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

FSM Wealth Advisors LLC cut its holdings in Deere & Company (NYSE:DE) by 4.5% during the fourth quarter, HoldingsChannel reports. The fund 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 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in DE. Livelsberger Financial Advisory acquired a new position in shares of Deere & Company in the 3rd quarter worth approximately $32,000. Modus Advisors LLC purchased a new stake in Deere & Company in the fourth quarter valued at approximately $32,000. Synergy Asset Management LLC acquired a new position in Deere & Company during the fourth quarter worth $35,000. Continuum Advisory LLC boosted its position in shares of Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after buying an additional 67 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Deere & Company in the third quarter valued at $47,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DE. Barclays increased their target price on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Morgan Stanley increased their price target on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. 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 report on Friday, December 6th. JPMorgan Chase & Co. increased their target price on shares of Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. Finally, Oppenheimer raised their price target on shares of Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Deere & Company presently has an average rating of “Hold” and an average target price of $444.50.

Deere & Company Stock Performance

Shares of DE stock opened at $476.29 on Monday. Deere & Company has a 1 year low of $340.20 and a 1 year high of $485.84. 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 firm has a market cap of $129.72 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 2.94 and a beta of 0.98. The stock’s 50-day moving average is $444.68 and its two-hundred day moving average is $410.05.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share 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 company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. During the same quarter in the previous year, the business earned $8.26 earnings per share. The firm’s revenue for the quarter was down 32.8% on a year-over-year basis. Analysts predict that Deere & Company will post 19.38 earnings per share for the current year.

Deere & Company Increases Dividend

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

About Deere & Company

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.