Stratos Wealth Advisors LLC Has $582,000 Stake in Deere & Company (NYSE:DE)

Stratos Wealth Advisors LLC lowered its stake in Deere & Company (NYSE:DE) by 13.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,372 shares of the industrial products company’s stock after selling 217 shares during the period. Stratos Wealth Advisors LLC’s holdings in Deere & Company were worth $582,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Wedmont Private Capital lifted its position in shares of Deere & Company by 3.1% during the 3rd quarter. Wedmont Private Capital now owns 2,573 shares of the industrial products company’s stock worth $1,045,000 after purchasing an additional 78 shares during the last quarter. Quotient Wealth Partners LLC lifted its holdings in shares of Deere & Company by 3.5% during the third quarter. Quotient Wealth Partners LLC now owns 892 shares of the industrial products company’s stock worth $372,000 after buying an additional 30 shares during the last quarter. Pinnacle Bancorp Inc. boosted its position in shares of Deere & Company by 5.1% in the third quarter. Pinnacle Bancorp Inc. now owns 817 shares of the industrial products company’s stock valued at $341,000 after acquiring an additional 40 shares during the period. BWM Planning LLC acquired a new stake in shares of Deere & Company in the third quarter worth $273,000. Finally, Strong Tower Advisory Services increased its position in Deere & Company by 9.6% during the third quarter. Strong Tower Advisory Services now owns 12,267 shares of the industrial products company’s stock worth $5,119,000 after acquiring an additional 1,073 shares during the period. Institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DE. Morgan Stanley increased their price target on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, November 25th. UBS Group lifted their target price on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Truist Financial upped their price target on Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Barclays raised their price objective on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. upped their target price on Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $444.50.

Deere & Company Stock Performance

NYSE:DE opened at $465.63 on Friday. The stock has a market capitalization of $126.82 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 2.94 and a beta of 0.98. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. Deere & Company has a 1 year low of $340.20 and a 1 year high of $485.84. The firm has a 50 day moving average of $445.01 and a 200-day moving average of $412.26.

Deere & Company (NYSE:DE) last issued its quarterly earnings data 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 during 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 business’s revenue for the quarter was down 32.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.26 EPS. As a group, sell-side analysts anticipate that Deere & Company will post 19.38 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 given a $1.62 dividend. This represents a $6.48 annualized dividend and a 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 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.