Deere & Company (NYSE:DE) Holdings Decreased by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC reduced its holdings in Deere & Company (NYSE:DE) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 477 shares of the industrial products company’s stock after selling 52 shares during the period. OneAscent Wealth Management LLC’s holdings in Deere & Company were worth $202,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Townsquare Capital LLC boosted its position in Deere & Company by 26.2% during the third quarter. Townsquare Capital LLC now owns 6,354 shares of the industrial products company’s stock valued at $2,652,000 after purchasing an additional 1,319 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Deere & Company by 14.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 10,471 shares of the industrial products company’s stock valued at $4,370,000 after buying an additional 1,300 shares during the last quarter. Icon Wealth Advisors LLC bought a new stake in shares of Deere & Company in the 3rd quarter valued at approximately $113,000. Circle Wealth Management LLC acquired a new position in Deere & Company in the third quarter worth approximately $382,000. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in Deere & Company during the third quarter valued at approximately $27,961,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DE shares. StockNews.com upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. boosted their price target on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Baird R W lowered Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Truist Financial restated a “buy” rating and issued a $546.00 target price (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Finally, Citigroup increased their price target on Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Fourteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $460.00.

Insider Buying and Selling at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value of $12,304,993.80. Following the sale, the insider now owns 74,878 shares in the company, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.29% of the company’s stock.

Deere & Company Price Performance

Shares of DE stock opened at $465.27 on Friday. The stock has a 50 day moving average of $477.28 and a two-hundred day moving average of $439.76. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05. The company has a market capitalization of $126.28 billion, a P/E ratio of 20.62, a P/E/G ratio of 2.14 and a beta of 1.01.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. As a group, equities analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Monday, March 31st. Deere & Company’s dividend payout ratio is 28.72%.

Deere & Company 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.