Ladenburg Thalmann Financial Services Inc. lowered its position in shares of Deere & Company (NYSE:DE) by 37.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,967 shares of the industrial products company’s stock after selling 36,781 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Deere & Company were worth $10,289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DE. Ilmarinen Mutual Pension Insurance Co purchased a new stake in Deere & Company during the 3rd quarter worth approximately $7,927,000. Voya Financial Advisors Inc. lifted its position in Deere & Company by 11.4% in the 3rd quarter. Voya Financial Advisors Inc. now owns 3,119 shares of the industrial products company’s stock valued at $519,000 after purchasing an additional 320 shares during the last quarter. Redpoint Investment Management Pty Ltd raised its holdings in shares of Deere & Company by 2.0% during the third quarter. Redpoint Investment Management Pty Ltd now owns 15,717 shares of the industrial products company’s stock valued at $2,651,000 after buying an additional 308 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of Deere & Company during the third quarter worth approximately $1,140,000. Finally, J.P. Marvel Investment Advisors LLC acquired a new position in shares of Deere & Company during the third quarter worth approximately $4,987,000. 67.94% of the stock is owned by institutional investors.

NYSE DE opened at $128.49 on Thursday. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.12 and a quick ratio of 1.84. The firm has a market capitalization of $39.52 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 2.73 and a beta of 1.05. The company has a 50 day simple moving average of $154.17 and a 200-day simple moving average of $166.41. Deere & Company has a 52-week low of $106.14 and a 52-week high of $181.99.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Friday, February 21st. The industrial products company reported $1.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.35. Deere & Company had a net margin of 8.41% and a return on equity of 26.92%. The firm had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the prior year, the business earned $1.54 EPS. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, analysts predict that Deere & Company will post 9.23 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Monday, March 30th. Deere & Company’s dividend payout ratio is currently 30.58%.

DE has been the topic of several analyst reports. Argus restated a “buy” rating and issued a $166.65 target price (down from $185.00) on shares of Deere & Company in a research report on Wednesday, February 26th. Goldman Sachs Group decreased their price target on Deere & Company from $208.00 to $182.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. Wells Fargo & Co raised their price target on Deere & Company from $177.00 to $185.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Citigroup lowered their price target on Deere & Company from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Finally, Bank of America upgraded shares of Deere & Company from an “underperform” rating to a “buy” rating in a report on Monday, March 2nd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $173.03.

In related news, insider Pentz Markwart Von sold 7,562 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $178.00, for a total transaction of $1,346,036.00. Following the completion of the sale, the insider now directly owns 67,974 shares in the company, valued at $12,099,372. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

About Deere & Company

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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