Stephens Consulting LLC Sells 100 Shares of Deere & Company (NYSE:DE)

Stephens Consulting LLC reduced its position in shares of Deere & Company (NYSE:DE) by 26.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 278 shares of the industrial products company’s stock after selling 100 shares during the quarter. Stephens Consulting LLC’s holdings in Deere & Company were worth $118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Welch Group LLC grew its stake in shares of Deere & Company by 2.0% during the fourth quarter. Welch Group LLC now owns 24,728 shares of the industrial products company’s stock worth $10,500,000 after purchasing an additional 494 shares during the period. Calamos Wealth Management LLC raised its position in shares of Deere & Company by 26.5% in the 4th quarter. Calamos Wealth Management LLC now owns 28,488 shares of the industrial products company’s stock valued at $12,070,000 after acquiring an additional 5,963 shares during the period. Calamos Advisors LLC boosted its stake in Deere & Company by 0.4% during the 4th quarter. Calamos Advisors LLC now owns 51,974 shares of the industrial products company’s stock worth $22,021,000 after acquiring an additional 189 shares during the last quarter. Childress Capital Advisors LLC grew its holdings in Deere & Company by 5.1% during the fourth quarter. Childress Capital Advisors LLC now owns 695 shares of the industrial products company’s stock valued at $295,000 after purchasing an additional 34 shares during the period. Finally, Leisure Capital Management increased its stake in Deere & Company by 1.0% in the fourth quarter. Leisure Capital Management now owns 2,863 shares of the industrial products company’s stock valued at $1,213,000 after purchasing an additional 28 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Trading Down 2.0 %

Deere & Company stock opened at $467.07 on Tuesday. 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 stock has a 50-day simple moving average of $444.68 and a 200 day simple moving average of $410.23. The stock has a market capitalization of $127.21 billion, a P/E ratio of 18.24, a PEG 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 posted its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping 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 business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same period in the previous year, the firm earned $8.26 EPS. The firm’s revenue was down 32.8% compared to the same quarter last year. Analysts expect 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. Stockholders of record on Tuesday, December 31st will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio (DPR) is currently 25.31%.

Analyst Ratings Changes

Several analysts recently commented on the company. UBS Group raised their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Oppenheimer lifted their price objective on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. increased their target price on Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. Truist Financial lifted their price target 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. Finally, Morgan Stanley increased their price objective 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. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $444.50.

Deere & Company 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.