Deutsche Bank AG Has $416.81 Million Stock Holdings in Deere & Company (NYSE:DE)

Deutsche Bank AG reduced its stake in shares of Deere & Company (NYSE:DE - Free Report) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 983,735 shares of the industrial products company's stock after selling 20,625 shares during the quarter. Deutsche Bank AG owned about 0.36% of Deere & Company worth $416,809,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in Deere & Company by 19.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company's stock valued at $2,792,082,000 after buying 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 buying an additional 157,224 shares during the period. FMR LLC raised its holdings 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 purchasing an additional 1,039,395 shares during the period. Geode Capital Management LLC raised its holdings in Deere & Company by 1.9% in 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 purchasing an additional 97,203 shares during the period. Finally, Norges Bank acquired a new stake in Deere & Company in the fourth quarter worth $1,244,094,000. 68.58% of the stock is owned by institutional investors.

Deere & Company Stock Performance

Shares of DE traded up $2.46 during mid-day trading on Monday, reaching $495.06. The company's stock had a trading volume of 1,597,150 shares, compared to its average volume of 1,417,634. 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 1-year low of $340.20 and a 1-year high of $515.05. The business has a 50-day simple moving average of $465.80 and a two-hundred day simple moving average of $451.49. The stock has a market cap of $134.37 billion, a P/E ratio of 21.94, a PEG ratio of 2.14 and a beta of 1.08.

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, beating 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%. As a group, equities research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Investors of record on Monday, March 31st were paid a $1.62 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.31%. Deere & Company's dividend payout ratio (DPR) is currently 28.72%.

Wall Street Analyst Weigh In

DE has been the topic of several analyst reports. Morgan Stanley increased their target price on shares of Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a report on Wednesday, April 16th. Oppenheimer increased their target price on shares of Deere & Company from $510.00 to $513.00 and gave the stock an "outperform" rating in a report on Tuesday, April 22nd. UBS Group dropped their price objective 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. Truist Financial restated a "buy" rating and set a $546.00 price objective (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Finally, Citigroup dropped their price objective on shares of Deere & Company from $480.00 to $450.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. One 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $460.21.

Insider Activity at Deere & Company

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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.29% of the stock is owned by company insiders.

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.