Tokio Marine Asset Management Co. Ltd. cut its position in Deere & Company (NYSE:DE) by 27.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,798 shares of the industrial products company’s stock after selling 673 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Deere & Company were worth $281,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Deere & Company in the fourth quarter valued at $101,000. Cerebellum GP LLC bought a new position in Deere & Company during the fourth quarter worth $132,000. TCI Wealth Advisors Inc. boosted its position in Deere & Company by 107.3% during the fourth quarter. TCI Wealth Advisors Inc. now owns 885 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 458 shares during the period. Wealthcare Advisory Partners LLC bought a new position in Deere & Company during the third quarter worth $144,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in Deere & Company during the third quarter worth $158,000. 67.28% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on DE shares. Deutsche Bank lifted their price objective on shares of Deere & Company from $129.00 to $149.00 and gave the stock a “hold” rating in a research report on Thursday, November 16th. ValuEngine raised shares of Deere & Company from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Thursday, November 2nd. Robert W. Baird raised shares of Deere & Company from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $140.00 to $155.00 in a research report on Tuesday, November 21st. Finally, Wells Fargo & Co reaffirmed a “buy” rating and set a $170.00 price objective on shares of Deere & Company in a research report on Thursday, November 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $155.21.

In other news, CFO Rajesh Kalathur sold 4,519 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $148.92, for a total value of $672,969.48. Following the completion of the sale, the chief financial officer now owns 36,288 shares of the company’s stock, valued at $5,404,008.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James M. Field sold 48,427 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $147.98, for a total transaction of $7,166,227.46. The disclosure for this sale can be found here. In the last three months, insiders sold 187,603 shares of company stock valued at $28,058,143. 0.74% of the stock is currently owned by company insiders.

Shares of Deere & Company (NYSE:DE) opened at $154.93 on Friday. The stock has a market cap of $50,082.20, a PE ratio of 23.33, a PEG ratio of 2.32 and a beta of 0.75. Deere & Company has a 52-week low of $106.72 and a 52-week high of $171.96. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95.

Deere & Company (NYSE:DE) last announced its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.10. The company had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.91 billion. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. Deere & Company’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.90 earnings per share. sell-side analysts forecast that Deere & Company will post 8.15 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Friday, December 29th were given a $0.60 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.55%. Deere & Company’s payout ratio is presently 36.14%.

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About Deere & Company

Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

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

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