Fieldview Capital Management LLC Has $740,000 Stock Holdings in Deere & Company $DE

Fieldview Capital Management LLC decreased its stake in Deere & Company (NYSE:DE) by 83.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,619 shares of the industrial products company’s stock after selling 8,205 shares during the quarter. Fieldview Capital Management LLC’s holdings in Deere & Company were worth $740,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. The Manufacturers Life Insurance Company grew its stake in Deere & Company by 30.6% in the second quarter. The Manufacturers Life Insurance Company now owns 364,103 shares of the industrial products company’s stock valued at $185,143,000 after purchasing an additional 85,351 shares in the last quarter. Csenge Advisory Group raised its stake in shares of Deere & Company by 84.9% during the 3rd quarter. Csenge Advisory Group now owns 7,440 shares of the industrial products company’s stock worth $3,402,000 after purchasing an additional 3,416 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of Deere & Company during the 2nd quarter worth about $3,615,000. WINTON GROUP Ltd acquired a new stake in shares of Deere & Company during the 2nd quarter valued at about $4,550,000. Finally, Compagnie Lombard Odier SCmA lifted its holdings in shares of Deere & Company by 66.1% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 27,568 shares of the industrial products company’s stock valued at $12,606,000 after buying an additional 10,974 shares during the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO John C. May II sold 41,472 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the completion of the sale, the chief executive officer owned 117,970 shares of the company’s stock, valued at approximately $59,160,775.30. This trade represents a 26.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Cory J. Reed sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the completion of the sale, the insider owned 20,792 shares of the company’s stock, valued at $10,603,920. The trade was a 36.59% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by company insiders.

Deere & Company Stock Performance

NYSE:DE opened at $592.69 on Wednesday. The firm has a market capitalization of $160.09 billion, a PE ratio of 33.41, a PEG ratio of 2.11 and a beta of 0.96. The firm’s fifty day simple moving average is $557.00 and its 200 day simple moving average is $501.12. Deere & Company has a 1 year low of $404.42 and a 1 year high of $674.19. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.52. The business had revenue of $9.61 billion for the quarter, compared to analyst estimates of $7.50 billion. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. Deere & Company’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.19 earnings per share. On average, sell-side analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. Deere & Company’s dividend payout ratio (DPR) is presently 36.53%.

Wall Street Analyst Weigh In

DE has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price objective on Deere & Company from $480.00 to $460.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Deere & Company in a research note on Monday, December 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a research report on Monday, December 29th. Robert W. Baird raised their price target on shares of Deere & Company from $467.00 to $675.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, Wolfe Research lifted their price objective on shares of Deere & Company from $520.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, January 2nd. Sixteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus target price of $644.70.

Deere & Company Company Profile

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.