Diversify Advisory Services LLC Sells 548 Shares of Deere & Company (NYSE:DE)

Diversify Advisory Services LLC lowered its holdings in Deere & Company (NYSE:DE) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,618 shares of the industrial products company’s stock after selling 548 shares during the period. Diversify Advisory Services LLC’s holdings in Deere & Company were worth $1,478,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Mandatum Life Insurance Co Ltd boosted its position in shares of Deere & Company by 37.5% in the fourth quarter. Mandatum Life Insurance Co Ltd now owns 2,938 shares of the industrial products company’s stock valued at $1,245,000 after acquiring an additional 801 shares during the period. Grove Bank & Trust grew its position in shares of Deere & Company by 2.6% during the 4th quarter. Grove Bank & Trust now owns 1,601 shares of the industrial products company’s stock valued at $678,000 after purchasing an additional 41 shares in the last quarter. Brady Martz Wealth Solutions LLC purchased a new position in shares of Deere & Company during the 4th quarter valued at $628,000. Ballast Inc. raised its position in shares of Deere & Company by 5.0% in the fourth quarter. Ballast Inc. now owns 3,582 shares of the industrial products company’s stock worth $1,518,000 after buying an additional 171 shares in the last quarter. Finally, Lbmc Investment Advisors LLC purchased a new stake in shares of Deere & Company in the fourth quarter worth $216,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DE shares. Jefferies Financial Group downgraded Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target for the company. in a research report on Friday, December 6th. Barclays boosted their price target on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Truist Financial raised their price objective on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Citigroup cut their target price on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, Morgan Stanley raised their price target on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Deere & Company has a consensus rating of “Hold” and a consensus price target of $442.83.

Deere & Company Price Performance

Shares of NYSE DE opened at $456.57 on Tuesday. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $469.39. The company has a market cap of $124.00 billion, a PE ratio of 17.83, a P/E/G ratio of 1.74 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. The business has a 50-day simple moving average of $431.48 and a two-hundred day simple moving average of $402.53.

Deere & Company (NYSE:DE) last released its earnings results 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 firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm’s revenue was down 32.8% on a year-over-year basis. During the same period in the prior year, the firm earned $8.26 EPS. As a group, equities analysts expect that Deere & Company will post 19.57 EPS 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 dividend yield of 1.42%. 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%.

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.