Ellevest Inc. Has $255,000 Holdings in Deere & Company (NYSE:DE)

Ellevest Inc. lessened its position in shares of Deere & Company (NYSE:DE - Free Report) by 50.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 601 shares of the industrial products company's stock after selling 621 shares during the period. Ellevest Inc.'s holdings in Deere & Company were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DE. Ensign Peak Advisors Inc lifted its position in Deere & Company by 93.6% during the 4th quarter. Ensign Peak Advisors Inc now owns 175,572 shares of the industrial products company's stock valued at $74,390,000 after acquiring an additional 84,896 shares during the period. Ethic Inc. raised its holdings in Deere & Company by 20.5% in the fourth quarter. Ethic Inc. now owns 31,046 shares of the industrial products company's stock worth $13,154,000 after buying an additional 5,282 shares during the last quarter. Family Management Corp raised its holdings in Deere & Company by 4.6% in the fourth quarter. Family Management Corp now owns 9,954 shares of the industrial products company's stock worth $4,103,000 after buying an additional 436 shares during the last quarter. Clark Capital Management Group Inc. raised its holdings in Deere & Company by 11.5% in the fourth quarter. Clark Capital Management Group Inc. now owns 3,103 shares of the industrial products company's stock worth $1,315,000 after buying an additional 321 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in Deere & Company by 10.8% in the fourth quarter. EP Wealth Advisors LLC now owns 5,480 shares of the industrial products company's stock worth $2,322,000 after buying an additional 535 shares during the last quarter. Institutional investors own 68.58% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DE shares. Argus set a $510.00 target price on shares of Deere & Company in a report on Friday, March 7th. Truist Financial reiterated a "buy" rating and issued a $546.00 price target (down from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. Robert W. Baird reiterated a "neutral" rating and issued a $501.00 price target on shares of Deere & Company in a research note on Monday, March 3rd. JPMorgan Chase & Co. lifted their price target on shares of Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Finally, Oppenheimer lifted their price target on shares of Deere & Company from $510.00 to $513.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 22nd. Fourteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Deere & Company has a consensus rating of "Hold" and an average target price of $460.21.

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 of the company's stock, valued at $37,484,675.58. This represents a 24.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.29% of the company's stock.

Deere & Company Trading Down 0.4%

NYSE:DE traded down $1.86 during mid-day trading on Wednesday, reaching $496.71. The company's stock had a trading volume of 1,599,562 shares, compared to its average volume of 1,417,364. The stock has a market cap of $134.81 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.14 and a beta of 1.08. Deere & Company has a twelve month low of $340.20 and a twelve month 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. The company's fifty day simple moving average is $466.67 and its two-hundred day simple moving average is $452.43.

Deere & Company (NYSE:DE - Get Free Report) last released 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 return on equity of 27.31% and a net margin of 12.94%. On average, equities analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The business also recently disclosed 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. 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 1.30%. Deere & Company's dividend payout ratio is currently 28.72%.

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.