Northern Financial Advisors Inc Decreases Holdings in Deere & Company (NYSE:DE)

Northern Financial Advisors Inc lowered its position in Deere & Company (NYSE:DE) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,053 shares of the industrial products company’s stock after selling 61 shares during the quarter. Northern Financial Advisors Inc’s holdings in Deere & Company were worth $446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of DE. Creative Planning lifted its stake in Deere & Company by 2.1% in the third quarter. Creative Planning now owns 75,462 shares of the industrial products company’s stock worth $31,493,000 after purchasing an additional 1,555 shares during the last quarter. Sumitomo Life Insurance Co. lifted its stake in shares of Deere & Company by 2.5% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 4,620 shares of the industrial products company’s stock valued at $1,928,000 after acquiring an additional 111 shares during the last quarter. Firethorn Wealth Partners LLC purchased a new stake in Deere & Company during the 3rd quarter valued at about $200,000. AAFMAA Wealth Management & Trust LLC grew its position in Deere & Company by 19.6% during the 3rd quarter. AAFMAA Wealth Management & Trust LLC now owns 3,090 shares of the industrial products company’s stock worth $1,290,000 after acquiring an additional 507 shares during the last quarter. Finally, Culbertson A N & Co. Inc. increased its stake in Deere & Company by 2.5% in the 3rd quarter. Culbertson A N & Co. Inc. now owns 23,937 shares of the industrial products company’s stock worth $9,989,000 after purchasing an additional 585 shares during the period. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $466.30 on Friday. Deere & Company has a 12 month low of $340.20 and a 12 month high of $485.84. The firm has a market capitalization of $127.00 billion, a P/E ratio of 18.21, a P/E/G ratio of 2.87 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. The business has a fifty day simple moving average of $445.86 and a two-hundred day simple moving average of $415.14.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. On average, equities analysts forecast that Deere & Company will post 19.38 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st were given a $1.62 dividend. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Tuesday, December 31st. Deere & Company’s payout ratio is currently 25.31%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Oppenheimer increased their price objective on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. 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 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 on the stock. in a research report on Friday, December 6th. UBS Group upped their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Finally, Barclays raised 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. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $446.17.

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.