Deere & Company (NYSE:DE) Position Cut by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC lowered its holdings in shares of Deere & Company (NYSE:DE) by 13.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,372 shares of the industrial products company’s stock after selling 217 shares during the period. Stratos Wealth Advisors LLC’s holdings in Deere & Company were worth $582,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DE. Modus Advisors LLC bought a new position in Deere & Company during the 4th quarter valued at $32,000. Livelsberger Financial Advisory acquired a new stake in shares of Deere & Company in the third quarter valued at $32,000. Synergy Asset Management LLC acquired a new position in Deere & Company during the fourth quarter worth about $35,000. Continuum Advisory LLC raised its position in Deere & Company by 155.8% in the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in Deere & Company in the 3rd quarter valued at about $47,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 0.1 %

Deere & Company stock opened at $465.63 on Friday. Deere & Company has a 12 month low of $340.20 and a 12 month high of $485.84. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. The stock has a market cap of $126.82 billion, a P/E ratio of 18.19, a P/E/G ratio of 2.94 and a beta of 0.98. The company’s fifty day simple moving average is $445.01 and its 200-day simple moving average is $412.26.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter in the previous year, the company posted $8.26 earnings per share. The business’s quarterly revenue was down 32.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Deere & Company will post 19.38 EPS for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently disclosed 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 1.39%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio (DPR) is presently 25.31%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Truist Financial lifted their price target on shares of Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Morgan Stanley increased their price objective on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. JPMorgan Chase & Co. lifted their target price on Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. Finally, 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 report on Friday, December 6th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.