Integral Investment Advisors Inc. Sells 160 Shares of Deere & Company (NYSE:DE)

Integral Investment Advisors Inc. decreased its holdings in shares of Deere & Company (NYSE:DE) by 6.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,313 shares of the industrial products company’s stock after selling 160 shares during the period. Integral Investment Advisors Inc.’s holdings in Deere & Company were worth $980,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in shares of Deere & Company by 12.0% during the third quarter. Assenagon Asset Management S.A. now owns 8,680 shares of the industrial products company’s stock valued at $3,622,000 after acquiring an additional 927 shares in the last quarter. Tectonic Advisors LLC bought a new stake in Deere & Company during the 3rd quarter valued at about $484,000. Silver Oak Securities Incorporated increased its stake in Deere & Company by 10.2% during the 3rd quarter. Silver Oak Securities Incorporated now owns 963 shares of the industrial products company’s stock valued at $402,000 after purchasing an additional 89 shares in the last quarter. Lake Street Advisors Group LLC increased its stake in Deere & Company by 3.3% during the 3rd quarter. Lake Street Advisors Group LLC now owns 2,498 shares of the industrial products company’s stock valued at $1,046,000 after purchasing an additional 79 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC raised its holdings in Deere & Company by 1.9% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 1,385 shares of the industrial products company’s stock worth $578,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on DE shares. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a report on Friday, December 6th. Oppenheimer lifted their price target on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. UBS Group lifted their price target on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. StockNews.com lowered shares of Deere & Company from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Barclays boosted their target price on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $454.65.

Deere & Company Stock Performance

Shares of NYSE DE opened at $489.98 on Friday. The firm has a fifty day moving average price of $452.07 and a 200-day moving average price of $421.43. 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 stock has a market cap of $133.45 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.14 and a beta of 0.98. Deere & Company has a 1 year low of $340.20 and a 1 year high of $515.05.

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

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors 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 annualized dividend and a dividend yield of 1.32%. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio (DPR) is currently 28.72%.

Insider Buying and Selling

In related news, insider Rajesh Kalathur sold 24,580 shares of the firm’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 of the company’s stock, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.29% of the stock is currently owned by company insiders.

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.