Kozak & Associates Inc. Has $584,000 Stock Holdings in Deere & Company (NYSE:DE)

Kozak & Associates Inc. lowered its position in shares of Deere & Company (NYSE:DE) by 94.1% in the fourth quarter, HoldingsChannel reports. The fund owned 1,383 shares of the industrial products company’s stock after selling 22,011 shares during the period. Kozak & Associates Inc.’s holdings in Deere & Company were worth $584,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. TD Asset Management Inc raised its holdings in Deere & Company by 2.4% during the 2nd quarter. TD Asset Management Inc now owns 98,586 shares of the industrial products company’s stock worth $36,835,000 after buying an additional 2,299 shares during the period. Victory Capital Management Inc. increased its holdings in Deere & Company by 5.8% during the second quarter. Victory Capital Management Inc. now owns 97,541 shares of the industrial products company’s stock worth $36,444,000 after buying an additional 5,353 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Deere & Company by 2.8% in the second quarter. Private Advisor Group LLC now owns 54,044 shares of the industrial products company’s stock valued at $20,193,000 after buying an additional 1,479 shares during the last quarter. Candriam S.C.A. boosted its position in Deere & Company by 8.0% during the second quarter. Candriam S.C.A. now owns 19,660 shares of the industrial products company’s stock worth $7,345,000 after purchasing an additional 1,453 shares during the period. Finally, Chicago Capital LLC raised its position in shares of Deere & Company by 25.1% in the second quarter. Chicago Capital LLC now owns 2,490 shares of the industrial products company’s stock valued at $930,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Down 0.1 %

Shares of Deere & Company stock traded down $0.32 during trading on Monday, reaching $421.90. 406,384 shares of the company traded hands, 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 P/E/G ratio of 1.91 and a beta of 0.98. Deere & Company has a 1-year low of $340.20 and a 1-year high of $469.39. The company has a 50 day moving average price of $427.38 and a 200-day moving average price of $398.82. 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 (NYSE:DE) last announced its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.66. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The company’s quarterly revenue was down 32.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.26 earnings per share. As a group, equities research analysts expect that Deere & Company will post 19.52 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.54%. 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 currently 25.31%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their target price on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Oppenheimer increased their price target on Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Jefferies Financial Group downgraded shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a research note on Friday, December 6th. Truist Financial upped their price target on shares of Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Citigroup upped their price objective on Deere & Company from $460.00 to $470.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Thirteen 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 has a consensus rating of “Hold” and an average target price of $443.94.

About Deere & Company

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.