Gotham Asset Management LLC Has $3.19 Million Stock Holdings in Deere & Company (NYSE:DE)

Gotham Asset Management LLC increased its stake in shares of Deere & Company (NYSE:DE - Free Report) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,526 shares of the industrial products company's stock after buying an additional 661 shares during the quarter. Gotham Asset Management LLC's holdings in Deere & Company were worth $3,189,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DE. Robertson Stephens Wealth Management LLC lifted its stake in shares of Deere & Company by 2.2% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company's stock worth $426,000 after buying an additional 22 shares during the last quarter. DLK Investment Management LLC lifted its stake in shares of Deere & Company by 0.3% in the fourth quarter. DLK Investment Management LLC now owns 8,212 shares of the industrial products company's stock worth $3,479,000 after buying an additional 24 shares during the last quarter. Quent Capital LLC lifted its stake in shares of Deere & Company by 2.8% in the fourth quarter. Quent Capital LLC now owns 889 shares of the industrial products company's stock worth $377,000 after buying an additional 24 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of Deere & Company by 0.3% in the fourth quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company's stock worth $3,398,000 after buying an additional 24 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. lifted its stake in shares of Deere & Company by 1.2% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 2,115 shares of the industrial products company's stock worth $896,000 after buying an additional 25 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the business's stock in a transaction on 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 sale, the insider now owns 74,878 shares in the company, valued at approximately $37,484,675.58. The trade was a 24.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.29% of the company's stock.

Deere & Company Stock Performance

Deere & Company stock traded up $15.47 on Friday, hitting $531.79. The company's stock had a trading volume of 2,322,036 shares, compared to its average volume of 1,416,780. The firm has a market cap of $144.34 billion, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The company has a fifty day moving average price of $468.29 and a 200-day moving average price of $454.67. Deere & Company has a one year low of $340.20 and a one year high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.72 by $0.92. The firm had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The business's revenue for the quarter was down 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.53 EPS. On average, equities analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Monday, March 31st were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Monday, March 31st. Deere & Company's dividend payout ratio (DPR) is presently 28.72%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DE. 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. Evercore ISI boosted their price objective on shares of Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Barclays boosted their price objective on shares of Deere & Company from $475.00 to $530.00 and gave the stock an "overweight" rating in a research note on Friday. JPMorgan Chase & Co. boosted their target price on shares of Deere & Company from $490.00 to $540.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Citigroup dropped their target price on shares of Deere & Company from $480.00 to $450.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $504.38.

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.