Toronto Dominion Bank Sells 260 Shares of Deere & Company (NYSE:DE)

Toronto Dominion Bank lowered its stake in shares of Deere & Company (NYSE:DE) by 0.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 86,692 shares of the industrial products company’s stock after selling 260 shares during the quarter. Toronto Dominion Bank’s holdings in Deere & Company were worth $36,731,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Robertson Stephens Wealth Management LLC lifted its stake in Deere & Company by 2.2% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company’s stock worth $426,000 after purchasing an additional 22 shares during the last quarter. DLK Investment Management LLC lifted its stake in Deere & Company by 0.3% during the fourth quarter. DLK Investment Management LLC now owns 8,212 shares of the industrial products company’s stock worth $3,479,000 after purchasing an additional 24 shares during the last quarter. Quent Capital LLC lifted its stake in Deere & Company by 2.8% during the fourth quarter. Quent Capital LLC now owns 889 shares of the industrial products company’s stock worth $377,000 after purchasing an additional 24 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in Deere & Company by 0.3% during the fourth quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company’s stock worth $3,398,000 after purchasing an additional 24 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. lifted its stake in Deere & Company by 1.2% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 2,115 shares of the industrial products company’s stock worth $896,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

DE has been the subject of several recent analyst reports. Truist Financial boosted their target price on Deere & Company from $546.00 to $619.00 and gave the stock a “buy” rating in a research note on Friday. Robert W. Baird boosted their price objective on Deere & Company from $501.00 to $514.00 and gave the company a “neutral” rating in a research note on Friday. UBS Group reduced their price objective on Deere & Company from $462.00 to $440.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Evercore ISI boosted their price objective on Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Finally, Raymond James boosted their price objective on Deere & Company from $530.00 to $560.00 and gave the company an “outperform” rating in a research note on Friday. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $504.38.

Deere & Company Price Performance

Shares of NYSE DE opened at $531.79 on Monday. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The stock has a fifty day moving average price of $468.29 and a 200 day moving average price of $455.02. Deere & Company has a 1-year low of $340.20 and a 1-year high of $533.78. The company has a market cap of $144.34 billion, a PE ratio of 23.57, a P/E/G ratio of 2.14 and a beta of 1.08.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, topping the consensus estimate of $5.72 by $0.92. The firm had revenue of $11.17 billion during the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The company’s revenue for the quarter was down 17.9% on a year-over-year basis. During the same period last year, the company earned $8.53 earnings per share. Sell-side analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Monday, March 31st were given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.22%. The ex-dividend date was Monday, March 31st. Deere & Company’s payout ratio is 28.72%.

Insiders Place Their Bets

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the completion of the transaction, the insider now owns 74,878 shares in the company, valued at approximately $37,484,675.58. This represents a 24.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.29% of the stock is currently owned by company insiders.

Deere & 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.