Vontobel Holding Ltd. Sells 13,665 Shares of Deere & Company $DE

by · The Markets Daily

Vontobel Holding Ltd. decreased its stake in shares of Deere & Company (NYSE:DEFree Report) by 16.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,272 shares of the industrial products company’s stock after selling 13,665 shares during the quarter. Vontobel Holding Ltd.’s holdings in Deere & Company were worth $32,590,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its position in Deere & Company by 30.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 364,103 shares of the industrial products company’s stock valued at $185,143,000 after acquiring an additional 85,351 shares in the last quarter. OLD National Bancorp IN lifted its stake in shares of Deere & Company by 2.6% during the 2nd quarter. OLD National Bancorp IN now owns 24,000 shares of the industrial products company’s stock worth $12,204,000 after purchasing an additional 610 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its position 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 valued at $2,379,000 after purchasing an additional 45 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH purchased a new position in Deere & Company in the second quarter valued at about $3,615,000. Finally, WINTON GROUP Ltd purchased a new position in Deere & Company in the second quarter valued at about $4,550,000. Institutional investors own 68.58% of the company’s stock.

Insider Activity at Deere & Company

In other news, CEO John C. May II sold 11,106 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $500.08, for a total value of $5,553,888.48. Following the completion of the transaction, the chief executive officer owned 112,453 shares of the company’s stock, valued at approximately $56,235,496.24. This trade represents a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.29% of the company’s stock.

Deere & Company Stock Performance

NYSE DE opened at $467.02 on Wednesday. The stock has a fifty day simple moving average of $472.34 and a 200-day simple moving average of $485.76. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 1.68. The stock has a market cap of $126.30 billion, a PE ratio of 25.23, a P/E/G ratio of 1.76 and a beta of 1.00. Deere & Company has a twelve month low of $403.01 and a twelve month high of $533.78.

Deere & Company (NYSE:DEGet Free Report) last posted its earnings results on Wednesday, November 26th. The industrial products company reported $3.93 EPS for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). Deere & Company had a net margin of 11.00% and a return on equity of 20.54%. The company had revenue of $12.39 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period in the previous year, the company earned $4.55 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. Equities analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Wednesday, December 31st will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 31st. Deere & Company’s dividend payout ratio is currently 35.01%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. UBS Group reaffirmed a “buy” rating on shares of Deere & Company in a research report on Tuesday, November 25th. Wells Fargo & Company began coverage on Deere & Company in a research note on Thursday, November 13th. They set an “overweight” rating and a $543.00 price objective for the company. Daiwa Capital Markets dropped their price target on shares of Deere & Company from $530.00 to $520.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 2nd. Zacks Research upgraded shares of Deere & Company from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $522.70.

Check Out Our Latest Stock Analysis on DE

Deere & Company Profile

(Free Report)

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.

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