Deere & Company (DE) Position Cut by Anderson Hoagland & Co.

Anderson Hoagland & Co. reduced its holdings in shares of Deere & Company (NYSE:DE) by 33.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,810 shares of the industrial products company’s stock after selling 2,430 shares during the period. Anderson Hoagland & Co.’s holdings in Deere & Company were worth $753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Marco Investment Management LLC increased its holdings in shares of Deere & Company by 0.3% in the second quarter. Marco Investment Management LLC now owns 1,874 shares of the industrial products company’s stock valued at $232,000 after purchasing an additional 6 shares during the period. Northwest Quadrant Wealth Management LLC increased its holdings in shares of Deere & Company by 0.4% in the second quarter. Northwest Quadrant Wealth Management LLC now owns 3,165 shares of the industrial products company’s stock valued at $418,000 after purchasing an additional 13 shares during the period. YorkBridge Wealth Partners LLC increased its holdings in shares of Deere & Company by 1.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 13 shares during the period. Manchester Capital Management LLC increased its holdings in shares of Deere & Company by 3.6% in the second quarter. Manchester Capital Management LLC now owns 1,708 shares of the industrial products company’s stock valued at $211,000 after purchasing an additional 60 shares during the period. Finally, WMS Partners LLC increased its holdings in shares of Deere & Company by 2.7% in the second quarter. WMS Partners LLC now owns 2,468 shares of the industrial products company’s stock valued at $305,000 after purchasing an additional 65 shares during the period. 67.37% of the stock is currently owned by institutional investors.

DE has been the topic of a number of research reports. BMO Capital Markets reissued a “buy” rating and issued a $150.00 price objective on shares of Deere & Company in a report on Thursday, November 2nd. Wells Fargo & Co reissued an “outperform” rating and issued a $200.00 price objective (up from $170.00) on shares of Deere & Company in a report on Wednesday, January 10th. Barclays raised Deere & Company from a “sector perform” rating to an “outperform” rating and set a $171.00 price objective on the stock in a report on Wednesday, January 10th. Robert W. Baird reissued a “hold” rating and issued a $140.00 price objective on shares of Deere & Company in a report on Thursday, October 12th. Finally, Credit Suisse Group restated a “buy” rating and issued a $162.00 target price on shares of Deere & Company in a research note on Thursday, November 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $149.78.

In other news, insider John C. May II sold 18,626 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $130.76, for a total value of $2,435,535.76. Following the transaction, the insider now owns 37,462 shares in the company, valued at $4,898,531.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Max A. Guinn sold 11,235 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $168.68, for a total value of $1,895,119.80. Following the completion of the transaction, the insider now owns 39,406 shares in the company, valued at approximately $6,647,004.08. The disclosure for this sale can be found here. Insiders have sold 246,097 shares of company stock worth $35,868,394 in the last quarter. 0.85% of the stock is currently owned by company insiders.

Shares of Deere & Company (NYSE:DE) traded down $0.11 during mid-day trading on Thursday, reaching $167.43. The company’s stock had a trading volume of 1,960,300 shares, compared to its average volume of 2,493,027. The stock has a market capitalization of $53,930.00, a P/E ratio of 25.18, a P/E/G ratio of 2.51 and a beta of 0.77. The company has a quick ratio of 1.95, a current ratio of 2.12 and a debt-to-equity ratio of 2.71. Deere & Company has a 52 week low of $104.45 and a 52 week high of $170.73.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The company had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.91 billion. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. Deere & Company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.90 earnings per share. equities research analysts anticipate that Deere & Company will post 8.13 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, December 29th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.43%. Deere & Company’s dividend payout ratio is currently 36.09%.

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Deere & Company Company Profile

Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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