Stifel Financial Corp Has $178.15 Million Stock Position in Deere & Company (NYSE:DE)

Stifel Financial Corp cut its position in shares of Deere & Company (NYSE:DE - Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 420,362 shares of the industrial products company's stock after selling 9,257 shares during the period. Stifel Financial Corp owned 0.15% of Deere & Company worth $178,151,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DE. SkyView Investment Advisors LLC boosted 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 worth $458,000 after buying an additional 68 shares during the period. Pine Valley Investments Ltd Liability Co boosted its holdings in shares of Deere & Company by 13.9% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 9,879 shares of the industrial products company's stock worth $4,131,000 after buying an additional 1,205 shares during the period. Arvest Bank Trust Division bought a new stake in Deere & Company in the 3rd quarter valued at about $1,252,000. Wilmington Savings Fund Society FSB boosted its holdings in Deere & Company by 162.0% in 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 holdings in Deere & Company by 56.3% in 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. Institutional investors own 68.58% of the company's stock.

Deere & Company Price Performance

DE stock traded down $5.59 during trading on Friday, reaching $458.92. 983,357 shares of the company were exchanged, compared to its average volume of 1,423,235. The company has a 50-day moving average of $467.21 and a two-hundred day moving average of $446.72. The company has a market capitalization of $124.56 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 2.14 and a beta of 1.00. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. 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 (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (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, equities analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company's dividend payout ratio is 28.72%.

Insider Buying and Selling

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 74,878 shares in the company, 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 SEC, which can be accessed through this link. 0.29% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on DE shares. Morgan Stanley boosted their price objective on shares of Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a report on Wednesday, April 16th. Evercore ISI boosted their price objective on shares of Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. StockNews.com downgraded shares of Deere & Company from a "hold" rating to a "sell" rating in a report on Sunday, April 6th. Argus set a $510.00 price objective on shares of Deere & Company in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Deere & Company from $470.00 to $500.00 and gave the company a "neutral" rating in a report on Monday, February 10th. One investment 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $460.21.

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.