Dubuque Bank & Trust Co. lifted its holdings in shares of Deere & Company (NYSE:DE) by 8.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,382 shares of the industrial products company’s stock after buying an additional 112 shares during the period. Dubuque Bank & Trust Co.’s holdings in Deere & Company were worth $239,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DE. DRW Securities LLC bought a new stake in shares of Deere & Company in the 2nd quarter valued at about $227,000. Man Group plc raised its holdings in shares of Deere & Company by 250.1% in the 3rd quarter. Man Group plc now owns 26,987 shares of the industrial products company’s stock valued at $4,552,000 after purchasing an additional 19,278 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Deere & Company by 0.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 649,925 shares of the industrial products company’s stock valued at $107,699,000 after purchasing an additional 2,598 shares during the period. Charles Schwab Trust Co bought a new stake in shares of Deere & Company in the 3rd quarter valued at about $1,303,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Deere & Company in the 3rd quarter valued at about $20,723,000. Institutional investors own 67.53% of the company’s stock.

In other Deere & Company news, CEO John C. May II sold 8,112 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $174.11, for a total transaction of $1,412,380.32. Following the transaction, the chief executive officer now owns 49,157 shares in the company, valued at approximately $8,558,725.27. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John C. May II sold 5,075 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $173.38, for a total transaction of $879,903.50. Following the transaction, the chief executive officer now owns 49,157 shares in the company, valued at approximately $8,522,840.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 152,228 shares of company stock worth $26,934,906. Insiders own 0.71% of the company’s stock.

A number of brokerages have recently issued reports on DE. JPMorgan Chase & Co. reaffirmed a “sell” rating and issued a $140.00 target price on shares of Deere & Company in a report on Monday, November 25th. Wells Fargo & Co upped their target price on shares of Deere & Company from $177.00 to $185.00 and gave the company an “equal weight” rating in a report on Tuesday. Citigroup dropped their target price on shares of Deere & Company from $200.00 to $195.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Barclays set a $180.00 target price on shares of Deere & Company and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Robert W. Baird set a $178.00 target price on shares of Deere & Company and gave the company a “buy” rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $172.79.

Deere & Company stock opened at $173.67 on Wednesday. The stock has a market cap of $54.33 billion, a P/E ratio of 17.47, a P/E/G ratio of 4.10 and a beta of 1.13. The company has a quick ratio of 1.80, a current ratio of 2.04 and a debt-to-equity ratio of 2.65. Deere & Company has a twelve month low of $132.68 and a twelve month high of $180.48. The company’s 50-day moving average price is $172.24 and its two-hundred day moving average price is $166.68.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Wednesday, November 27th. The industrial products company reported $2.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.13 by $0.01. The firm had revenue of $8.70 billion for the quarter, compared to analysts’ expectations of $8.41 billion. Deere & Company had a net margin of 8.29% and a return on equity of 27.11%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.30 EPS. Equities analysts anticipate that Deere & Company will post 9.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be issued a $0.76 dividend. The ex-dividend date is Monday, December 30th. This represents a $3.04 annualized dividend and a yield of 1.75%. Deere & Company’s dividend payout ratio is currently 30.58%.

Deere & Company Profile

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.

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

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