First Trust Advisors LP Has $76.76 Million Stock Position in Deere & Company (NYSE:DE)

First Trust Advisors LP trimmed its position in shares of Deere & Company (NYSE:DE - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 181,158 shares of the industrial products company's stock after selling 27,987 shares during the period. First Trust Advisors LP owned approximately 0.07% of Deere & Company worth $76,757,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DE. SkyView Investment Advisors LLC raised its holdings in shares of Deere & Company by 6.6% during the 3rd quarter. SkyView Investment Advisors LLC now owns 1,098 shares of the industrial products company's stock valued at $458,000 after buying an additional 68 shares during the period. Pine Valley Investments Ltd Liability Co increased its holdings in shares of Deere & Company by 13.9% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 9,879 shares of the industrial products company's stock valued at $4,131,000 after acquiring an additional 1,205 shares during the last quarter. Arvest Bank Trust Division bought a new stake in shares of Deere & Company in the 3rd quarter valued at approximately $1,252,000. Wilmington Savings Fund Society FSB boosted its position in Deere & Company by 162.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,563 shares of the industrial products company's stock valued at $8,999,000 after purchasing an additional 13,334 shares during the period. Finally, Tidal Investments LLC boosted its position in Deere & Company by 56.3% during the 3rd quarter. Tidal Investments LLC now owns 38,689 shares of the industrial products company's stock valued at $16,146,000 after purchasing an additional 13,934 shares during the period. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Price Performance

DE traded down $5.59 during midday trading on Friday, reaching $458.92. 983,357 shares of the company's stock were exchanged, compared to its average volume of 1,423,235. The firm has a market capitalization of $124.56 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The business has a 50-day simple moving average of $467.21 and a two-hundred day simple moving average of $446.72.

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, 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%. As a group, research analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

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

Insider Buying and Selling

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction on Tuesday, February 18th. The shares were 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 owns 74,878 shares of the company's stock, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DE has been the subject of a number of analyst reports. Baird R W lowered Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Oppenheimer lifted their price objective 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. JPMorgan Chase & Co. lifted their target price on shares of Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Truist Financial reissued a "buy" rating and issued a $546.00 target price (down from $550.00) on shares of Deere & Company in a research report on Friday, February 14th. Finally, Evercore ISI raised their price target 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. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Deere & Company has an average rating of "Hold" and an average target price of $460.21.

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.