OneDigital Investment Advisors LLC Has $2.45 Million Position in Deere & Company (NYSE:DE)

OneDigital Investment Advisors LLC trimmed its stake in Deere & Company (NYSE:DE - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,792 shares of the industrial products company's stock after selling 911 shares during the period. OneDigital Investment Advisors LLC's holdings in Deere & Company were worth $2,454,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DE. Robertson Stephens Wealth Management LLC increased its holdings in 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 valued at $426,000 after buying an additional 22 shares during the last quarter. DLK Investment Management LLC increased its holdings in shares of Deere & Company by 0.3% in the 4th quarter. DLK Investment Management LLC now owns 8,212 shares of the industrial products company's stock valued at $3,479,000 after acquiring an additional 24 shares during the last quarter. Quent Capital LLC raised its position in shares of Deere & Company by 2.8% during the 4th quarter. Quent Capital LLC now owns 889 shares of the industrial products company's stock valued at $377,000 after acquiring an additional 24 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in Deere & Company by 0.3% during the fourth quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company's stock worth $3,398,000 after purchasing an additional 24 shares during the last quarter. Finally, Douglas Lane & Associates LLC boosted its holdings in Deere & Company by 4.7% in the fourth quarter. Douglas Lane & Associates LLC now owns 557 shares of the industrial products company's stock worth $236,000 after purchasing an additional 25 shares during the period. 68.58% of the stock is owned by institutional investors.

Deere & Company Price Performance

DE stock traded up $0.07 during trading hours on Tuesday, hitting $460.27. 345,507 shares of the stock traded hands, compared to its average volume of 1,416,344. The stock has a 50-day simple moving average of $466.23 and a 200 day simple moving average of $447.07. The company has a market cap of $124.92 billion, a P/E ratio of 20.37, a P/E/G ratio of 2.14 and a beta of 1.00. The company has a current ratio of 2.22, a quick ratio of 1.98 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.

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

Deere & Company Announces Dividend

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

Wall Street Analysts Forecast Growth

DE has been the topic of a number of research reports. Evercore ISI increased their target price 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. Truist Financial reaffirmed a "buy" rating and set a $546.00 price objective (down previously from $550.00) on shares of Deere & Company in a research report on Friday, February 14th. Argus set a $510.00 target price on Deere & Company in a research note on Friday, March 7th. Morgan Stanley increased their price target on Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th. Finally, StockNews.com lowered Deere & Company from a "hold" rating to a "sell" rating in a research report on Sunday, April 6th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Deere & Company presently has a consensus rating of "Hold" and a consensus target price of $460.21.

Insider Activity

In related news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value 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 approximately $37,484,675.58. This represents a 24.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is owned by company insiders.

About Deere & Company

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.