shares of Deere & Company from $470.00 to $500.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Evercore ISI upped 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. Argus set a $510.00 target price on Deere & Company in a research report on Friday, March 7th. Finally, Citigroup lowered their price target 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. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Deere & Company currently has an average rating of "Hold" and an average target price of $460.21.

Insider Activity at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the firm'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 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.29% of the company's stock.

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.

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.