Deere & Company (NYSE:DE) Shares Sold by NBT Bank N A NY

NBT Bank N A NY trimmed its position in shares of Deere & Company (NYSE:DE) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,683 shares of the industrial products company’s stock after selling 679 shares during the quarter. Deere & Company accounts for approximately 1.0% of NBT Bank N A NY’s portfolio, making the stock its 21st largest holding. NBT Bank N A NY’s holdings in Deere & Company were worth $14,695,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DE. Verdence Capital Advisors LLC increased its stake in shares of Deere & Company by 15.0% during the third quarter. Verdence Capital Advisors LLC now owns 1,184 shares of the industrial products company’s stock worth $494,000 after acquiring an additional 154 shares during the period. Assetmark Inc. grew its position in Deere & Company by 37.4% during the third quarter. Assetmark Inc. now owns 38,516 shares of the industrial products company’s stock worth $16,074,000 after buying an additional 10,477 shares during the period. RKL Wealth Management LLC grew its position in Deere & Company by 3.7% during the third quarter. RKL Wealth Management LLC now owns 1,346 shares of the industrial products company’s stock worth $562,000 after buying an additional 48 shares during the period. Sustainable Insight Capital Management LLC grew its position in Deere & Company by 24.1% during the third quarter. Sustainable Insight Capital Management LLC now owns 8,886 shares of the industrial products company’s stock worth $3,708,000 after buying an additional 1,727 shares during the period. Finally, Mesirow Financial Investment Management Inc. grew its position in Deere & Company by 2.8% during the third quarter. Mesirow Financial Investment Management Inc. now owns 4,760 shares of the industrial products company’s stock worth $1,987,000 after buying an additional 131 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Performance

Shares of DE opened at $499.73 on Monday. 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 capitalization of $135.63 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 2.14 and a beta of 1.01. The company’s 50 day simple moving average is $461.21 and its 200 day simple moving average is $430.21. Deere & Company has a 1 year low of $340.20 and a 1 year high of $515.05.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (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%. On average, sell-side analysts predict that Deere & Company will post 19.32 EPS 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 paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company’s dividend payout ratio is currently 28.72%.

Analysts Set New Price Targets

DE has been the topic of several recent analyst reports. Robert W. Baird restated a “neutral” rating and set a $501.00 target price on shares of Deere & Company in a research report on Monday, March 3rd. Barclays upped their target price on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. upped their target price on shares of Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Evercore ISI upped their target price on shares of Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley upped their target price on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. One 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $457.22.

Insiders Place Their Bets

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the 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 owns 74,878 shares of the company’s stock, valued at $37,484,675.58. This trade represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.29% of the stock is currently owned by insiders.

Deere & 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.