Deere & Company (NYSE:DE) Shares Sold by Kozak & Associates Inc.

Kozak & Associates Inc. lessened its stake in Deere & Company (NYSE:DE) by 94.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,383 shares of the industrial products company’s stock after selling 22,011 shares during the quarter. Kozak & Associates Inc.’s holdings in Deere & Company were worth $584,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Fairscale Capital LLC purchased a new stake in Deere & Company during the 2nd quarter worth approximately $26,000. Modus Advisors LLC acquired a new stake in Deere & Company in the fourth quarter valued at $32,000. Livelsberger Financial Advisory bought a new position in Deere & Company during the 3rd quarter valued at $32,000. Centennial Bank AR increased its position in shares of Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 84 shares during the last quarter. Finally, Continuum Advisory LLC raised its stake in shares of Deere & Company by 155.8% in the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares in the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Price Performance

Shares of NYSE:DE traded down $0.32 during midday trading on Monday, reaching $421.90. 406,384 shares of the company’s stock were exchanged, compared to its average volume of 755,596. The firm has a market capitalization of $114.58 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 1.91 and a beta of 0.98. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. Deere & Company has a 12 month low of $340.20 and a 12 month high of $469.39. The company’s 50 day simple moving average is $427.38 and its two-hundred day simple moving average is $398.82.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping the consensus estimate of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter last year, the company earned $8.26 EPS. Deere & Company’s revenue was down 32.8% on a year-over-year basis. Equities research analysts expect that Deere & Company will post 19.52 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be given a $1.62 dividend. The ex-dividend date is Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a yield of 1.54%. Deere & Company’s payout ratio is 25.31%.

Analyst Ratings Changes

Several analysts recently weighed in on DE shares. 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 boosted their target price on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. UBS Group upped their target price on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Jefferies Financial Group cut 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, Morgan Stanley lifted their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Thirteen equities research 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 stock has a consensus rating of “Hold” and an average price target of $443.94.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.