Aviance Capital Partners LLC Sells 50 Shares of Deere & Company (NYSE:DE)

Aviance Capital Partners LLC reduced its stake in Deere & Company (NYSE:DE) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,852 shares of the industrial products company’s stock after selling 50 shares during the quarter. Aviance Capital Partners LLC’s holdings in Deere & Company were worth $2,479,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DE. Wellington Management Group LLP raised its holdings in Deere & Company by 32.0% in the 3rd quarter. Wellington Management Group LLP now owns 7,352,465 shares of the industrial products company’s stock worth $3,068,404,000 after purchasing an additional 1,782,984 shares during the period. FMR LLC raised its holdings in Deere & Company by 27.8% during the third quarter. FMR LLC now owns 4,542,013 shares of the industrial products company’s stock valued at $1,895,518,000 after acquiring an additional 988,380 shares during the period. Raymond James Financial Inc. bought a new stake in Deere & Company during the fourth quarter valued at about $296,232,000. Stockbridge Partners LLC raised its holdings in Deere & Company by 157.5% during the third quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company’s stock valued at $369,019,000 after acquiring an additional 540,874 shares during the period. Finally, Proficio Capital Partners LLC raised its holdings in Deere & Company by 52,200.3% during the fourth quarter. Proficio Capital Partners LLC now owns 530,848 shares of the industrial products company’s stock valued at $224,920,000 after acquiring an additional 529,833 shares during the period. 68.58% of the stock is owned by institutional investors.

Deere & Company Trading Up 3.4 %

DE opened at $483.19 on Friday. The firm has a market cap of $131.60 billion, a P/E ratio of 21.42, a P/E/G 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 current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. The stock has a 50-day moving average of $459.82 and a 200 day moving average of $428.56.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) 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%. As a group, research analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.34%. Deere & Company’s dividend payout ratio (DPR) is presently 28.72%.

Analyst Ratings Changes

A number of equities research analysts have commented on DE shares. UBS Group raised their price target on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Robert W. Baird reissued a “neutral” rating and set a $501.00 price target on shares of Deere & Company in a report on Monday. Truist Financial reissued a “buy” rating and set a $546.00 price target (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Jefferies Financial Group cut Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target on the stock. in a report on Friday, December 6th. Finally, Morgan Stanley lifted their target price on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Deere & Company presently has an average rating of “Hold” and a consensus 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 business’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 transaction, the insider now owns 74,878 shares in the company, valued at $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company 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.