Vaughan David Investments LLC IL Sells 891 Shares of Deere & Company (NYSE:DE)

Vaughan David Investments LLC IL decreased its position in shares of Deere & Company (NYSE:DE) by 0.5% during the 4th quarter, HoldingsChannel reports. The fund owned 168,783 shares of the industrial products company’s stock after selling 891 shares during the period. Deere & Company comprises approximately 1.7% of Vaughan David Investments LLC IL’s portfolio, making the stock its 7th largest holding. Vaughan David Investments LLC IL’s holdings in Deere & Company were worth $71,513,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DE. Assenagon Asset Management S.A. grew its position in shares of Deere & Company by 12.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,680 shares of the industrial products company’s stock valued at $3,622,000 after buying an additional 927 shares during the last quarter. GHP Investment Advisors Inc. raised its position in shares of Deere & Company by 21.6% during the third quarter. GHP Investment Advisors Inc. now owns 743 shares of the industrial products company’s stock worth $310,000 after acquiring an additional 132 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Deere & Company by 11.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 175,338 shares of the industrial products company’s stock worth $73,086,000 after acquiring an additional 18,188 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Deere & Company by 5.8% during the third quarter. State of Alaska Department of Revenue now owns 29,788 shares of the industrial products company’s stock worth $12,431,000 after acquiring an additional 1,635 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its position in shares of Deere & Company by 34.6% during the third quarter. J.W. Cole Advisors Inc. now owns 7,999 shares of the industrial products company’s stock worth $3,338,000 after acquiring an additional 2,056 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

DE has been the subject of a number of analyst reports. StockNews.com downgraded Deere & Company from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Evercore ISI raised their price objective on Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Truist Financial restated a “buy” rating and set a $546.00 price objective (down from $550.00) on shares of Deere & Company in a research report on Friday, February 14th. Morgan Stanley raised their price objective on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Finally, Oppenheimer raised their price objective on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. 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.com, the company presently has a consensus rating of “Hold” and a consensus price target of $454.65.

Deere & Company Trading Down 1.2 %

Shares of Deere & Company stock opened at $484.24 on Tuesday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05. The stock has a 50 day moving average price of $452.99 and a two-hundred day moving average price of $422.92. The stock has a market capitalization of $131.88 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 2.14 and a beta of 0.98.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, beating analysts’ consensus estimates 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, equities analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Tuesday, December 31st. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio (DPR) is 28.72%.

Insider Buying and Selling at Deere & Company

In related 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 transaction of $12,304,993.80. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.29% of the company’s stock.

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.