Deere & Company (NYSE:DE) Shares Sold by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC cut its stake in Deere & Company (NYSE:DE) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,484 shares of the industrial products company’s stock after selling 70 shares during the period. FSM Wealth Advisors LLC’s holdings in Deere & Company were worth $652,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Adamsbrown Wealth Consultants LLC increased its position in shares of Deere & Company by 4.6% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 1,254 shares of the industrial products company’s stock valued at $531,000 after acquiring an additional 55 shares during the period. Western Pacific Wealth Management LP raised its stake in shares of Deere & Company by 50.2% in the fourth quarter. Western Pacific Wealth Management LP now owns 464 shares of the industrial products company’s stock worth $197,000 after purchasing an additional 155 shares during the last quarter. SkyOak Wealth LLC acquired a new stake in shares of Deere & Company during the fourth quarter worth about $278,000. River Street Advisors LLC boosted its position in Deere & Company by 3.0% in the fourth quarter. River Street Advisors LLC now owns 1,801 shares of the industrial products company’s stock valued at $763,000 after buying an additional 52 shares during the last quarter. Finally, Greenleaf Trust increased its holdings in Deere & Company by 1.3% in the 4th quarter. Greenleaf Trust now owns 20,760 shares of the industrial products company’s stock worth $8,796,000 after buying an additional 265 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Jefferies Financial Group cut shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective for the company. in a research note on Friday, December 6th. Citigroup cut their price target on Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Barclays boosted their price objective on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Truist Financial raised their target price on Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Oppenheimer boosted their price target on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Deere & Company presently has a consensus rating of “Hold” and an average price target of $444.50.

Deere & Company Price Performance

Shares of NYSE DE opened at $476.29 on Monday. The firm has a 50-day simple moving average of $444.68 and a 200-day simple moving average of $410.05. 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 capitalization of $129.72 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 2.94 and a beta of 0.98. Deere & Company has a 52 week low of $340.20 and a 52 week high of $485.84.

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

Deere & Company Increases Dividend

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

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.