Osterweis Capital Management Inc. Has $22.13 Million Holdings in Deere & Company (NYSE:DE)

Osterweis Capital Management Inc. decreased its holdings in Deere & Company (NYSE:DE) by 0.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,241 shares of the industrial products company’s stock after selling 64 shares during the quarter. Osterweis Capital Management Inc.’s holdings in Deere & Company were worth $22,134,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank acquired a new stake in shares of Deere & Company during the 4th quarter worth approximately $1,244,094,000. FMR LLC boosted its stake in Deere & Company by 22.9% in the fourth quarter. FMR LLC now owns 5,581,408 shares of the industrial products company’s stock valued at $2,364,843,000 after buying an additional 1,039,395 shares in the last quarter. Raymond James Financial Inc. bought a new position in Deere & Company in the fourth quarter valued at about $296,232,000. Proficio Capital Partners LLC raised its stake in Deere & Company by 52,200.3% during the fourth quarter. Proficio Capital Partners LLC now owns 530,848 shares of the industrial products company’s stock worth $224,920,000 after acquiring an additional 529,833 shares in the last quarter. Finally, Strategic Wealth Investment Group LLC acquired a new stake in shares of Deere & Company in the 4th quarter valued at approximately $148,359,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DE shares. JPMorgan Chase & Co. raised their target price on shares of Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Robert W. Baird reaffirmed a “neutral” rating and issued a $501.00 target price on shares of Deere & Company in a report on Monday, March 3rd. Baird R W cut Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Morgan Stanley raised their price objective on shares of Deere & Company from $450.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Argus set a $510.00 target price on shares of Deere & Company in a report on Friday, March 7th. One 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, Deere & Company currently has an average rating of “Hold” and a consensus target price of $459.89.

Deere & Company Price Performance

Shares of DE opened at $452.69 on Thursday. The firm has a market cap of $122.87 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. Deere & Company has a 52-week low of $340.20 and a 52-week high of $515.05. The business’s 50 day moving average price is $470.59 and its two-hundred day moving average price is $444.04. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be paid a $1.62 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.43%. Deere & Company’s dividend payout ratio (DPR) is presently 28.72%.

Insider Transactions at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the completion of the sale, the insider now directly owns 74,878 shares of the company’s stock, valued at $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is owned by insiders.

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.