Diversify Advisory Services LLC Sells 548 Shares of Deere & Company (NYSE:DE)

Diversify Advisory Services LLC lowered its position in Deere & Company (NYSE:DE - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,618 shares of the industrial products company's stock after selling 548 shares during the period. Diversify Advisory Services LLC's holdings in Deere & Company were worth $1,478,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Mandatum Life Insurance Co Ltd lifted its holdings in shares of Deere & Company by 37.5% in the fourth quarter. Mandatum Life Insurance Co Ltd now owns 2,938 shares of the industrial products company's stock valued at $1,245,000 after purchasing an additional 801 shares in the last quarter. Grove Bank & Trust lifted its holdings in shares of Deere & Company by 2.6% in the fourth quarter. Grove Bank & Trust now owns 1,601 shares of the industrial products company's stock valued at $678,000 after purchasing an additional 41 shares in the last quarter. Brady Martz Wealth Solutions LLC bought a new position in shares of Deere & Company in the fourth quarter valued at approximately $628,000. Ballast Inc. lifted its holdings in shares of Deere & Company by 5.0% in the fourth quarter. Ballast Inc. now owns 3,582 shares of the industrial products company's stock valued at $1,518,000 after purchasing an additional 171 shares in the last quarter. Finally, Lbmc Investment Advisors LLC bought a new position in shares of Deere & Company in the fourth quarter valued at approximately $216,000. Institutional investors own 68.58% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DE shares. Jefferies Financial Group lowered Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 target price on the stock. in a report on Friday, December 6th. Barclays increased their price target on Deere & Company from $400.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. increased their price target on Deere & Company from $450.00 to $470.00 and gave the company a "neutral" rating in a research report on Wednesday, January 15th. Citigroup decreased their price target on Deere & Company from $470.00 to $430.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Finally, Morgan Stanley increased their price target on Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $442.83.

Deere & Company Stock Performance

Shares of Deere & Company stock traded up $7.62 during trading hours on Tuesday, reaching $463.06. The company had a trading volume of 1,733,614 shares, compared to its average volume of 1,386,234. Deere & Company has a one year low of $340.20 and a one year high of $469.39. The business has a fifty day simple moving average of $432.55 and a 200 day simple moving average of $403.19. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The firm has a market cap of $126.11 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 2.81 and a beta of 0.98.

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

Deere & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.62 per share. This is a positive change from Deere & Company's previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. This represents a $6.48 annualized dividend and a yield of 1.40%. Deere & Company's dividend payout ratio (DPR) is currently 25.31%.

Deere & 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.