Deere & Company (NYSE:DE) is Geo Capital Gestora de Recursos Ltd’s 4th Largest Position

Geo Capital Gestora de Recursos Ltd lowered its stake in shares of Deere & Company (NYSE:DE) by 10.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,138 shares of the industrial products company’s stock after selling 1,685 shares during the period. Deere & Company comprises about 7.7% of Geo Capital Gestora de Recursos Ltd’s investment portfolio, making the stock its 4th biggest position. Geo Capital Gestora de Recursos Ltd’s holdings in Deere & Company were worth $5,990,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Pineridge Advisors LLC boosted its holdings 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 worth $29,000 after purchasing an additional 26 shares during the last quarter. Modus Advisors LLC purchased a new stake in Deere & Company in the fourth quarter valued at approximately $32,000. YANKCOM Partnership purchased a new stake in Deere & Company in the fourth quarter valued at approximately $34,000. Synergy Asset Management LLC purchased a new stake in Deere & Company in the fourth quarter valued at approximately $35,000. Finally, Continuum Advisory LLC raised its position in Deere & Company by 155.8% in the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on DE. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a research report on Friday, December 6th. Citigroup upped their price objective on Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Robert W. Baird reissued a “neutral” rating and issued a $501.00 target price on shares of Deere & Company in a report on Monday, March 3rd. StockNews.com lowered Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. Finally, Barclays upped their price objective on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. 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’s stock. According to data from MarketBeat, Deere & Company has a consensus rating of “Hold” and an average price target of $460.00.

Insiders Place Their Bets

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 74,878 shares in the company, valued at $37,484,675.58. This trade represents a 24.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.29% of the company’s stock.

Deere & Company Stock Down 1.1 %

Shares of NYSE:DE opened at $471.90 on Friday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The company has a market cap of $128.08 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05. The firm has a 50 day simple moving average of $473.25 and a 200 day simple moving average of $436.21.

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

Deere & Company Announces Dividend

The business also recently declared 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 of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.37%. Deere & Company’s dividend 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.