Culbertson A N & Co. Inc. raised its holdings in shares of Deere & Company (NYSE:DE) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,919 shares of the industrial products company’s stock after buying an additional 395 shares during the period. Culbertson A N & Co. Inc.’s holdings in Deere & Company were worth $2,961,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bartlett & Co. LLC lifted its position in Deere & Company by 552.8% during the third quarter. Bartlett & Co. LLC now owns 105,048 shares of the industrial products company’s stock valued at $13,193,000 after buying an additional 88,955 shares in the last quarter. Bank of Nova Scotia Trust Co. acquired a new position in Deere & Company during the third quarter valued at approximately $302,000. Cutler Investment Counsel LLC lifted its position in Deere & Company by 1.3% during the second quarter. Cutler Investment Counsel LLC now owns 88,361 shares of the industrial products company’s stock valued at $10,921,000 after buying an additional 1,164 shares in the last quarter. California Public Employees Retirement System lifted its position in Deere & Company by 8.9% during the third quarter. California Public Employees Retirement System now owns 796,383 shares of the industrial products company’s stock valued at $100,018,000 after buying an additional 65,031 shares in the last quarter. Finally, Sun Life Financial INC lifted its position in Deere & Company by 12,552.9% during the second quarter. Sun Life Financial INC now owns 2,151 shares of the industrial products company’s stock valued at $266,000 after buying an additional 2,134 shares in the last quarter. 67.30% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company (DE) traded up $0.02 on Monday, reaching $170.34. 1,251,050 shares of the company traded hands, compared to its average volume of 2,401,769. The firm has a market capitalization of $54,550.00, a PE ratio of 25.62, a PEG ratio of 2.55 and a beta of 0.77. The company has a quick ratio of 1.95, a current ratio of 2.12 and a debt-to-equity ratio of 2.71. Deere & Company has a 1 year low of $105.04 and a 1 year high of $170.73.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. The firm had revenue of $7.09 billion for 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%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 earnings per share. sell-side analysts predict that Deere & Company will post 8.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, December 29th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.40 annualized dividend and a yield of 1.41%. Deere & Company’s dividend payout ratio is presently 36.09%.

In other Deere & Company news, insider John C. May II sold 18,626 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $130.76, for a total transaction of $2,435,535.76. Following the completion of the sale, the insider now owns 37,462 shares in the company, valued at $4,898,531.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Rajesh Kalathur sold 4,519 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $148.92, for a total transaction of $672,969.48. Following the sale, the chief financial officer now owns 36,288 shares of the company’s stock, valued at approximately $5,404,008.96. The disclosure for this sale can be found here. Insiders sold 246,097 shares of company stock worth $35,868,394 over the last ninety days. 0.74% of the stock is currently owned by corporate insiders.

A number of research analysts have recently commented on DE shares. Citigroup boosted their target price on shares of Deere & Company from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Seaport Global Securities reissued a “hold” rating on shares of Deere & Company in a research report on Thursday. Stifel Nicolaus reissued a “buy” rating and set a $184.00 target price (up from $161.00) on shares of Deere & Company in a research report on Wednesday, January 17th. Robert W. Baird reissued a “buy” rating and set a $185.00 target price on shares of Deere & Company in a research report on Friday, January 12th. Finally, Royal Bank of Canada raised shares of Deere & Company from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from $190.00 to $155.00 in a research report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $151.87.

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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.

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

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