Acropolis Investment Management LLC decreased its stake in Deere & Company (NYSE:DE) by 62.4% in the 4th quarter, Holdings Channel reports. The firm owned 15,909 shares of the industrial products company’s stock after selling 26,441 shares during the quarter. Deere & Company makes up about 0.4% of Acropolis Investment Management LLC’s investment portfolio, making the stock its 26th biggest position. Acropolis Investment Management LLC’s holdings in Deere & Company were worth $2,490,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Deere & Company by 5.6% in the 2nd quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock valued at $2,668,774,000 after purchasing an additional 1,153,484 shares during the last quarter. BlackRock Inc. lifted its stake in Deere & Company by 2.5% in the 2nd quarter. BlackRock Inc. now owns 17,125,313 shares of the industrial products company’s stock valued at $2,116,517,000 after purchasing an additional 409,861 shares during the last quarter. Capital International Investors lifted its stake in Deere & Company by 35.4% in the 3rd quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock valued at $1,106,131,000 after purchasing an additional 2,300,531 shares during the last quarter. FMR LLC lifted its stake in Deere & Company by 18.3% in the 2nd quarter. FMR LLC now owns 5,032,313 shares of the industrial products company’s stock valued at $621,943,000 after purchasing an additional 777,519 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Deere & Company by 21.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,621,764 shares of the industrial products company’s stock valued at $454,857,000 after purchasing an additional 634,001 shares during the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

Deere & Company (DE) traded up $2.52 during trading hours on Thursday, reaching $167.46. 1,960,000 shares of the company’s stock were exchanged, compared to its average volume of 2,120,000. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95. The firm has a market capitalization of $53,800.00, a PE ratio of 25.18, a price-to-earnings-growth ratio of 2.46 and a beta of 0.77. Deere & Company has a 1-year low of $103.99 and a 1-year high of $168.44.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The business had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.91 billion. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period last year, the company posted $0.90 earnings per share. research analysts forecast that Deere & Company will post 7.95 EPS for the current year.

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

Several equities analysts have recently issued reports on the stock. Wells Fargo & Co reaffirmed a “buy” rating and set a $170.00 price target on shares of Deere & Company in a research note on Thursday, November 23rd. Deutsche Bank raised shares of Deere & Company from a “hold” rating to a “buy” rating and raised their price target for the company from $149.00 to $167.00 in a research note on Thursday, November 23rd. Zacks Investment Research raised shares of Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research note on Thursday, November 2nd. BMO Capital Markets reaffirmed a “buy” rating and set a $150.00 price target on shares of Deere & Company in a research note on Thursday, November 2nd. Finally, Argus reaffirmed a “buy” rating and set a $165.00 price target on shares of Deere & Company in a research note on Monday, November 27th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $145.38.

In other Deere & Company news, VP Mary K.W. Jones sold 10,220 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $165.06, for a total value of $1,686,913.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Rajesh Kalathur sold 4,519 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $148.92, for a total transaction of $672,969.48. Following the completion of the sale, the chief financial officer now owns 36,288 shares of the company’s stock, valued at $5,404,008.96. The disclosure for this sale can be found here. Insiders sold 212,767 shares of company stock valued at $30,215,798 over the last 90 days. Corporate insiders own 0.75% of the company’s stock.

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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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