TD Waterhouse Canada Inc. Sells 584 Shares of Deere & Company (NYSE:DE)

TD Waterhouse Canada Inc. lessened its stake in Deere & Company (NYSE:DE - Free Report) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,215 shares of the industrial products company's stock after selling 584 shares during the period. TD Waterhouse Canada Inc.'s holdings in Deere & Company were worth $9,835,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its position in shares of Deere & Company by 104.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,049 shares of the industrial products company's stock valued at $5,529,000 after acquiring an additional 6,661 shares during the last quarter. Transatlantique Private Wealth LLC raised its position in shares of Deere & Company by 4.9% during the 4th quarter. Transatlantique Private Wealth LLC now owns 4,922 shares of the industrial products company's stock valued at $2,085,000 after acquiring an additional 228 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of Deere & Company by 1.1% during the 4th quarter. MetLife Investment Management LLC now owns 67,308 shares of the industrial products company's stock valued at $28,518,000 after acquiring an additional 738 shares during the last quarter. Natixis bought a new stake in shares of Deere & Company during the 4th quarter valued at $9,210,000. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Deere & Company by 50.7% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 22,531 shares of the industrial products company's stock valued at $9,546,000 after acquiring an additional 7,578 shares during the last quarter. Institutional investors own 68.58% of the company's stock.

Wall Street Analyst Weigh In

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

Deere & Company Stock Performance

DE traded down $5.59 during trading on Friday, hitting $458.92. The stock had a trading volume of 983,357 shares, compared to its average volume of 1,423,235. The company has a 50 day moving average price of $467.21 and a 200-day moving average price of $446.72. The firm has a market cap of $124.56 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 2.14 and a beta of 1.00. Deere & Company has a one year low of $340.20 and a one 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 released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.41%. Deere & Company's dividend payout ratio (DPR) is presently 28.72%.

Insider Activity at Deere & Company

In other 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 directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. This represents a 24.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

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.