SOA Wealth Advisors LLC. Sells 56 Shares of Deere & Company (NYSE:DE)

SOA Wealth Advisors LLC. trimmed its holdings in shares of Deere & Company (NYSE:DE) by 3.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Livelsberger Financial Advisory bought a new stake in Deere & Company during the third quarter worth about $32,000. Modus Advisors LLC purchased a new position in shares of Deere & Company during the 4th quarter valued at about $32,000. YANKCOM Partnership bought a new stake in Deere & Company in the 4th quarter worth approximately $34,000. Synergy Asset Management LLC purchased a new stake in Deere & Company in the fourth quarter worth approximately $35,000. Finally, Continuum Advisory LLC grew its position in Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Stock Up 0.1 %

DE stock opened at $465.63 on Friday. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $485.84. The company has a market capitalization of $126.82 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 2.94 and a beta of 0.98. The business’s 50 day moving average price is $445.01 and its two-hundred day moving average price is $412.26. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09.

Deere & Company (NYSE:DE) last issued its quarterly earnings results 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 company had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm’s revenue for the quarter was down 32.8% on a year-over-year basis. During the same period in the prior year, the firm earned $8.26 earnings per share. As a group, analysts forecast that Deere & Company will post 19.38 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $1.62 per share. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.39%. Deere & Company’s dividend payout ratio (DPR) is currently 25.31%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. 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. UBS Group lifted 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 target price on Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Oppenheimer lifted their price target on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, Citigroup dropped their price objective on Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $444.50.

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.