FourThought Financial Partners LLC Sells 151 Shares of Deere & Company (NYSE:DE)

FourThought Financial Partners LLC decreased its position in shares of Deere & Company (NYSE:DE) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,526 shares of the industrial products company’s stock after selling 151 shares during the period. FourThought Financial Partners LLC’s holdings in Deere & Company were worth $610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in DE. Everhart Financial Group Inc. lifted its position in shares of Deere & Company by 29.6% during the 3rd quarter. Everhart Financial Group Inc. now owns 1,042 shares of the industrial products company’s stock worth $393,000 after buying an additional 238 shares during the last quarter. Hixon Zuercher LLC lifted its holdings in shares of Deere & Company by 1.4% in the third quarter. Hixon Zuercher LLC now owns 4,159 shares of the industrial products company’s stock worth $1,570,000 after acquiring an additional 59 shares during the last quarter. Lindbrook Capital LLC boosted its stake in shares of Deere & Company by 64.2% in the 3rd quarter. Lindbrook Capital LLC now owns 706 shares of the industrial products company’s stock valued at $266,000 after purchasing an additional 276 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Deere & Company by 2.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,840 shares of the industrial products company’s stock valued at $1,072,000 after purchasing an additional 59 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Deere & Company by 1.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 199,318 shares of the industrial products company’s stock valued at $75,219,000 after buying an additional 1,922 shares in the last quarter. 68.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Citigroup reduced their price target on Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Truist Financial assumed coverage on shares of Deere & Company in a research report on Thursday, March 14th. They set a “buy” rating and a $494.00 target price for the company. Stifel Nicolaus dropped their price target on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Evercore ISI upped their price objective on shares of Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. Finally, Melius downgraded shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $433.28.

Deere & Company Stock Up 1.3 %

Shares of NYSE:DE traded up $5.00 during trading on Friday, reaching $400.96. 1,626,960 shares of the stock were exchanged, compared to its average volume of 1,337,641. The stock has a fifty day moving average of $391.45 and a two-hundred day moving average of $383.87. Deere & Company has a 1-year low of $345.55 and a 1-year high of $450.00. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81. The firm has a market cap of $111.61 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.51 and a beta of 1.04.

Deere & Company (NYSE:DE) last released its quarterly earnings data 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 firm had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period last year, the firm earned $6.55 earnings per share. Research analysts anticipate that Deere & Company will post 27.37 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

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

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.