Deere & Company $DE Stock Holdings Trimmed by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in shares of Deere & Company (NYSE:DE) by 10.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 219,088 shares of the industrial products company’s stock after selling 24,826 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.08% of Deere & Company worth $100,180,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DE. Financial Perspectives Inc lifted its stake in Deere & Company by 94.8% during the third quarter. Financial Perspectives Inc now owns 793 shares of the industrial products company’s stock worth $363,000 after purchasing an additional 386 shares during the last quarter. KG&L Capital Management LLC increased its stake in Deere & Company by 48.9% during the third quarter. KG&L Capital Management LLC now owns 10,313 shares of the industrial products company’s stock valued at $4,696,000 after purchasing an additional 3,385 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of Deere & Company by 4.6% during the third quarter. D.A. Davidson & CO. now owns 78,929 shares of the industrial products company’s stock worth $36,091,000 after purchasing an additional 3,458 shares during the period. Kercheville Advisors LLC lifted its position in shares of Deere & Company by 2.0% in the 3rd quarter. Kercheville Advisors LLC now owns 2,040 shares of the industrial products company’s stock worth $933,000 after buying an additional 40 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its holdings in shares of Deere & Company by 5.6% in the 3rd quarter. LS Investment Advisors LLC now owns 1,373 shares of the industrial products company’s stock valued at $628,000 after buying an additional 73 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 4.2%

Shares of NYSE:DE opened at $485.74 on Wednesday. The firm has a market cap of $131.37 billion, a P/E ratio of 26.24, a P/E/G ratio of 1.79 and a beta of 1.00. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 1.68. Deere & Company has a twelve month low of $403.01 and a twelve month high of $533.78. The company has a 50 day moving average of $473.43 and a 200-day moving average of $482.18.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($0.03). Deere & Company had a net margin of 11.00% and a return on equity of 20.54%. The firm had revenue of $12.39 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter last year, the business posted $4.55 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Wednesday, December 31st will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is presently 35.01%.

Insider Buying and Selling at Deere & Company

In related news, CEO John C. May II sold 11,106 shares of Deere & Company stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $500.08, for a total value of $5,553,888.48. Following the transaction, the chief executive officer directly owned 112,453 shares in the company, valued at $56,235,496.24. The trade was a 8.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DE shares. Jefferies Financial Group increased their price objective on shares of Deere & Company from $440.00 to $475.00 and gave the stock a “hold” rating in a research note on Tuesday, December 9th. Wells Fargo & Company began coverage on Deere & Company in a research report on Thursday, November 13th. They set an “overweight” rating and a $543.00 price target on the stock. JPMorgan Chase & Co. cut their price target on Deere & Company from $480.00 to $460.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. BMO Capital Markets restated a “market perform” rating and set a $460.00 price objective on shares of Deere & Company in a research report on Tuesday, December 9th. Finally, Wolfe Research increased their target price on Deere & Company from $520.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $524.20.

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.