Victory Capital Management Inc. Has $38.85 Million Holdings in Deere & Company (NYSE:DE)

Victory Capital Management Inc. decreased its holdings in Deere & Company (NYSE:DE) by 8.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 91,694 shares of the industrial products company’s stock after selling 8,416 shares during the period. Victory Capital Management Inc.’s holdings in Deere & Company were worth $38,851,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Pineridge Advisors LLC increased its holdings in shares of Deere & Company by 60.5% during the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 26 shares during the period. Modus Advisors LLC acquired a new stake in Deere & Company during the fourth quarter worth approximately $32,000. YANKCOM Partnership bought a new position in Deere & Company during the 4th quarter worth $34,000. Synergy Asset Management LLC acquired a new position in Deere & Company in the 4th quarter valued at $35,000. Finally, Continuum Advisory LLC lifted its position in shares of Deere & Company by 155.8% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares during the period. Institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

DE has been the topic of a number of recent analyst reports. UBS Group raised their price target on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Robert W. Baird restated a “neutral” rating and issued a $501.00 target price on shares of Deere & Company in a research report on Monday, March 3rd. StockNews.com downgraded shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. Evercore ISI lifted their price objective on shares of Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Finally, Barclays upped their target price on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $457.22.

Insider Activity at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the completion of the sale, the insider now directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is owned by company insiders.

Deere & Company Stock Up 3.5 %

NYSE:DE opened at $499.73 on Friday. Deere & Company has a one year low of $340.20 and a one year 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. The company has a market cap of $135.63 billion, a PE ratio of 22.15, a P/E/G ratio of 2.14 and a beta of 1.01. The firm’s 50 day simple moving average is $461.21 and its 200 day simple moving average is $429.83.

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

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Monday, March 31st. Deere & Company’s dividend payout ratio is currently 28.72%.

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.