Parkside Financial Bank & Trust Sells 78 Shares of Deere & Company (NYSE:DE)

Parkside Financial Bank & Trust cut its holdings in shares of Deere & Company (NYSE:DE) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,730 shares of the industrial products company’s stock after selling 78 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Deere & Company were worth $1,157,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pineridge Advisors LLC raised its holdings in Deere & Company by 60.5% during the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 26 shares during the period. Modus Advisors LLC bought a new stake in Deere & Company during the fourth quarter valued at about $32,000. YANKCOM Partnership bought a new stake in Deere & Company during the fourth quarter valued at about $34,000. Synergy Asset Management LLC bought a new stake in Deere & Company during the fourth quarter valued at about $35,000. Finally, Continuum Advisory LLC raised its holdings in Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares during the period. 68.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DE shares. Citigroup lifted their target price on Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. StockNews.com cut Deere & Company from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Oppenheimer lifted their target price on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Morgan Stanley lifted their target price on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Finally, Jefferies Financial Group cut Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $454.65.

Insider Activity at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is owned by company insiders.

Deere & Company Trading Up 0.5 %

DE opened at $480.69 on Friday. The firm has a market cap of $130.92 billion, a P/E ratio of 21.31, a P/E/G ratio of 2.14 and a beta of 0.98. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05. 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 stock has a 50-day moving average of $456.00 and a 200 day moving average of $424.69.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating 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, research analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.35%. Deere & Company’s dividend payout ratio (DPR) is presently 28.72%.

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.