Kaydan Wealth Management Inc. Sells 123 Shares of Deere & Company (NYSE:DE)

Kaydan Wealth Management Inc. trimmed its position in shares of Deere & Company (NYSE:DE) by 15.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 689 shares of the industrial products company’s stock after selling 123 shares during the quarter. Kaydan Wealth Management Inc.’s holdings in Deere & Company were worth $292,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Edgestream Partners L.P. purchased a new stake in shares of Deere & Company in the 2nd quarter worth about $216,000. AE Wealth Management LLC boosted its stake in Deere & Company by 35.0% during the second quarter. AE Wealth Management LLC now owns 7,245 shares of the industrial products company’s stock worth $2,707,000 after acquiring an additional 1,877 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Deere & Company by 2.3% in the second quarter. Pacer Advisors Inc. now owns 18,573 shares of the industrial products company’s stock worth $6,939,000 after purchasing an additional 417 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Deere & Company by 5.9% during the second quarter. Thrivent Financial for Lutherans now owns 31,298 shares of the industrial products company’s stock valued at $11,694,000 after purchasing an additional 1,740 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Deere & Company by 6.0% during the second quarter. ProShare Advisors LLC now owns 36,191 shares of the industrial products company’s stock valued at $13,522,000 after purchasing an additional 2,034 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Deere & Company Stock Performance

Shares of DE opened at $456.57 on Monday. The firm has a market capitalization of $124.35 billion, a P/E ratio of 17.83, a PEG ratio of 1.74 and a beta of 0.98. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. Deere & Company has a one year low of $340.20 and a one year high of $469.39. The business has a fifty day moving average of $431.48 and a 200 day moving average of $402.25.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.66. The firm had revenue of $9.28 billion for 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 quarterly revenue was down 32.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.26 EPS. As a group, sell-side analysts anticipate that Deere & Company will post 19.57 EPS for the current year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be issued a $1.62 dividend. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is currently 25.31%.

Analysts Set New Price Targets

DE has been the topic of several recent research reports. Jefferies Financial Group downgraded Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target on the stock. in a research note on Friday, December 6th. Morgan Stanley raised their price target on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Citigroup dropped their price target on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. UBS Group raised their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Deere & Company has an average rating of “Hold” and a consensus target price of $442.83.

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.