Deere & Company (NYSE:DE) Shares Sold by TBH Global Asset Management LLC

TBH Global Asset Management LLC lowered its position in shares of Deere & Company (NYSE:DE) by 18.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,500 shares of the industrial products company’s stock after selling 333 shares during the quarter. TBH Global Asset Management LLC’s holdings in Deere & Company were worth $636,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Ledyard National Bank lifted its stake in Deere & Company by 3.3% during the third quarter. Ledyard National Bank now owns 1,231 shares of the industrial products company’s stock valued at $514,000 after purchasing an additional 39 shares during the last quarter. Calton & Associates Inc. bought a new stake in shares of Deere & Company during the 3rd quarter worth $270,000. Fortis Group Advisors LLC boosted its stake in shares of Deere & Company by 357.8% during the 3rd quarter. Fortis Group Advisors LLC now owns 618 shares of the industrial products company’s stock worth $258,000 after acquiring an additional 483 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Deere & Company by 153.4% during the third quarter. Sequoia Financial Advisors LLC now owns 15,077 shares of the industrial products company’s stock worth $6,292,000 after purchasing an additional 9,128 shares during the period. Finally, Eastern Bank lifted its holdings in shares of Deere & Company by 293.7% during the third quarter. Eastern Bank now owns 4,059 shares of the industrial products company’s stock valued at $1,694,000 after purchasing an additional 3,028 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DE shares. UBS Group lifted their price target on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. boosted their price target 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 target on shares of Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a research report on Wednesday. Truist Financial reaffirmed a “buy” rating and issued a $546.00 target price (down previously from $550.00) on shares of Deere & Company in a research report on Friday, February 14th. Finally, Oppenheimer raised their price target on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $454.65.

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 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 owns 74,878 shares of the company’s stock, valued at $37,484,675.58. The trade was a 24.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.29% of the company’s stock.

Deere & Company Trading Up 1.6 %

Deere & Company stock opened at $509.54 on Thursday. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The company’s fifty day moving average price is $449.95 and its two-hundred day moving average price is $419.37. 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 capitalization of $138.77 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.96 and a beta of 0.98.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping 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, analysts forecast that Deere & Company will post 19.35 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st were given a dividend of $1.62 per share. The ex-dividend date was Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.27%. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio is presently 28.72%.

Deere & 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.