Deere & Company $DE Shares Sold by ABN Amro Investment Solutions

ABN Amro Investment Solutions reduced its position in Deere & Company (NYSE:DEFree Report) by 5.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 215,021 shares of the industrial products company’s stock after selling 13,175 shares during the period. Deere & Company comprises approximately 2.0% of ABN Amro Investment Solutions’ holdings, making the stock its 7th largest position. ABN Amro Investment Solutions’ holdings in Deere & Company were worth $98,321,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. HighTower Advisors LLC boosted its holdings in shares of Deere & Company by 3.1% during the third quarter. HighTower Advisors LLC now owns 230,184 shares of the industrial products company’s stock worth $105,258,000 after purchasing an additional 6,831 shares during the period. Taylor Hoffman Capital Management LLC lifted its position in Deere & Company by 0.4% in the 3rd quarter. Taylor Hoffman Capital Management LLC now owns 17,019 shares of the industrial products company’s stock worth $7,782,000 after buying an additional 63 shares in the last quarter. BTC Capital Management Inc. boosted its stake in shares of Deere & Company by 10.7% during the 3rd quarter. BTC Capital Management Inc. now owns 22,517 shares of the industrial products company’s stock valued at $10,296,000 after buying an additional 2,171 shares during the period. Leisure Capital Management grew its holdings in shares of Deere & Company by 1.8% during the 3rd quarter. Leisure Capital Management now owns 2,952 shares of the industrial products company’s stock valued at $1,350,000 after acquiring an additional 51 shares in the last quarter. Finally, Lyell Wealth Management LP grew its holdings in shares of Deere & Company by 4.7% during the 3rd quarter. Lyell Wealth Management LP now owns 16,482 shares of the industrial products company’s stock valued at $7,537,000 after acquiring an additional 733 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 0.7%

Shares of DE stock opened at $602.54 on Friday. Deere & Company has a 12 month low of $404.42 and a 12 month high of $626.25. The company has a market cap of $163.33 billion, a PE ratio of 32.55, a price-to-earnings-growth ratio of 2.40 and a beta of 1.02. The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 1.68. The business’s 50 day moving average is $507.56 and its two-hundred day moving average is $487.27.

Deere & Company (NYSE:DEGet Free Report) last issued its quarterly earnings data on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.The firm had revenue of $12.39 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the previous year, the firm posted $4.55 earnings per share. Deere & Company’s quarterly revenue was up 14.1% compared to the same quarter last year. Equities analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Wednesday, December 31st were given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is currently 35.01%.

Insider Transactions at Deere & Company

In related news, insider Cory J. Reed sold 12,000 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the completion of the transaction, the insider owned 20,792 shares of the company’s stock, valued at approximately $10,603,920. The trade was a 36.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John C. May II sold 41,472 shares of the stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $501.49, for a total value of $20,797,793.28. Following the sale, the chief executive officer owned 117,970 shares of the company’s stock, valued at approximately $59,160,775.30. The trade was a 26.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 64,578 shares of company stock worth $32,471,682 over the last quarter. 0.29% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Deere & Company

Here are the key news stories impacting Deere & Company this week:

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group reiterated a “buy” rating on shares of Deere & Company in a report on Tuesday, November 25th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Deere & Company in a research note on Monday, December 1st. Truist Financial increased their price objective on Deere & Company from $609.00 to $612.00 and gave the stock a “buy” rating in a report on Friday, November 28th. Morgan Stanley reaffirmed an “overweight” rating and set a $560.00 price objective on shares of Deere & Company in a research report on Tuesday, December 9th. Finally, Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Fifteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $524.20.

Check Out Our Latest Research Report on Deere & Company

Deere & Company Profile

(Free Report)

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.

Further Reading

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

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