Moisand Fitzgerald Tamayo LLC reduced its holdings in shares of Deere & Company (NYSE:DE) by 9.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,115 shares of the industrial products company’s stock after selling 111 shares during the period. Moisand Fitzgerald Tamayo LLC’s holdings in Deere & Company were worth $193,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Nuveen Asset Management LLC lifted its holdings in shares of Deere & Company by 20,513.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,147,721 shares of the industrial products company’s stock valued at $521,609,000 after acquiring an additional 3,132,451 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in Deere & Company in the 3rd quarter valued at $41,590,000. Invesco Ltd. raised its position in Deere & Company by 12.1% in the second quarter. Invesco Ltd. now owns 1,923,679 shares of the industrial products company’s stock valued at $318,773,000 after purchasing an additional 207,541 shares during the period. California Public Employees Retirement System raised its position in Deere & Company by 38.6% in the third quarter. California Public Employees Retirement System now owns 696,095 shares of the industrial products company’s stock valued at $117,417,000 after purchasing an additional 193,930 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Deere & Company in the second quarter valued at about $23,222,000. Institutional investors own 67.53% of the company’s stock.

Several brokerages have recently weighed in on DE. Citigroup decreased their target price on Deere & Company from $200.00 to $195.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Robert W. Baird set a $178.00 target price on Deere & Company and gave the company a “buy” rating in a report on Wednesday, October 9th. Argus reissued a “positive” rating and set a $185.00 price target on shares of Deere & Company in a research report on Tuesday, December 3rd. DZ Bank cut Deere & Company from a “hold” rating to a “sell” rating and set a $148.00 price target for the company. in a report on Friday, November 29th. Finally, UBS Group decreased their price target on Deere & Company from $180.00 to $169.00 and set a “neutral” rating for the company in a report on Friday, November 29th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $172.79.

In other news, Chairman Samuel R. Allen sold 114,253 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $178.30, for a total transaction of $20,371,309.90. Following the completion of the transaction, the chairman now directly owns 423,497 shares of the company’s stock, valued at $75,509,515.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John C. May II sold 8,112 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $174.11, for a total value of $1,412,380.32. Following the transaction, the chief executive officer now directly owns 49,157 shares of the company’s stock, valued at $8,558,725.27. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,228 shares of company stock worth $26,934,906. Insiders own 0.71% of the company’s stock.

NYSE DE traded up $1.76 during trading hours on Thursday, reaching $174.68. 437,044 shares of the company traded hands, compared to its average volume of 1,181,616. Deere & Company has a 12 month low of $132.68 and a 12 month high of $180.48. The company has a current ratio of 2.04, a quick ratio of 1.80 and a debt-to-equity ratio of 2.65. The stock has a market capitalization of $54.67 billion, a PE ratio of 17.57, a PEG ratio of 4.11 and a beta of 1.13. The company has a 50 day moving average of $172.16 and a two-hundred day moving average of $166.72.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 27th. The industrial products company reported $2.14 EPS for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.01. Deere & Company had a net margin of 8.29% and a return on equity of 27.11%. The firm had revenue of $8.70 billion for the quarter, compared to the consensus estimate of $8.41 billion. During the same period in the prior year, the firm posted $2.30 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts anticipate that Deere & Company will post 9.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $3.04 dividend on an annualized basis and a yield of 1.74%. Deere & Company’s dividend payout ratio (DPR) is 30.58%.

Deere & Company 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.

Further Reading: The limitations of an equal weight rating

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

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