Deere & Company (NYSE:DE) Position Trimmed by Johnson Financial Group Inc.

Johnson Financial Group Inc. lowered its position in shares of Deere & Company (NYSE:DE - Free Report) by 61.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 667 shares of the industrial products company's stock after selling 1,058 shares during the quarter. Johnson Financial Group Inc.'s holdings in Deere & Company were worth $283,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Robertson Stephens Wealth Management LLC raised its stake in Deere & Company by 2.2% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company's stock valued at $426,000 after acquiring an additional 22 shares during the period. DLK Investment Management LLC increased its position 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 purchasing an additional 24 shares during the period. Quent Capital LLC boosted its stake in Deere & Company by 2.8% in the fourth quarter. Quent Capital LLC now owns 889 shares of the industrial products company's stock valued at $377,000 after buying an additional 24 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in Deere & Company by 0.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company's stock valued at $3,398,000 after buying an additional 24 shares during the last quarter. Finally, Douglas Lane & Associates LLC increased its position in Deere & Company by 4.7% in the 4th quarter. Douglas Lane & Associates LLC now owns 557 shares of the industrial products company's stock valued at $236,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 68.58% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DE shares. Oppenheimer lifted their price target on shares of Deere & Company from $510.00 to $513.00 and gave the company an "outperform" rating in a research note on Tuesday, April 22nd. Baird R W cut shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. 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 note on Tuesday, April 8th. Morgan Stanley upped their price target on shares of Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. Finally, Truist Financial restated a "buy" rating and set a $546.00 target price (down previously from $550.00) on shares of Deere & Company in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $460.21.

Deere & Company Stock Up 3.8 %

Shares of NYSE DE traded up $17.45 during midday trading on Thursday, hitting $481.01. 1,855,262 shares of the company's stock were exchanged, compared to its average volume of 1,420,960. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. The company has a market cap of $130.55 billion, a PE ratio of 21.32, a P/E/G ratio of 2.14 and a beta of 1.00. The firm's fifty day simple moving average is $464.99 and its 200-day simple moving average is $447.28.

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

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be given a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.35%. Deere & Company's dividend payout ratio is presently 28.72%.

Insider Buying and Selling

In other news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction that occurred 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 sale, the insider now owns 74,878 shares in the company, valued at $37,484,675.58. This trade represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.29% of the company's stock.

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.