Orion Portfolio Solutions LLC Sells 3,148 Shares of Deere & Company (NYSE:DE)

Orion Portfolio Solutions LLC trimmed its position in Deere & Company (NYSE:DE - Free Report) by 19.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,902 shares of the industrial products company's stock after selling 3,148 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Deere & Company were worth $5,384,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of DE. Fairscale Capital LLC bought a new stake in shares of Deere & Company in the 2nd quarter valued at about $26,000. Livelsberger Financial Advisory bought a new position in Deere & Company in the 3rd quarter valued at about $32,000. Centennial Bank AR raised its holdings 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 acquiring an additional 84 shares during the period. Briaud Financial Planning Inc raised its holdings in Deere & Company by 73.5% in the 2nd quarter. Briaud Financial Planning Inc now owns 118 shares of the industrial products company's stock valued at $44,000 after acquiring an additional 50 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in Deere & Company in the 3rd quarter valued at about $47,000. 68.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on DE shares. Truist Financial increased their price target on shares of Deere & Company from $496.00 to $538.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Morgan Stanley increased their price target on shares of Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a report on Monday, November 25th. UBS Group increased their price target on shares of Deere & Company from $404.00 to $462.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. Bank of America increased their price target on shares of Deere & Company from $400.00 to $410.00 and gave the company a "neutral" rating in a report on Friday, August 16th. Finally, Jefferies Financial Group lowered shares of Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 target price on the stock. in a research report on Friday. Thirteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Deere & Company presently has an average rating of "Hold" and an average price target of $443.28.

Deere & Company Price Performance

Deere & Company stock traded up $5.27 during mid-day trading on Monday, reaching $449.27. The company had a trading volume of 1,209,050 shares, compared to its average volume of 1,443,935. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $469.39. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. The company has a market cap of $122.92 billion, a P/E ratio of 17.55, a P/E/G ratio of 1.90 and a beta of 0.96. The business has a fifty day simple moving average of $418.17 and a 200 day simple moving average of $390.83.

Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating analysts' consensus estimates of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same quarter last year, the business posted $8.26 earnings per share. The company's quarterly revenue was down 32.8% on a year-over-year basis. On average, equities research analysts predict that Deere & Company will post 19.52 earnings per share for the current year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be given a $1.62 dividend. 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 1.44%. This is a positive change from Deere & Company's previous quarterly dividend of $1.47. Deere & Company's dividend payout ratio (DPR) is currently 22.97%.

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.