Deere & Company (NYSE:DE) Holdings Trimmed by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC lowered its holdings in Deere & Company (NYSE:DE) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,135 shares of the industrial products company’s stock after selling 112 shares during the period. Stratos Wealth Advisors LLC’s holdings in Deere & Company were worth $854,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DE. RB Capital Management LLC grew its position in Deere & Company by 5.2% during the first quarter. RB Capital Management LLC now owns 1,637 shares of the industrial products company’s stock valued at $680,000 after purchasing an additional 81 shares in the last quarter. Bornite Capital Management LP purchased a new position in shares of Deere & Company during the 1st quarter valued at $14,541,000. Retirement Income Solutions Inc purchased a new position in shares of Deere & Company during the 1st quarter valued at $229,000. Sequoia Financial Advisors LLC increased its stake in shares of Deere & Company by 27.1% in the first quarter. Sequoia Financial Advisors LLC now owns 2,442 shares of the industrial products company’s stock worth $1,014,000 after acquiring an additional 521 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of Deere & Company by 32.4% during the first quarter. Baird Financial Group Inc. now owns 114,322 shares of the industrial products company’s stock worth $47,496,000 after acquiring an additional 27,985 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 1.3 %

Shares of NYSE:DE opened at $412.54 on Monday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05. The stock’s 50-day moving average is $383.32 and its 200-day moving average is $381.49. The company has a market cap of $114.83 billion, a P/E ratio of 12.01, a P/E/G ratio of 1.55 and a beta of 1.04. Deere & Company has a 52-week low of $345.55 and a 52-week high of $450.00.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The firm had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. During the same quarter last year, the firm posted $6.55 EPS. The company’s revenue was down 8.0% on a year-over-year basis. Equities research analysts predict that Deere & Company will post 27.41 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be given a $1.47 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $5.88 annualized dividend and a yield of 1.43%. Deere & Company’s dividend payout ratio is 17.12%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Stifel Nicolaus lowered their target price on Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Melius cut Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Morgan Stanley started coverage on shares of Deere & Company in a research report on Monday, January 8th. They set an “overweight” rating and a $430.00 price objective on the stock. Melius Research reiterated a “hold” rating on shares of Deere & Company in a research note on Monday, January 8th. Finally, Wells Fargo & Company decreased their target price on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a research report on Friday, February 16th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $431.28.

About Deere & Company

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.