Butensky & Cohen Financial Security Inc. trimmed its holdings in shares of Deere & Company (NYSE:DE) by 9.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,393 shares of the industrial products company’s stock after selling 1,281 shares during the period. Butensky & Cohen Financial Security Inc.’s holdings in Deere & Company were worth $1,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Fox Run Management L.L.C. purchased a new stake in Deere & Company during the 4th quarter worth about $830,000. Acadian Asset Management LLC lifted its holdings in Deere & Company by 210.5% during the 4th quarter. Acadian Asset Management LLC now owns 3,956 shares of the industrial products company’s stock worth $619,000 after buying an additional 2,682 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Deere & Company by 2.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,268,677 shares of the industrial products company’s stock worth $198,561,000 after purchasing an additional 32,622 shares in the last quarter. Burns J W & Co. Inc. NY acquired a new stake in shares of Deere & Company during the fourth quarter worth about $215,000. Finally, Coastline Trust Co increased its position in shares of Deere & Company by 39.0% during the fourth quarter. Coastline Trust Co now owns 7,700 shares of the industrial products company’s stock worth $1,205,000 after purchasing an additional 2,160 shares in the last quarter. 67.37% of the stock is owned by institutional investors.

In other Deere & Company news, CFO Rajesh Kalathur sold 4,519 shares of Deere & Company stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $148.92, for a total value of $672,969.48. Following the sale, the chief financial officer now owns 36,288 shares of the company’s stock, valued at approximately $5,404,008.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mary K.W. Jones sold 34,136 shares of Deere & Company stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $124.72, for a total value of $4,257,441.92. The disclosure for this sale can be found here. Insiders sold a total of 246,097 shares of company stock worth $35,868,394 in the last ninety days. 0.85% of the stock is owned by corporate insiders.

A number of analysts have recently commented on DE shares. Deutsche Bank reiterated a “hold” rating and set a $129.00 target price (down previously from $135.00) on shares of Deere & Company in a research report on Monday, October 9th. Robert W. Baird reiterated a “hold” rating and set a $140.00 target price on shares of Deere & Company in a research report on Thursday, October 12th. BMO Capital Markets reiterated a “buy” rating and set a $150.00 target price on shares of Deere & Company in a research report on Thursday, November 2nd. Zacks Investment Research upgraded Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Thursday, November 2nd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $155.00 target price (up previously from $134.00) on shares of Deere & Company in a research report on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $149.78.

Shares of Deere & Company (NYSE DE) traded down $0.11 during mid-day trading on Thursday, reaching $167.43. The company had a trading volume of 1,960,300 shares, compared to its average volume of 2,493,027. The firm has a market cap of $53,930.00, a PE ratio of 25.18, a PEG ratio of 2.51 and a beta of 0.77. Deere & Company has a 1 year low of $104.45 and a 1 year high of $170.73. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.10. The firm had revenue of $7.09 billion for the quarter, compared to analysts’ expectations of $6.91 billion. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 EPS. equities research analysts predict that Deere & Company will post 8.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, December 29th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.43%. The ex-dividend date is Thursday, December 28th. Deere & Company’s dividend payout ratio (DPR) is presently 36.09%.

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Deere & Company Profile

Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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