Deere & Company (NYSE:DE) Shares Sold by Leisure Capital Management

Leisure Capital Management reduced its stake in Deere & Company (NYSE:DE) by 23.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,723 shares of the industrial products company’s stock after selling 828 shares during the period. Leisure Capital Management’s holdings in Deere & Company were worth $1,089,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Aaron Wealth Advisors LLC lifted its position in shares of Deere & Company by 3.5% in the third quarter. Aaron Wealth Advisors LLC now owns 1,138 shares of the industrial products company’s stock worth $429,000 after buying an additional 38 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Deere & Company by 3.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 94,542 shares of the industrial products company’s stock worth $35,678,000 after buying an additional 2,845 shares in the last quarter. Connecticut Wealth Management LLC raised its holdings in shares of Deere & Company by 14.2% in the 3rd quarter. Connecticut Wealth Management LLC now owns 2,223 shares of the industrial products company’s stock worth $839,000 after buying an additional 276 shares in the last quarter. Ropes Wealth Advisors LLC raised its holdings in shares of Deere & Company by 2.2% in the 3rd quarter. Ropes Wealth Advisors LLC now owns 6,371 shares of the industrial products company’s stock worth $2,404,000 after buying an additional 138 shares in the last quarter. Finally, Accel Wealth Management raised its holdings in shares of Deere & Company by 0.9% in the 3rd quarter. Accel Wealth Management now owns 6,810 shares of the industrial products company’s stock worth $2,570,000 after buying an additional 60 shares in the last quarter. 68.58% of the stock is owned by institutional investors.

Deere & Company Trading Down 0.2 %

DE traded down $0.73 during mid-day trading on Friday, reaching $393.33. The stock had a trading volume of 998,338 shares, compared to its average volume of 1,243,125. The stock has a market capitalization of $109.49 billion, a P/E ratio of 11.45, a P/E/G ratio of 1.48 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05. The firm’s fifty day simple moving average is $387.86 and its two-hundred day simple moving average is $383.61. Deere & Company has a 52 week low of $345.55 and a 52 week high of $450.00.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. The company had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.55 EPS. On average, equities analysts predict that Deere & Company will post 27.37 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is currently 17.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DE shares. Truist Financial started coverage on Deere & Company in a report on Thursday, March 14th. They issued a “buy” rating and a $494.00 target price for the company. Deutsche Bank Aktiengesellschaft dropped their target price on Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a report on Friday, February 16th. Melius Research restated a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. JPMorgan Chase & Co. increased their price target on Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, Citigroup decreased their price target on Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Deere & Company currently has an average rating of “Hold” and an average target price of $433.28.

About Deere & Company

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.