Dakota Wealth Management Sells 5,330 Shares of Deere & Company (NYSE:DE)

Dakota Wealth Management trimmed its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 16.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,338 shares of the industrial products company's stock after selling 5,330 shares during the period. Dakota Wealth Management's holdings in Deere & Company were worth $11,601,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DE. XML Financial LLC grew its holdings in Deere & Company by 10.2% during the fourth quarter. XML Financial LLC now owns 911 shares of the industrial products company's stock valued at $386,000 after purchasing an additional 84 shares during the period. Simon Quick Advisors LLC lifted its position in shares of Deere & Company by 17.8% during the 4th quarter. Simon Quick Advisors LLC now owns 1,068 shares of the industrial products company's stock valued at $453,000 after buying an additional 161 shares during the last quarter. MCF Advisors LLC grew its stake in shares of Deere & Company by 4.1% during the 4th quarter. MCF Advisors LLC now owns 818 shares of the industrial products company's stock worth $348,000 after acquiring an additional 32 shares during the period. Fort Washington Investment Advisors Inc. OH increased its holdings in Deere & Company by 19.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 10,079 shares of the industrial products company's stock worth $4,270,000 after acquiring an additional 1,611 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its stake in Deere & Company by 34.2% in the 4th quarter. Atomi Financial Group Inc. now owns 2,277 shares of the industrial products company's stock valued at $965,000 after acquiring an additional 580 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group lifted their target price on shares of Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Citigroup reduced their price objective on shares of Deere & Company from $470.00 to $430.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Morgan Stanley boosted their target price 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. Truist Financial lifted their price target on Deere & Company from $538.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Finally, Oppenheimer increased their price objective on Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Deere & Company has an average rating of "Hold" and an average target price of $442.83.

Deere & Company Price Performance

NYSE DE traded down $3.60 on Wednesday, reaching $459.55. 1,132,015 shares of the company's stock traded hands, compared to its average volume of 1,366,562. The stock has a market cap of $125.16 billion, a PE ratio of 17.95, a P/E/G ratio of 2.81 and a beta of 0.98. Deere & Company has a 12 month low of $340.20 and a 12 month high of $469.39. The stock has a 50-day simple moving average of $433.94 and a 200 day simple moving average of $403.91. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90.

Deere & Company (NYSE:DE - Get Free Report) last released its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating the consensus estimate of $3.89 by $0.66. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm's quarterly revenue was down 32.8% compared to the same quarter last year. During the same quarter last year, the firm earned $8.26 EPS. As a group, research analysts predict that Deere & Company will post 19.34 earnings per share for the current year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Deere & Company's previous quarterly dividend of $1.47. Deere & Company's payout ratio is 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.