Vanguard Personalized Indexing Management LLC Sells 1,051 Shares of Deere & Company $DE

Vanguard Personalized Indexing Management LLC decreased its holdings in Deere & Company (NYSE:DE) by 2.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,751 shares of the industrial products company’s stock after selling 1,051 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Deere & Company were worth $16,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in shares of Deere & Company by 30.6% in the second quarter. The Manufacturers Life Insurance Company now owns 364,103 shares of the industrial products company’s stock worth $185,143,000 after acquiring an additional 85,351 shares during the period. OLD National Bancorp IN grew its holdings in shares of Deere & Company by 2.6% in the second quarter. OLD National Bancorp IN now owns 24,000 shares of the industrial products company’s stock valued at $12,204,000 after purchasing an additional 610 shares during the period. Csenge Advisory Group increased its holdings in shares of Deere & Company by 84.9% during the 3rd quarter. Csenge Advisory Group now owns 7,440 shares of the industrial products company’s stock worth $3,402,000 after buying an additional 3,416 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its stake in Deere & Company by 1.0% during the second quarter. Mesirow Financial Investment Management Inc. now owns 4,678 shares of the industrial products company’s stock worth $2,379,000 after acquiring an additional 45 shares during the last quarter. Finally, MASTERINVEST Kapitalanlage GmbH purchased a new stake in Deere & Company in the 2nd quarter valued at about $3,615,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Deere & Company

In other news, CEO John C. May II sold 41,472 shares of Deere & Company stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $501.49, for a total value of $20,797,793.28. Following the transaction, the chief executive officer directly owned 117,970 shares of the company’s stock, valued at $59,160,775.30. The trade was a 26.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Cory J. Reed sold 12,000 shares of the stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the sale, the insider directly owned 20,792 shares of the company’s stock, valued at approximately $10,603,920. This trade represents a 36.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 64,578 shares of company stock worth $32,471,682 over the last ninety days. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Jefferies Financial Group boosted their target price on Deere & Company from $440.00 to $475.00 and gave the company a “hold” rating in a research report on Tuesday, December 9th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Deere & Company in a report on Monday, December 1st. Wells Fargo & Company started coverage on shares of Deere & Company in a report on Thursday, November 13th. They issued an “overweight” rating and a $543.00 target price for the company. Evercore ISI restated a “positive” rating on shares of Deere & Company in a research note on Friday, November 28th. Finally, Daiwa Capital Markets dropped their price objective on shares of Deere & Company from $530.00 to $520.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 2nd. Fifteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $524.20.

Deere & Company Stock Performance

Deere & Company stock opened at $514.92 on Monday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.01 and a current ratio of 2.22. The stock has a fifty day moving average of $482.61 and a two-hundred day moving average of $481.67. The company has a market capitalization of $139.58 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 1.97 and a beta of 1.00. Deere & Company has a fifty-two week low of $404.42 and a fifty-two week high of $533.78.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($0.03). The firm had revenue of $12.39 billion for the quarter, compared to analyst estimates of $9.77 billion. Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.Deere & Company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the business earned $4.55 earnings per share. On average, analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Wednesday, December 31st will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, December 31st. Deere & Company’s payout ratio is presently 35.01%.

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.