Sanctuary Advisors LLC Decreases Position in Deere & Company (NYSE:DE)

Sanctuary Advisors LLC trimmed its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 21.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,411 shares of the industrial products company's stock after selling 12,454 shares during the quarter. Sanctuary Advisors LLC's holdings in Deere & Company were worth $19,836,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DE. Fairscale Capital LLC purchased a new stake in Deere & Company during the second quarter valued at approximately $26,000. Livelsberger Financial Advisory acquired a new position in shares of Deere & Company during the third quarter worth $32,000. Centennial Bank AR lifted its holdings in shares of Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 84 shares during the last quarter. Continuum Advisory LLC lifted its holdings 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 valued at $43,000 after purchasing an additional 67 shares during the last quarter. Finally, Briaud Financial Planning Inc boosted its position in shares of Deere & Company by 73.5% in the 2nd quarter. Briaud Financial Planning Inc now owns 118 shares of the industrial products company's stock worth $44,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 68.58% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on DE. Oppenheimer increased their price target on Deere & Company from $448.00 to $477.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. increased their price objective on shares of Deere & Company from $420.00 to $450.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Truist Financial boosted their target price on shares of Deere & Company from $496.00 to $538.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Morgan Stanley raised their price target on shares of Deere & Company from $401.00 to $450.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Finally, Jefferies Financial Group downgraded shares of Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price objective for the company. in a research note on Friday, December 6th. Thirteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $443.28.

Deere & Company Stock Performance

Deere & Company stock traded up $0.60 during mid-day trading on Friday, hitting $440.08. The company had a trading volume of 395,070 shares, compared to its average volume of 1,437,118. The company has a market capitalization of $120.41 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.91 and a beta of 0.96. Deere & Company has a 12-month low of $340.20 and a 12-month high of $469.39. The company's fifty day moving average is $419.96 and its 200-day moving average is $392.05. 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 earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.66. The firm had revenue of $9.28 billion during the quarter, compared to analysts' expectations 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 was down 32.8% compared to the same quarter last year. During the same period in the previous year, the business posted $8.26 EPS. Equities research analysts predict that Deere & Company will post 19.52 EPS for the current year.

Deere & Company Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders 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. This represents a $6.48 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Tuesday, December 31st. Deere & Company's dividend payout ratio is presently 22.97%.

Deere & Company 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.