ING Groep NV lowered its stake in Deere & Company (NYSE:DE) by 50.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 14,336 shares of the company’s stock after selling 14,780 shares during the period. ING Groep NV’s holdings in Deere & Company were worth $1,480,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Generation Investment Management LLP boosted its position in Deere & Company by 12.8% in the third quarter. Generation Investment Management LLP now owns 6,838,253 shares of the company’s stock valued at $583,645,000 after buying an additional 775,827 shares during the period. First Eagle Investment Management LLC boosted its position in Deere & Company by 20.4% in the third quarter. First Eagle Investment Management LLC now owns 6,325,129 shares of the company’s stock valued at $539,850,000 after buying an additional 1,072,390 shares during the period. Primecap Management Co. CA boosted its position in Deere & Company by 3.1% in the second quarter. Primecap Management Co. CA now owns 5,451,419 shares of the company’s stock valued at $441,783,000 after buying an additional 164,900 shares during the period. BlackRock Fund Advisors boosted its position in Deere & Company by 1.9% in the third quarter. BlackRock Fund Advisors now owns 3,448,991 shares of the company’s stock valued at $294,371,000 after buying an additional 63,806 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in Deere & Company by 5.9% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,783,231 shares of the company’s stock valued at $225,553,000 after buying an additional 154,105 shares during the period. Institutional investors own 71.09% of the company’s stock.

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

Deere & Company (NYSE:DE) opened at 109.17 on Friday. The stock has a market cap of $34.59 billion, a P/E ratio of 22.70 and a beta of 0.73. The firm’s 50-day moving average is $106.91 and its 200-day moving average is $93.32. Deere & Company has a 12 month low of $74.91 and a 12 month high of $112.18.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Wednesday, November 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.50. Deere & Company had a net margin of 5.72% and a return on equity of 21.97%. The company earned $6.52 billion during the quarter. During the same period last year, the business earned $1.08 EPS. The firm’s revenue was down 4.8% compared to the same quarter last year. On average, equities analysts forecast that Deere & Company will post $4.52 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 1st. Shareholders of record on Friday, December 30th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Wednesday, December 28th. Deere & Company’s dividend payout ratio (DPR) is 49.90%.

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DE has been the subject of several analyst reports. Robert W. Baird upgraded shares of Deere & Company from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $86.00 to $100.00 in a report on Monday, October 31st. BMO Capital Markets reiterated an “outperform” rating and set a $120.00 price target on shares of Deere & Company in a report on Friday, December 16th. Mizuho downgraded shares of Deere & Company from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 9th. Longbow Research upgraded shares of Deere & Company from an “underperform” rating to a “neutral” rating in a research report on Friday, November 25th. Finally, Zacks Investment Research downgraded shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $94.67.

In other Deere & Company news, insider Max A. Guinn sold 36,402 shares of the stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $102.94, for a total value of $3,747,221.88. Following the completion of the sale, the insider now owns 55,427 shares of the company’s stock, valued at $5,705,655.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John C. May II sold 18,614 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $96.46, for a total transaction of $1,795,506.44. Following the completion of the sale, the insider now directly owns 28,926 shares of the company’s stock, valued at approximately $2,790,201.96. The disclosure for this sale can be found here. Insiders sold 104,980 shares of company stock valued at $10,622,568 in the last ninety days. 0.75% of the stock is owned by corporate insiders.

Deere & Company Company Profile

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.

5 Day Chart for NYSE:DE

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