Fifth Third Wealth Advisors LLC cut its stake in Deere & Company (NYSE:DE - Free Report) by 42.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,228 shares of the industrial products company's stock after selling 5,246 shares during the period. Fifth Third Wealth Advisors LLC's holdings in Deere & Company were worth $3,016,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of DE. O Shaughnessy Asset Management LLC grew its position in shares of Deere & Company by 16.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 20,235 shares of the industrial products company's stock valued at $8,311,000 after purchasing an additional 2,868 shares in the last quarter. Lake Street Advisors Group LLC boosted its holdings in shares of Deere & Company by 19.6% in the first quarter. Lake Street Advisors Group LLC now owns 2,521 shares of the industrial products company's stock valued at $1,039,000 after purchasing an additional 413 shares during the period. InterOcean Capital Group LLC grew its holdings in Deere & Company by 3.0% during the 1st quarter. InterOcean Capital Group LLC now owns 2,770 shares of the industrial products company's stock worth $1,138,000 after acquiring an additional 81 shares in the last quarter. Crewe Advisors LLC bought a new stake in Deere & Company during the 1st quarter valued at $69,000. Finally, Payden & Rygel Investment Group purchased a new position in Deere & Company in the first quarter valued at about $945,000. 68.58% of the stock is owned by hedge funds and other institutional investors.
Deere & Company Trading Down 0.5 %
Shares of NYSE:DE traded down $2.12 on Tuesday, hitting $402.41. 605,243 shares of the company's stock were exchanged, compared to its average volume of 1,427,734. Deere & Company has a 12 month low of $340.20 and a 12 month high of $420.47. The stock has a market capitalization of $110.10 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The business's 50 day simple moving average is $404.38 and its two-hundred day simple moving average is $385.70. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87.
Deere & Company Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, September 30th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.88 annualized dividend and a dividend yield of 1.46%. Deere & Company's dividend payout ratio is presently 20.06%.
Analyst Upgrades and Downgrades
DE has been the subject of a number of recent research reports. Morgan Stanley reduced their price objective on Deere & Company from $450.00 to $425.00 and set an "overweight" rating for the company in a research note on Monday, August 26th. HSBC downgraded Deere & Company from a "buy" rating to a "hold" rating in a research report on Monday, August 19th. Citigroup raised their target price on Deere & Company from $395.00 to $420.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. Hsbc Global Res cut shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 19th. Finally, Truist Financial upped their price objective on Deere & Company from $443.00 to $496.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $420.69.
Read Our Latest Report on DE
Deere & Company Company Profile
(
Free Report)
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.
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