Arkadios Wealth Advisors Sells 1,053 Shares of Deere & Company (NYSE:DE)

Arkadios Wealth Advisors lessened its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 22.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,542 shares of the industrial products company's stock after selling 1,053 shares during the period. Arkadios Wealth Advisors' holdings in Deere & Company were worth $1,501,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fairscale Capital LLC acquired a new position in Deere & Company during the 2nd quarter worth $26,000. Livelsberger Financial Advisory acquired a new stake in shares of Deere & Company in the 3rd quarter valued at about $32,000. Modus Advisors LLC acquired a new position in shares of Deere & Company in the 4th quarter valued at $32,000. Centennial Bank AR grew its position in Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock valued at $39,000 after buying an additional 84 shares during the last quarter. Finally, Continuum Advisory LLC boosted its position in shares of Deere & Company by 155.8% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock worth $43,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Oppenheimer lifted their target price on shares of Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. upped their price target on Deere & Company from $450.00 to $470.00 and gave the stock a "neutral" rating in a report on Wednesday, January 15th. Citigroup dropped their target price on Deere & Company from $470.00 to $430.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Morgan Stanley boosted 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, Barclays lifted their price objective on shares of Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $442.83.

Deere & Company Trading Up 4.0 %

DE opened at $456.57 on Monday. The company has a market cap of $124.35 billion, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. Deere & Company has a 1-year low of $340.20 and a 1-year high of $469.39. The company has a fifty day moving average price of $431.48 and a two-hundred day moving average price of $402.25. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.89 by $0.66. The firm 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%. The business's revenue for the quarter was down 32.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.26 EPS. Analysts predict that Deere & Company will post 19.57 EPS for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. This is a boost from Deere & Company's previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.42%. Deere & Company's payout ratio is presently 25.31%.

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.