Blair William & Co. IL Has $52.29 Million Holdings in Deere & Company (NYSE:DE)

Blair William & Co. IL trimmed its stake in Deere & Company (NYSE:DE) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,409 shares of the industrial products company’s stock after selling 596 shares during the quarter. Blair William & Co. IL’s holdings in Deere & Company were worth $52,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in Deere & Company by 5.0% in the fourth quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 21,880 shares of the industrial products company’s stock valued at $9,271,000 after purchasing an additional 1,035 shares in the last quarter. Homestead Advisers Corp lifted its holdings in shares of Deere & Company by 3.8% during the 4th quarter. Homestead Advisers Corp now owns 219,100 shares of the industrial products company’s stock valued at $92,833,000 after buying an additional 8,100 shares during the last quarter. AssuredPartners Investment Advisors LLC bought a new stake in shares of Deere & Company in the 4th quarter valued at approximately $579,000. NEOS Investment Management LLC increased its holdings in Deere & Company by 32.9% in the fourth quarter. NEOS Investment Management LLC now owns 16,495 shares of the industrial products company’s stock worth $6,989,000 after buying an additional 4,081 shares during the last quarter. Finally, UniSuper Management Pty Ltd raised its position in Deere & Company by 1.4% during the fourth quarter. UniSuper Management Pty Ltd now owns 108,790 shares of the industrial products company’s stock valued at $46,094,000 after acquiring an additional 1,513 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Performance

NYSE:DE opened at $479.69 on Friday. The firm’s 50-day moving average is $477.11 and its 200-day moving average is $438.85. The company has a market cap of $130.19 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.14 and a beta of 1.01. 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 52-week low of $340.20 and a 52-week high of $515.05.

Deere & Company (NYSE:DE) last posted its quarterly earnings results 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 return on equity of 27.31% and a net margin of 12.94%. Equities research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company’s dividend payout ratio (DPR) is presently 28.72%.

Analyst Ratings Changes

Several research firms have commented on DE. Argus set a $510.00 target price on shares of Deere & Company in a research report on Friday, March 7th. Truist Financial reiterated a “buy” rating and issued a $546.00 price objective (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 report on Monday, March 3rd. Oppenheimer upped their price target on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. raised their price objective on Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Deere & Company presently has an average rating of “Hold” and an average price target of $460.00.

Insider Activity

In other news, insider Rajesh Kalathur sold 24,580 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 approximately $37,484,675.58. This represents a 24.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.29% of the company’s stock.

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.