Deere & Company (NYSE:DE) is FORA Capital LLC's 8th Largest Position

FORA Capital LLC trimmed its stake in Deere & Company (NYSE:DE - Free Report) by 13.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,699 shares of the industrial products company's stock after selling 6,970 shares during the period. Deere & Company comprises about 1.5% of FORA Capital LLC's investment portfolio, making the stock its 8th largest position. FORA Capital LLC's holdings in Deere & Company were worth $17,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. True Wealth Design LLC grew its holdings in shares of Deere & Company by 1,180.0% during the fourth quarter. True Wealth Design LLC now owns 64 shares of the industrial products company's stock worth $26,000 after purchasing an additional 59 shares during the last quarter. ZRC Wealth Management LLC acquired a new position in shares of Deere & Company during the fourth quarter valued at $28,000. Rakuten Securities Inc. acquired a new position in shares of Deere & Company during the fourth quarter valued at $28,000. Naples Money Management LLC acquired a new position in shares of Deere & Company during the fourth quarter valued at $29,000. Finally, Private Wealth Management Group LLC acquired a new position in shares of Deere & Company during the fourth quarter valued at $29,000. Institutional investors own 68.58% of the company's stock.

Insider Buying and Selling at Deere & Company

In other Deere & Company news, insider Cory J. Reed sold 13,370 shares of Deere & Company stock in a transaction on Monday, June 24th. The stock was sold at an average price of $377.63, for a total value of $5,048,913.10. Following the completion of the transaction, the insider now directly owns 41,642 shares of the company's stock, valued at approximately $15,725,268.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company's stock.

Deere & Company Stock Down 1.4 %

DE stock traded down $4.97 during mid-day trading on Monday, reaching $355.06. The company had a trading volume of 1,668,081 shares, compared to its average volume of 1,509,453. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.01 and a quick ratio of 1.80. The stock has a 50 day simple moving average of $381.05 and a two-hundred day simple moving average of $386.12. The company has a market capitalization of $97.84 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 1.45 and a beta of 0.93. Deere & Company has a 52 week low of $353.15 and a 52 week high of $450.00.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, May 16th. The industrial products company reported $8.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.86 by $0.67. Deere & Company had a return on equity of 42.26% and a net margin of 16.15%. The company had revenue of $13.61 billion during the quarter, compared to analysts' expectations of $13.29 billion. During the same period last year, the firm posted $9.65 earnings per share. The business's revenue was down 15.4% on a year-over-year basis. As a group, equities analysts predict that Deere & Company will post 25.59 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 28th will be issued a dividend of $1.47 per share. The ex-dividend date is Friday, June 28th. This represents a $5.88 annualized dividend and a yield of 1.66%. Deere & Company's payout ratio is currently 17.70%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DE. Raymond James began coverage on Deere & Company in a research note on Friday, June 28th. They issued an "outperform" rating and a $420.00 target price on the stock. Citigroup assumed coverage on Deere & Company in a research note on Wednesday, June 26th. They issued a "neutral" rating and a $395.00 target price on the stock. Truist Financial lowered their price target on Deere & Company from $460.00 to $439.00 and set a "buy" rating for the company in a report on Tuesday, July 2nd. JPMorgan Chase & Co. lowered their price target on Deere & Company from $425.00 to $385.00 and set a "neutral" rating for the company in a report on Friday, May 17th. Finally, Stifel Nicolaus increased their price target on Deere & Company from $425.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, May 17th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $427.66.

Deere & Company Profile

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.