Natixis Advisors LLC Increases Holdings in Deere & Company (NYSE:DE)

Natixis Advisors LLC lifted its position in shares of Deere & Company (NYSE:DE) by 32.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 220,918 shares of the industrial products company’s stock after purchasing an additional 54,022 shares during the quarter. Natixis Advisors LLC’s holdings in Deere & Company were worth $93,602,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Frank Rimerman Advisors LLC raised its holdings in shares of Deere & Company by 3.6% during the 4th quarter. Frank Rimerman Advisors LLC now owns 3,967 shares of the industrial products company’s stock valued at $1,681,000 after buying an additional 137 shares in the last quarter. Harrington Investments INC increased its stake in Deere & Company by 1.4% in the 4th quarter. Harrington Investments INC now owns 4,810 shares of the industrial products company’s stock worth $2,038,000 after purchasing an additional 67 shares during the period. Clearstead Trust LLC purchased a new position in Deere & Company in the 4th quarter worth approximately $3,338,000. Greykasell Wealth Strategies Inc. purchased a new position in Deere & Company in the 4th quarter worth approximately $754,000. Finally, Montis Financial LLC increased its stake in Deere & Company by 3.8% in the 4th quarter. Montis Financial LLC now owns 2,726 shares of the industrial products company’s stock worth $1,155,000 after purchasing an additional 100 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Argus set a $510.00 price target on Deere & Company in a research note on Friday, March 7th. Baird R W cut Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Oppenheimer boosted their target price on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. boosted their target price on Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Finally, Truist Financial reissued a “buy” rating and set a $546.00 target price (down from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $460.00.

Deere & Company Trading Up 2.5 %

Deere & Company stock opened at $478.67 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. The business’s fifty day simple moving average is $466.59 and its two-hundred day simple moving average is $433.24. 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 $129.92 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01.

Deere & Company (NYSE:DE) last released 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 return on equity of 27.31% and a net margin of 12.94%. As a group, equities analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Monday, March 31st. Deere & Company’s payout ratio is currently 28.72%.

Insider Activity

In other 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 of the company’s stock, valued at $37,484,675.58. This represents a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.29% of the company’s stock.

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.