Janus Henderson Group PLC Sells 123,176 Shares of Deere & Company (NYSE:DE)

Janus Henderson Group PLC cut its holdings in Deere & Company (NYSE:DE - Free Report) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,031,771 shares of the industrial products company's stock after selling 123,176 shares during the period. Janus Henderson Group PLC owned 0.75% of Deere & Company worth $860,868,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Compass Financial Services Inc bought a new stake in Deere & Company during the fourth quarter valued at about $254,000. Czech National Bank increased its holdings in Deere & Company by 5.7% in the 4th quarter. Czech National Bank now owns 55,170 shares of the industrial products company's stock worth $23,376,000 after acquiring an additional 2,964 shares in the last quarter. Banque Pictet & Cie SA raised its stake 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 acquiring an additional 1,500 shares during the period. Spectrum Financial Alliance Ltd LLC lifted its holdings in Deere & Company by 2.9% during the fourth quarter. Spectrum Financial Alliance Ltd LLC now owns 49,613 shares of the industrial products company's stock valued at $21,021,000 after purchasing an additional 1,407 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Deere & Company in the fourth quarter worth approximately $847,000. Hedge funds and other institutional investors own 68.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DE. Robert W. Baird restated a "neutral" rating and set a $501.00 target price on shares of Deere & Company in a research note on Monday, March 3rd. Evercore ISI boosted their price objective on Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Baird R W cut Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. StockNews.com cut Deere & Company from a "hold" rating to a "sell" rating in a report on Sunday, April 6th. Finally, UBS Group cut their price objective on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating for the company in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $460.21.

Deere & Company Stock Performance

NYSE:DE opened at $492.33 on Friday. 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 fifty-two week low of $340.20 and a fifty-two week high of $515.05. The firm has a market capitalization of $133.63 billion, a PE ratio of 21.82, a PEG ratio of 2.14 and a beta of 1.08. The stock's fifty day moving average is $465.80 and its 200 day moving average is $451.21.

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

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Investors of record on Monday, March 31st were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Monday, March 31st. Deere & Company's dividend payout ratio (DPR) is presently 28.72%.

Insiders Place Their Bets

In other Deere & Company 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 owns 74,878 shares in the company, valued at $37,484,675.58. This represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by company 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.

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.