Deere & Company (NYSE:DE) Shares Acquired by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc grew its position in Deere & Company (NYSE:DE) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,427 shares of the industrial products company’s stock after acquiring an additional 157 shares during the period. Pinnacle Financial Partners Inc’s holdings in Deere & Company were worth $15,715,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of DE. International Assets Investment Management LLC increased its stake in shares of Deere & Company by 46,892.9% during the third quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company’s stock worth $322,218,000 after purchasing an additional 770,451 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Deere & Company by 12.0% during the third quarter. Assenagon Asset Management S.A. now owns 8,680 shares of the industrial products company’s stock worth $3,622,000 after purchasing an additional 927 shares in the last quarter. DT Investment Partners LLC increased its stake in shares of Deere & Company by 16.5% during the third quarter. DT Investment Partners LLC now owns 466 shares of the industrial products company’s stock worth $194,000 after purchasing an additional 66 shares in the last quarter. Tectonic Advisors LLC purchased a new stake in shares of Deere & Company during the third quarter worth about $484,000. Finally, Harbour Trust & Investment Management Co increased its stake in shares of Deere & Company by 1.4% during the third quarter. Harbour Trust & Investment Management Co now owns 28,005 shares of the industrial products company’s stock worth $11,687,000 after purchasing an additional 390 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Insiders Place Their Bets

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

Deere & Company Price Performance

Deere & Company stock opened at $489.98 on Friday. The firm has a market cap of $133.45 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.20 and a beta of 0.98. Deere & Company has a 52-week low of $340.20 and a 52-week high of $515.05. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The company’s 50 day moving average is $452.07 and its two-hundred day moving average is $420.91.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. On average, research analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st were issued a dividend of $1.62 per share. The ex-dividend date was Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a yield of 1.32%. Deere & Company’s dividend payout ratio is 28.72%.

Analysts Set New Price Targets

A number of research firms have recently commented on DE. JPMorgan Chase & Co. boosted their target price on shares of Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Morgan Stanley upped their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Jefferies Financial Group cut shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective for the company. in a research note on Friday, December 6th. UBS Group upped their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Finally, Citigroup upped their price objective on shares of Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Deere & Company has an average rating of “Hold” and a consensus target price of $454.65.

Deere & Company 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.