J.W. Cole Advisors Inc. Trims Stock Holdings in Deere & Company (NYSE:DE)

J.W. Cole Advisors Inc. lessened its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 7.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,428 shares of the industrial products company's stock after selling 571 shares during the period. J.W. Cole Advisors Inc.'s holdings in Deere & Company were worth $3,148,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning grew its stake in Deere & Company by 2.1% during the 3rd quarter. Creative Planning now owns 75,462 shares of the industrial products company's stock worth $31,493,000 after buying an additional 1,555 shares during the last quarter. Accurate Wealth Management LLC grew its stake in shares of Deere & Company by 28.0% in the 3rd quarter. Accurate Wealth Management LLC now owns 1,910 shares of the industrial products company's stock valued at $768,000 after purchasing an additional 418 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Deere & Company by 17.2% in the 3rd quarter. Blue Trust Inc. now owns 4,745 shares of the industrial products company's stock valued at $1,980,000 after purchasing an additional 696 shares during the last quarter. Spectrum Financial Alliance Ltd LLC grew its stake in shares of Deere & Company by 23.4% in the 3rd quarter. Spectrum Financial Alliance Ltd LLC now owns 48,206 shares of the industrial products company's stock valued at $20,118,000 after purchasing an additional 9,139 shares during the last quarter. Finally, Resonant Capital Advisors LLC purchased a new position in shares of Deere & Company in the 3rd quarter valued at approximately $206,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DE shares. Evercore ISI lifted their target price on Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a research note on Wednesday. Jefferies Financial Group downgraded Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 target price on the stock. in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their target price on Deere & Company from $470.00 to $500.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. UBS Group raised their price target on Deere & Company from $404.00 to $462.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. Finally, Truist Financial reissued a "buy" rating and issued a $546.00 price target (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $454.65.

Deere & Company Price Performance

Shares of NYSE:DE traded down $12.99 on Thursday, hitting $496.28. The company had a trading volume of 1,514,537 shares, compared to its average volume of 1,476,719. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. Deere & Company has a 52-week low of $340.20 and a 52-week high of $515.05. The business has a 50 day moving average of $449.95 and a 200 day moving average of $419.37. The company has a market cap of $135.16 billion, a PE ratio of 22.00, a PEG ratio of 2.17 and a beta of 0.98.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. As a group, equities analysts anticipate that Deere & Company will post 19.3 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Tuesday, December 31st were given a dividend of $1.62 per share. The ex-dividend date was Tuesday, December 31st. This is an increase from Deere & Company's previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a yield of 1.31%. Deere & Company's dividend payout ratio is 28.72%.

Insider Buying and Selling

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the completion of the sale, the insider now directly owns 74,878 shares in the company, valued at $37,484,675.58. This represents a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by company insiders.

About Deere & Company

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.