Deere & Company (NYSE:DE) Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC lowered its holdings in Deere & Company (NYSE:DE) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,463 shares of the industrial products company’s stock after selling 169 shares during the period. KCM Investment Advisors LLC’s holdings in Deere & Company were worth $4,433,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pineridge Advisors LLC increased its stake in Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 26 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of Deere & Company during the fourth quarter valued at approximately $32,000. YANKCOM Partnership purchased a new stake in shares of Deere & Company in the 4th quarter valued at approximately $34,000. Synergy Asset Management LLC acquired a new position in Deere & Company in the 4th quarter worth approximately $35,000. Finally, Continuum Advisory LLC raised its stake in 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 purchasing an additional 67 shares during the period. 68.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were 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 directly owns 74,878 shares in the company, valued at $37,484,675.58. This represents a 24.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is owned by corporate insiders.

Deere & Company Stock Down 3.8 %

Shares of Deere & Company stock opened at $430.25 on Friday. Deere & Company has a 12-month low of $340.20 and a 12-month 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 stock has a 50 day moving average price of $476.55 and a two-hundred day moving average price of $441.78. The stock has a market capitalization of $116.78 billion, a P/E ratio of 19.07, a PEG ratio of 2.14 and a beta of 1.01.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Investors 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 1.51%. Deere & Company’s dividend payout ratio is presently 28.72%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DE. Baird R W downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Jefferies Financial Group downgraded Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a report on Friday, December 6th. Evercore ISI raised their price target on shares of Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Argus set a $510.00 price objective on shares of Deere & Company in a research note on Friday, March 7th. Finally, StockNews.com upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday, March 29th. Fourteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $460.00.

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.