Voya Investment Management LLC Purchases 253,270 Shares of Deere & Company (NYSE:DE)

Voya Investment Management LLC grew its stake in shares of Deere & Company (NYSE:DE - Free Report) by 212.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 372,345 shares of the industrial products company's stock after acquiring an additional 253,270 shares during the period. Voya Investment Management LLC owned 0.14% of Deere & Company worth $157,763,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Everence Capital Management Inc. increased its holdings in Deere & Company by 148.3% in the fourth quarter. Everence Capital Management Inc. now owns 12,223 shares of the industrial products company's stock worth $5,179,000 after buying an additional 7,300 shares during the last quarter. Compass Financial Services Inc bought a new position in shares of Deere & Company during the 4th quarter valued at $254,000. Czech National Bank raised its holdings in Deere & Company by 5.7% during the fourth quarter. Czech National Bank now owns 55,170 shares of the industrial products company's stock valued at $23,376,000 after buying an additional 2,964 shares in the last quarter. Banque Pictet & Cie SA raised its holdings in Deere & Company by 2.0% during the fourth quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company's stock valued at $33,165,000 after buying an additional 1,500 shares in the last quarter. Finally, Spectrum Financial Alliance Ltd LLC lifted its position in shares of Deere & Company by 2.9% in the fourth quarter. Spectrum Financial Alliance Ltd LLC now owns 49,613 shares of the industrial products company's stock worth $21,021,000 after buying an additional 1,407 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company's stock.

Deere & Company Price Performance

Shares of Deere & Company stock traded up $0.03 during midday trading on Tuesday, hitting $460.23. 420,566 shares of the company were exchanged, compared to its average volume of 1,448,422. The firm has a 50 day simple moving average of $466.23 and a 200-day simple moving average of $447.07. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The firm has a market cap of $124.91 billion, a P/E ratio of 20.40, a PEG ratio of 2.14 and a beta of 1.00. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05.

Deere & Company (NYSE:DE - Get Free Report) last announced 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 net margin of 12.94% and a return on equity of 27.31%. Research analysts forecast 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 will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be given a $1.62 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.41%. Deere & Company's payout ratio is 28.72%.

Analyst Upgrades and Downgrades

DE has been the topic of a number of recent analyst reports. Citigroup dropped their price target 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. Truist Financial restated a "buy" rating and set a $546.00 price target (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Baird R W lowered Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. 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. Finally, Morgan Stanley raised their target price on Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a report on Wednesday, April 16th. One investment 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. Based on data from MarketBeat, Deere & Company currently has a consensus rating of "Hold" and a consensus target price of $460.21.

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.