Kintegral Advisory LLC Sells 259 Shares of Deere & Company (NYSE:DE)

Kintegral Advisory LLC decreased its position in Deere & Company (NYSE:DE) by 4.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,557 shares of the industrial products company’s stock after selling 259 shares during the period. Kintegral Advisory LLC’s holdings in Deere & Company were worth $2,364,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in shares of Deere & Company by 46,892.9% during the 3rd quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company’s stock valued at $322,218,000 after purchasing an additional 770,451 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in 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. DT Investment Partners LLC lifted its stake in Deere & Company by 16.5% in the third quarter. DT Investment Partners LLC now owns 466 shares of the industrial products company’s stock valued at $194,000 after buying an additional 66 shares in the last quarter. Tectonic Advisors LLC acquired a new position in shares of Deere & Company in the third quarter valued at approximately $484,000. Finally, Harbour Trust & Investment Management Co boosted its holdings in shares of Deere & Company by 1.4% in the third quarter. Harbour Trust & Investment Management Co now owns 28,005 shares of the industrial products company’s stock valued at $11,687,000 after buying an additional 390 shares during the period. Institutional investors own 68.58% of the company’s stock.

Insider Buying and Selling

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

Deere & Company Stock Performance

NYSE DE opened at $489.98 on Friday. The firm has a 50-day moving average price of $452.07 and a two-hundred day moving average price of $420.91. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05. The company has a market capitalization of $133.45 billion, a P/E ratio of 21.72, a P/E/G ratio of 2.20 and a beta of 0.98. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (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%. Analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Tuesday, December 31st were given a $1.62 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio (DPR) is presently 28.72%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DE shares. Morgan Stanley boosted their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Evercore ISI lifted their target price on Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a research report on Wednesday. Oppenheimer upped their price target on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Jefferies Financial Group downgraded shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their price target on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.