Deere & Company (NYSE:DE) Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC reduced its stake in shares of Deere & Company (NYSE:DE) by 7.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,187 shares of the industrial products company’s stock after selling 467 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Deere & Company were worth $2,622,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DE. Pineridge Advisors LLC lifted its holdings in Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 26 shares in the last quarter. YANKCOM Partnership purchased a new position in shares of Deere & Company during the fourth quarter valued at approximately $34,000. Synergy Asset Management LLC purchased a new position in shares of Deere & Company during the fourth quarter valued at approximately $35,000. Sierra Ocean LLC acquired a new stake in Deere & Company during the fourth quarter worth approximately $44,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Deere & Company in the 4th quarter valued at $48,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Down 2.1%

DE opened at $515.06 on Thursday. The firm has a market capitalization of $139.79 billion, a P/E ratio of 22.83, a P/E/G ratio of 2.14 and a beta of 1.08. The firm’s 50 day moving average is $471.37 and its 200-day moving average is $456.81. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. Deere & Company has a 52-week low of $340.20 and a 52-week high of $533.78.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.72 by $0.92. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The firm had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the firm posted $8.53 EPS. The firm’s quarterly revenue was down 17.9% on a year-over-year basis. Analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Monday, March 31st were paid a dividend of $1.62 per share. The ex-dividend date was Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.26%. Deere & Company’s dividend payout ratio is presently 31.35%.

Wall Street Analyst Weigh In

DE has been the topic of several recent analyst reports. DA Davidson reiterated a “buy” rating and set a $542.00 target price on shares of Deere & Company in a research report on Friday, May 16th. Citigroup increased their price objective on shares of Deere & Company from $450.00 to $550.00 and gave the stock a “neutral” rating in a report on Monday. StockNews.com upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Evercore ISI upped their price target on shares of Deere & Company from $455.00 to $493.00 and gave the stock an “in-line” rating in a research report on Monday. Finally, Argus set a $510.00 price target on shares of Deere & Company in a research note on Friday, March 7th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Deere & Company has an average rating of “Hold” and a consensus price target of $516.75.

About Deere & Company

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.