Commerzbank Aktiengesellschaft FI Sells 3,045 Shares of Deere & Company (NYSE:DE)

Commerzbank Aktiengesellschaft FI lowered its stake in shares of Deere & Company (NYSE:DE) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,425 shares of the industrial products company’s stock after selling 3,045 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Deere & Company were worth $11,620,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in Deere & Company by 2.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,619 shares of the industrial products company’s stock worth $1,510,000 after buying an additional 88 shares during the period. F M Investments LLC increased its position in shares of Deere & Company by 38.4% during the third quarter. F M Investments LLC now owns 1,929 shares of the industrial products company’s stock valued at $805,000 after buying an additional 535 shares during the period. Clear Creek Financial Management LLC lifted its holdings in shares of Deere & Company by 21.5% in the third quarter. Clear Creek Financial Management LLC now owns 1,574 shares of the industrial products company’s stock worth $657,000 after buying an additional 279 shares in the last quarter. Optas LLC boosted its position in shares of Deere & Company by 9.4% in the third quarter. Optas LLC now owns 686 shares of the industrial products company’s stock valued at $286,000 after acquiring an additional 59 shares during the period. Finally, Conning Inc. grew its stake in Deere & Company by 19.4% during the third quarter. Conning Inc. now owns 2,453 shares of the industrial products company’s stock valued at $1,024,000 after acquiring an additional 399 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of Deere & Company stock opened at $465.37 on Tuesday. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The business’s 50 day simple moving average is $457.61 and its two-hundred day simple moving average is $427.33. The stock has a market capitalization of $126.74 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 2.14 and a beta of 0.98.

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

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company’s dividend payout ratio (DPR) is 28.72%.

Insider Transactions at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the completion of the sale, the insider now owns 74,878 shares of the company’s stock, valued at $37,484,675.58. This trade represents a 24.71 % decrease in their ownership of the stock. 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 company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on DE shares. Robert W. Baird reiterated a “neutral” rating and issued a $501.00 target price on shares of Deere & Company in a research note on Monday. Citigroup increased their price objective on Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Baird R W cut Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday. Evercore ISI upped their target price on Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Finally, Barclays lifted their price target on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $457.22.

Deere & Company Profile

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.