Deere & Company (NYSE:DE) Shares Purchased by Keb Asset Management LLC

Keb Asset Management LLC lifted its stake in Deere & Company (NYSE:DE) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,333 shares of the industrial products company’s stock after acquiring an additional 31 shares during the period. Keb Asset Management LLC’s holdings in Deere & Company were worth $988,000 as of its most recent filing with the Securities and Exchange Commission.

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

Deere & Company Stock Performance

Shares of DE stock opened at $499.73 on Monday. The firm has a market cap of $135.63 billion, a P/E ratio of 22.15, a PEG ratio of 2.14 and a beta of 1.01. The stock’s 50-day moving average is $461.21 and its two-hundred day moving average is $430.21. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $515.05. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98.

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

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company’s payout ratio is 28.72%.

Analyst Upgrades and Downgrades

DE has been the subject of several research reports. Barclays raised their price objective on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Robert W. Baird restated a “neutral” rating and set a $501.00 price objective on shares of Deere & Company in a report on Monday, March 3rd. Citigroup upped their price objective on shares of Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Oppenheimer lifted their target price 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, Morgan Stanley upped their price target on shares of Deere & Company from $401.00 to $450.00 and gave the company 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 issued a buy rating to the company’s stock. According to data from MarketBeat, Deere & Company currently has a consensus rating of “Hold” and an average price target of $457.22.

Insider Buying and Selling at Deere & Company

In other Deere & Company 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 transaction of $12,304,993.80. Following the completion of the sale, the insider now owns 74,878 shares of the company’s stock, valued at $37,484,675.58. This represents a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.29% of the company’s stock.

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.