Fi3 FINANCIAL ADVISORS LLC Has $275,000 Stock Holdings in Deere & Company (NYSE:DE)

Fi3 FINANCIAL ADVISORS LLC lessened its holdings in shares of Deere & Company (NYSE:DE) by 8.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 647 shares of the industrial products company’s stock after selling 58 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in Deere & Company were worth $275,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Everence Capital Management Inc. grew its holdings in Deere & Company by 148.3% during the 4th quarter. Everence Capital Management Inc. now owns 12,223 shares of the industrial products company’s stock worth $5,179,000 after acquiring an additional 7,300 shares during the period. Stockbridge Partners LLC grew its holdings in Deere & Company by 157.5% during the 3rd quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company’s stock worth $369,019,000 after acquiring an additional 540,874 shares during the period. Compass Financial Services Inc acquired a new stake in Deere & Company during the 4th quarter worth $254,000. Toronto Dominion Bank grew its holdings in shares of Deere & Company by 1.5% in the 3rd quarter. Toronto Dominion Bank now owns 86,952 shares of the industrial products company’s stock valued at $36,288,000 after buying an additional 1,291 shares during the period. Finally, Czech National Bank grew its holdings in shares of Deere & Company by 5.7% in the 4th quarter. Czech National Bank now owns 55,170 shares of the industrial products company’s stock valued at $23,376,000 after buying an additional 2,964 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analysts Set New Price Targets

DE has been the subject of several research analyst reports. Robert W. Baird reissued a “neutral” rating and issued a $501.00 price target on shares of Deere & Company in a report on Monday, March 3rd. Oppenheimer boosted their price target on shares of Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. StockNews.com lowered shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. Barclays boosted their price target on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, Evercore ISI boosted their price target on shares of Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $460.00.

Deere & Company Trading Down 1.1 %

Shares of NYSE:DE opened at $471.90 on Friday. The company’s 50-day moving average price is $473.25 and its two-hundred day moving average price is $436.21. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The stock has a market capitalization of $128.08 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. On average, equities analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be issued a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.37%. Deere & Company’s payout ratio is 28.72%.

Insider Activity

In other news, insider Rajesh Kalathur sold 24,580 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value of $12,304,993.80. Following the sale, the insider now directly owns 74,878 shares of the company’s stock, valued at approximately $37,484,675.58. This represents a 24.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is owned by insiders.

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.