Deere & Company (NYSE:DE) Shares Bought by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. raised its position in Deere & Company (NYSE:DE) by 1.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 105,100 shares of the industrial products company’s stock after purchasing an additional 1,800 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Deere & Company were worth $44,531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Pineridge Advisors LLC raised its position in shares of Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 26 shares in the last quarter. Modus Advisors LLC bought a new stake in Deere & Company during the 4th quarter worth about $32,000. YANKCOM Partnership acquired a new position in shares of Deere & Company in the 4th quarter valued at $34,000. Synergy Asset Management LLC acquired a new stake in Deere & Company during the 4th quarter worth $35,000. Finally, Sierra Ocean LLC acquired a new stake in Deere & Company during the 4th quarter worth $44,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DE shares. StockNews.com cut Deere & Company from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. boosted their target price on shares of Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Evercore ISI upped their price objective on shares of Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. 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 report on Friday, November 22nd. Finally, UBS Group increased their target price on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $454.65.

Deere & Company Price Performance

Deere & Company stock opened at $478.57 on Thursday. The company has a fifty day simple moving average of $454.92 and a 200-day simple moving average of $424.30. Deere & Company has a 52-week low of $340.20 and a 52-week 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. The firm has a market capitalization of $130.34 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 2.14 and a beta of 0.98.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. On average, equities analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.35%. Deere & Company’s payout ratio is 28.72%.

Insider Activity at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction dated 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 transaction, the insider now directly owns 74,878 shares of the company’s stock, valued at $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.29% of the company’s stock.

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.