Lyell Wealth Management LP Sells 27 Shares of Deere & Company (NYSE:DE)

Lyell Wealth Management LP lessened its holdings in shares of Deere & Company (NYSE:DEGet Rating) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,031 shares of the industrial products company’s stock after selling 27 shares during the quarter. Lyell Wealth Management LP’s holdings in Deere & Company were worth $355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Johnson Midwest Financial LLC increased its stake in shares of Deere & Company by 4.5% during the 4th quarter. Johnson Midwest Financial LLC now owns 628 shares of the industrial products company’s stock worth $215,000 after purchasing an additional 27 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its stake in Deere & Company by 0.4% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,594 shares of the industrial products company’s stock valued at $2,604,000 after buying an additional 29 shares in the last quarter. Baystate Wealth Management LLC grew its stake in Deere & Company by 8.7% in the 4th quarter. Baystate Wealth Management LLC now owns 375 shares of the industrial products company’s stock valued at $129,000 after buying an additional 30 shares in the last quarter. OLD Second National Bank of Aurora grew its stake in Deere & Company by 5.7% in the 4th quarter. OLD Second National Bank of Aurora now owns 560 shares of the industrial products company’s stock valued at $162,000 after buying an additional 30 shares in the last quarter. Finally, Krilogy Financial LLC grew its stake in Deere & Company by 3.8% in the 4th quarter. Krilogy Financial LLC now owns 825 shares of the industrial products company’s stock valued at $283,000 after buying an additional 30 shares in the last quarter. 65.28% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Pentz Markwart Von sold 18,364 shares of the company’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $393.00, for a total transaction of $7,217,052.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rajesh Kalathur sold 32,391 shares of the company’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $400.00, for a total transaction of $12,956,400.00. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Deere & Company stock traded down $24.67 during mid-day trading on Monday, hitting $378.90. The company’s stock had a trading volume of 74,225 shares, compared to its average volume of 2,075,031. The company has a debt-to-equity ratio of 1.84, a current ratio of 2.25 and a quick ratio of 1.94. The stock has a market cap of $116.24 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 1.39 and a beta of 1.00. The business has a 50 day moving average price of $400.36 and a 200-day moving average price of $373.02. Deere & Company has a 12 month low of $320.50 and a 12 month high of $446.76.

Deere & Company (NYSE:DEGet Rating) last posted its quarterly earnings results on Friday, February 18th. The industrial products company reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.64. The business had revenue of $8.53 billion during the quarter, compared to the consensus estimate of $8.28 billion. Deere & Company had a net margin of 12.69% and a return on equity of 33.65%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.87 earnings per share. On average, equities research analysts expect that Deere & Company will post 22.71 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 9th. Shareholders of record on Thursday, March 31st will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, March 30th. Deere & Company’s dividend payout ratio is presently 23.28%.

DE has been the subject of a number of recent analyst reports. Wells Fargo & Company initiated coverage on shares of Deere & Company in a research report on Friday, March 11th. They set an “overweight” rating and a $455.00 price target for the company. Robert W. Baird boosted their price target on shares of Deere & Company from $425.00 to $475.00 in a research report on Friday, January 7th. Zacks Investment Research lowered shares of Deere & Company from a “buy” rating to a “hold” rating and set a $412.00 price target for the company. in a research report on Monday, February 14th. Bank of America lowered shares of Deere & Company from a “buy” rating to a “neutral” rating and reduced their price target for the company from $475.00 to $450.00 in a research report on Monday. Finally, StockNews.com initiated coverage on shares of Deere & Company in a research report on Thursday, March 31st. They set a “hold” rating for the company. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $440.53.

Deere & Company Company Profile (Get Rating)

Deere & Company manufactures and distributes various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.

Further Reading

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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