Deere & Company (NYSE:DE) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC reduced its position in shares of Deere & Company (NYSE:DE) by 14.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,020 shares of the industrial products company’s stock after selling 166 shares during the quarter. Sentry Investment Management LLC’s holdings in Deere & Company were worth $432,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DE. Assenagon Asset Management S.A. raised its stake in shares of Deere & Company by 12.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,680 shares of the industrial products company’s stock worth $3,622,000 after buying an additional 927 shares during the period. GHP Investment Advisors Inc. increased its holdings in Deere & Company by 21.6% in the 3rd quarter. GHP Investment Advisors Inc. now owns 743 shares of the industrial products company’s stock worth $310,000 after acquiring an additional 132 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Deere & Company by 11.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 175,338 shares of the industrial products company’s stock worth $73,086,000 after acquiring an additional 18,188 shares during the period. State of Alaska Department of Revenue lifted its holdings in Deere & Company by 5.8% during the third quarter. State of Alaska Department of Revenue now owns 29,788 shares of the industrial products company’s stock valued at $12,431,000 after purchasing an additional 1,635 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its holdings in Deere & Company by 34.6% during the third quarter. J.W. Cole Advisors Inc. now owns 7,999 shares of the industrial products company’s stock valued at $3,338,000 after purchasing an additional 2,056 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the transaction, the insider now directly owns 74,878 shares in the company, valued at $37,484,675.58. This represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.29% of the company’s stock.

Deere & Company Trading Down 1.2 %

DE opened at $484.24 on Tuesday. The stock has a market capitalization of $131.88 billion, a PE ratio of 21.46, a P/E/G ratio of 2.14 and a beta of 0.98. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The business’s 50 day moving average price is $452.99 and its 200 day moving average price is $422.92.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. As a group, equities research analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.34%. The ex-dividend date was Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio (DPR) is 28.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Truist Financial reiterated a “buy” rating and issued a $546.00 price objective (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Morgan Stanley boosted their price target on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Evercore ISI increased their price objective on Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. StockNews.com cut shares of Deere & Company from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. increased their target price on shares of Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $454.65.

About Deere & Company

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.