J. Safra Sarasin Holding AG Has $45.81 Million Stock Holdings in Deere & Company (NYSE:DE)

J. Safra Sarasin Holding AG decreased its position in Deere & Company (NYSE:DE) by 21.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 108,119 shares of the industrial products company’s stock after selling 28,765 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Deere & Company were worth $45,810,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DE. Pineridge Advisors LLC increased its holdings in shares of Deere & Company by 60.5% during the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after buying an additional 26 shares in the last quarter. Modus Advisors LLC bought a new stake in Deere & Company during the 4th quarter worth approximately $32,000. YANKCOM Partnership acquired a new stake in Deere & Company during the 4th quarter valued at $34,000. Synergy Asset Management LLC bought a new position in Deere & Company in the 4th quarter valued at $35,000. Finally, Sierra Ocean LLC acquired a new position in Deere & Company in the fourth quarter worth $44,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

DE has been the subject of a number of research analyst reports. Argus set a $510.00 price target on Deere & Company in a report on Friday, March 7th. Baird R W downgraded shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. UBS Group decreased their price target on shares of Deere & Company from $462.00 to $440.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Oppenheimer boosted their price objective 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. Finally, Citigroup reduced their price objective on Deere & Company from $480.00 to $450.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $459.89.

Insider Buying and Selling

In related news, insider Rajesh Kalathur sold 24,580 shares of the business’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 of the company’s stock, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is owned by company insiders.

Deere & Company Trading Down 0.1 %

Shares of NYSE DE opened at $452.06 on Monday. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. The stock has a market cap of $122.70 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 2.14 and a beta of 1.00. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The company’s fifty day moving average is $469.77 and its 200-day moving average is $444.97.

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

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Investors 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 dividend yield of 1.43%. Deere & Company’s dividend payout ratio is presently 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.