Capital International Sarl Increases Position in Deere & Company (NYSE:DE)

Capital International Sarl increased its holdings in Deere & Company (NYSE:DE) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,282 shares of the industrial products company’s stock after acquiring an additional 1,675 shares during the quarter. Capital International Sarl’s holdings in Deere & Company were worth $8,170,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pineridge Advisors LLC boosted its stake in shares of Deere & Company by 60.5% during the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after buying an additional 26 shares during the last quarter. Modus Advisors LLC acquired a new stake in Deere & Company in the fourth quarter valued at $32,000. YANKCOM Partnership acquired a new stake in Deere & Company in the fourth quarter valued at $34,000. Synergy Asset Management LLC bought a new position in Deere & Company during the 4th quarter valued at $35,000. Finally, Sierra Ocean LLC acquired a new position in Deere & Company during the 4th quarter worth $44,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Insider Transactions at Deere & Company

In other Deere & Company 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 transaction, the insider now directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Oppenheimer increased their price target on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. UBS Group reduced their target price on Deere & Company from $462.00 to $440.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Truist Financial reiterated a “buy” rating and issued a $546.00 price target (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Evercore ISI raised their price objective on Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $501.00 target price on shares of Deere & Company in a research note on Monday, March 3rd. One research 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. Based on data from MarketBeat.com, Deere & Company has a consensus rating of “Hold” and a consensus target price of $459.89.

Deere & Company Trading Down 0.1 %

NYSE:DE opened at $452.06 on Friday. The business has a fifty day moving average of $469.77 and a 200-day moving average of $444.52. The stock has a market cap of $122.70 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 2.14 and a beta of 1.00. 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 1 year low of $340.20 and a 1 year high of $515.05.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company’s payout ratio is 28.72%.

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.