Atlantic Union Bankshares Corp Has $4.81 Million Stock Position in Deere & Company (NYSE:DE)

Atlantic Union Bankshares Corp grew its stake in shares of Deere & Company (NYSE:DE) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,351 shares of the industrial products company’s stock after purchasing an additional 77 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Deere & Company were worth $4,809,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DE. Pineridge Advisors LLC increased its holdings in shares of Deere & Company by 60.5% during the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 26 shares during the last quarter. Modus Advisors LLC acquired a new position in shares of Deere & Company during the 4th quarter worth approximately $32,000. YANKCOM Partnership acquired a new position in shares of Deere & Company during the 4th quarter worth approximately $34,000. Synergy Asset Management LLC acquired a new position in shares of Deere & Company during the 4th quarter worth approximately $35,000. Finally, Continuum Advisory LLC increased its holdings in shares of Deere & Company by 155.8% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Insider Buying and Selling

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $37,484,675.58. This represents a 24.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by corporate insiders.

Deere & Company Price Performance

Shares of DE stock opened at $499.73 on Friday. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. The company has a market cap of $135.63 billion, a P/E ratio of 22.15, a P/E/G ratio of 2.14 and a beta of 1.01. The business has a fifty day simple moving average of $461.21 and a 200 day simple moving average of $429.44.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. On average, sell-side analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.30%. Deere & Company’s dividend payout ratio is currently 28.72%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DE shares. StockNews.com lowered Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. Robert W. Baird restated a “neutral” rating and issued a $501.00 price target on shares of Deere & Company in a research note on Monday, March 3rd. Citigroup boosted their price target on Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Jefferies Financial Group downgraded Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target for the company. in a research note on Friday, December 6th. Finally, Barclays boosted their price target on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $457.22.

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.