Abundance Wealth Counselors Sells 173 Shares of Deere & Company (NYSE:DE)

Abundance Wealth Counselors decreased its stake in shares of Deere & Company (NYSE:DE) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,774 shares of the industrial products company’s stock after selling 173 shares during the period. Abundance Wealth Counselors’ holdings in Deere & Company were worth $1,599,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. SeaBridge Investment Advisors LLC grew its stake in Deere & Company by 5.4% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 6,004 shares of the industrial products company’s stock valued at $2,544,000 after purchasing an additional 307 shares during the period. KG&L Capital Management LLC grew its position in Deere & Company by 14.2% during the fourth quarter. KG&L Capital Management LLC now owns 8,441 shares of the industrial products company’s stock valued at $3,574,000 after buying an additional 1,048 shares during the period. Marietta Wealth Management LLC grew its position in Deere & Company by 0.6% during the fourth quarter. Marietta Wealth Management LLC now owns 13,919 shares of the industrial products company’s stock valued at $5,897,000 after buying an additional 79 shares during the period. Chicago Partners Investment Group LLC raised its position in Deere & Company by 29.0% in the fourth quarter. Chicago Partners Investment Group LLC now owns 1,782 shares of the industrial products company’s stock worth $731,000 after acquiring an additional 401 shares during the period. Finally, Waldron Private Wealth LLC raised its position in Deere & Company by 1.4% in the fourth quarter. Waldron Private Wealth LLC now owns 2,443 shares of the industrial products company’s stock worth $1,035,000 after acquiring an additional 33 shares during the period. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Price Performance

DE stock opened at $476.29 on Friday. The stock has a market cap of $129.72 billion, a PE ratio of 18.61, a P/E/G ratio of 2.95 and a beta of 0.98. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. Deere & Company has a one year low of $340.20 and a one year high of $485.84. The firm has a 50 day simple moving average of $444.68 and a two-hundred day simple moving average of $409.82.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating the consensus estimate of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same quarter last year, the firm earned $8.26 EPS. The firm’s quarterly revenue was down 32.8% compared to the same quarter last year. On average, analysts predict that Deere & Company will post 19.38 EPS for the current fiscal year.

Deere & Company Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.36%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is presently 25.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DE shares. UBS Group lifted their price target on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a research note on Friday, December 6th. Citigroup decreased their price objective on Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Truist Financial upped their price objective on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $444.50.

Deere & Company 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.