Integral Investment Advisors Inc. Sells 160 Shares of Deere & Company (NYSE:DE)

Integral Investment Advisors Inc. cut its holdings in Deere & Company (NYSE:DE) by 6.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,313 shares of the industrial products company’s stock after selling 160 shares during the period. Integral Investment Advisors Inc.’s holdings in Deere & Company were worth $980,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of DE. Pineridge Advisors LLC boosted its holdings in shares of Deere & Company by 60.5% in the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 26 shares during the period. Modus Advisors LLC purchased a new stake in shares of Deere & Company in the fourth quarter worth about $32,000. YANKCOM Partnership purchased a new stake in shares of Deere & Company in the fourth quarter worth about $34,000. Synergy Asset Management LLC bought a new position in shares of Deere & Company in the fourth quarter valued at approximately $35,000. Finally, Sierra Ocean LLC purchased a new position in Deere & Company during the fourth quarter valued at approximately $44,000. 68.58% of the stock is owned by institutional investors.

Deere & Company Trading Down 1.2 %

NYSE DE opened at $489.98 on Friday. 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 1-year low of $340.20 and a 1-year high of $515.05. The stock has a 50-day moving average of $452.07 and a 200-day moving average of $421.43. The firm has a market cap of $133.45 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.14 and a beta of 0.98.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 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%. As a group, sell-side analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Tuesday, December 31st were issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Tuesday, December 31st. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio is currently 28.72%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DE shares. Jefferies Financial Group cut shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a research note on Friday, December 6th. Morgan Stanley increased their price objective on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. UBS Group boosted their target price on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. StockNews.com lowered Deere & Company from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their price target on Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $454.65.

Insiders Place Their Bets

In related news, insider Rajesh Kalathur sold 24,580 shares of the 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 $37,484,675.58. This represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company 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.