Deere & Company (NYSE:DE) Shares Sold by Kerrisdale Advisers LLC

Kerrisdale Advisers LLC decreased its holdings in Deere & Company (NYSE:DE - Free Report) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,238 shares of the industrial products company's stock after selling 1,260 shares during the quarter. Deere & Company comprises 1.2% of Kerrisdale Advisers LLC's investment portfolio, making the stock its 23rd largest holding. Kerrisdale Advisers LLC's holdings in Deere & Company were worth $3,490,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Everence Capital Management Inc. raised its position in Deere & Company by 148.3% during the 4th quarter. Everence Capital Management Inc. now owns 12,223 shares of the industrial products company's stock worth $5,179,000 after buying an additional 7,300 shares during the last quarter. Compass Financial Services Inc purchased a new position in Deere & Company during the 4th quarter worth $254,000. Czech National Bank raised its position in 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 buying an additional 2,964 shares during the last quarter. Banque Pictet & Cie SA raised its position in Deere & Company by 2.0% during the 4th quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company's stock worth $33,165,000 after buying an additional 1,500 shares during the last quarter. Finally, Spectrum Financial Alliance Ltd LLC raised its position in Deere & Company by 2.9% during the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 49,613 shares of the industrial products company's stock worth $21,021,000 after buying an additional 1,407 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DE. Oppenheimer upped their price objective on shares of Deere & Company from $510.00 to $513.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. Truist Financial restated a "buy" rating and set a $546.00 price objective (down previously from $550.00) on shares of Deere & Company in a research report on Friday, February 14th. Robert W. Baird restated a "neutral" rating and set a $501.00 price objective on shares of Deere & Company in a research report on Monday, March 3rd. Citigroup lowered their price target on shares of Deere & Company from $480.00 to $450.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Baird R W cut 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 given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Deere & Company presently has a consensus rating of "Hold" and a consensus target price of $460.21.

Deere & Company Stock Down 0.4 %

Deere & Company stock traded down $1.73 during trading on Tuesday, reaching $458.47. 401,508 shares of the company's stock were exchanged, compared to its average volume of 1,448,195. The company's 50-day moving average is $466.23 and its two-hundred day moving average is $447.07. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. Deere & Company has a 52-week low of $340.20 and a 52-week high of $515.05. The firm has a market cap of $124.43 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 2.14 and a beta of 1.00.

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

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be given a $1.62 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.41%. Deere & Company's payout ratio is currently 28.72%.

Insider Buying and Selling at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value 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 $37,484,675.58. This represents a 24.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.