SOA Wealth Advisors LLC. Has $587,000 Stock Holdings in Deere & Company (NYSE:DE)

SOA Wealth Advisors LLC. lowered its stake in shares of Deere & Company (NYSE:DE) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,385 shares of the industrial products company’s stock after selling 56 shares during the period. SOA Wealth Advisors LLC.’s holdings in Deere & Company were worth $587,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in Deere & Company in the 4th quarter valued at $247,000. Prairie Wealth Advisors Inc. grew its holdings in shares of Deere & Company by 3.8% during the fourth quarter. Prairie Wealth Advisors Inc. now owns 964 shares of the industrial products company’s stock valued at $410,000 after buying an additional 35 shares during the last quarter. Fairvoy Private Wealth LLC bought a new stake in shares of Deere & Company during the fourth quarter worth about $802,000. Keystone Financial Group Inc. acquired a new stake in shares of Deere & Company in the 4th quarter worth about $129,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Deere & Company by 0.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,410 shares of the industrial products company’s stock valued at $14,580,000 after acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. UBS Group boosted their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. increased their price target on Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Morgan Stanley lifted their price objective 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. Barclays increased their target price on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, Citigroup cut their price target on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $444.50.

Deere & Company Stock Up 0.1 %

Shares of NYSE DE opened at $465.63 on Friday. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The stock has a market capitalization of $126.82 billion, a PE ratio of 18.19, a P/E/G ratio of 2.94 and a beta of 0.98. Deere & Company has a one year low of $340.20 and a one year high of $485.84. The business’s fifty day moving average price is $445.01 and its 200-day moving average price is $412.26.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. The firm had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The company’s quarterly revenue was down 32.8% on a year-over-year basis. During the same quarter last year, the business earned $8.26 earnings per share. On average, equities research analysts anticipate that Deere & Company will post 19.38 EPS for the current year.

Deere & Company Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.39%. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. Deere & Company’s dividend payout ratio is presently 25.31%.

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.