Deere & Company (NYSE:DE) Stock Holdings Trimmed by Solidarity Wealth LLC

Solidarity Wealth LLC decreased its holdings in Deere & Company (NYSE:DE) by 74.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,524 shares of the industrial products company’s stock after selling 4,390 shares during the quarter. Solidarity Wealth LLC’s holdings in Deere & Company were worth $648,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Fairscale Capital LLC bought a new stake in shares of Deere & Company in the 2nd quarter worth $26,000. Modus Advisors LLC bought a new stake in shares of Deere & Company in the 4th quarter worth approximately $32,000. Livelsberger Financial Advisory acquired a new stake in Deere & Company during the third quarter valued at approximately $32,000. Centennial Bank AR boosted its holdings in Deere & Company by 420.0% during the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after buying an additional 84 shares in the last quarter. Finally, Continuum Advisory LLC grew its position in Deere & Company by 155.8% in 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 last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in 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. Citigroup dropped their price target on Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Truist Financial upped their price objective 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. Morgan Stanley lifted their target price 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. Finally, Jefferies Financial Group downgraded shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target for the company. in a research report on Friday, December 6th. 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.com, the company presently has an average rating of “Hold” and a consensus target price of $442.83.

Deere & Company Stock Up 4.0 %

Shares of DE stock opened at $456.57 on Tuesday. Deere & Company has a twelve month low of $340.20 and a twelve month high of $469.39. 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’s 50 day simple moving average is $431.48 and its 200 day simple moving average is $402.53. The company has a market capitalization of $124.35 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 2.81 and a beta of 0.98.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.66. The business had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. Deere & Company’s quarterly revenue was down 32.8% on a year-over-year basis. During the same quarter last year, the company posted $8.26 earnings per share. As a group, research analysts predict that Deere & Company will post 19.34 EPS for the current year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.62 per share. The ex-dividend date is Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.42%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio is currently 25.31%.

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.