Steward Partners Investment Advisory LLC Has $9.10 Million Stock Holdings in Deere & Company (NYSE:DE)

Steward Partners Investment Advisory LLC trimmed its holdings in Deere & Company (NYSE:DE) by 14.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,468 shares of the industrial products company’s stock after selling 3,580 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Deere & Company were worth $9,096,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Pineridge Advisors LLC lifted its holdings in Deere & Company by 60.5% in 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 acquired a new position in Deere & Company during the fourth quarter valued at approximately $32,000. YANKCOM Partnership bought a new position in shares of Deere & Company in the fourth quarter valued at approximately $34,000. Synergy Asset Management LLC acquired a new stake in shares of Deere & Company in the fourth quarter worth $35,000. Finally, Sierra Ocean LLC bought a new stake in shares of Deere & Company during the 4th quarter worth $44,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 2.1 %

Shares of DE opened at $468.08 on Thursday. The stock’s fifty day simple moving average is $458.83 and its 200-day simple moving average is $428.17. The firm has a market capitalization of $127.48 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 2.14 and a beta of 0.98. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94.

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

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be paid a $1.62 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.38%. Deere & Company’s payout ratio is presently 28.72%.

Insiders Place Their Bets

In related news, insider Rajesh Kalathur sold 24,580 shares of the business’s 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 completion of the transaction, the insider now owns 74,878 shares in the company, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

DE has been the topic of several recent analyst reports. Evercore ISI lifted their target price on shares of Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. UBS Group lifted their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. StockNews.com downgraded Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. Citigroup lifted their price target on Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $501.00 price target on shares of Deere & Company in a report on Monday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $457.22.

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.