Golden State Equity Partners Sells 69 Shares of Deere & Company (NYSE:DE)

Golden State Equity Partners lowered its position in Deere & Company (NYSE:DE) by 7.5% in the 4th quarter, Holdings Channel reports. The firm owned 856 shares of the industrial products company’s stock after selling 69 shares during the quarter. Golden State Equity Partners’ holdings in Deere & Company were worth $342,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DE. Essex Savings Bank increased its position in shares of Deere & Company by 0.5% during the fourth quarter. Essex Savings Bank now owns 5,367 shares of the industrial products company’s stock worth $2,146,000 after acquiring an additional 26 shares during the period. Valley National Advisers Inc. increased its position in shares of Deere & Company by 1.5% during the fourth quarter. Valley National Advisers Inc. now owns 1,879 shares of the industrial products company’s stock worth $751,000 after acquiring an additional 27 shares during the period. Bleakley Financial Group LLC increased its position in shares of Deere & Company by 0.5% during the fourth quarter. Bleakley Financial Group LLC now owns 5,158 shares of the industrial products company’s stock worth $2,063,000 after acquiring an additional 27 shares during the period. Simplicity Solutions LLC increased its holdings in Deere & Company by 0.5% during the fourth quarter. Simplicity Solutions LLC now owns 5,158 shares of the industrial products company’s stock valued at $2,063,000 after buying an additional 27 shares during the period. Finally, SageView Advisory Group LLC increased its holdings in Deere & Company by 2.4% during the third quarter. SageView Advisory Group LLC now owns 1,201 shares of the industrial products company’s stock valued at $453,000 after buying an additional 28 shares during the period. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DE. Melius Research reissued a “hold” rating on shares of Deere & Company in a report on Monday, January 8th. Evercore ISI lifted their price objective on shares of Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. lifted their price objective on shares of Deere & Company from $415.00 to $425.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Wells Fargo & Company cut their price objective on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a report on Friday, February 16th. Finally, Citigroup cut their price objective on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Deere & Company has a consensus rating of “Hold” and an average price target of $433.28.

Deere & Company Trading Down 0.2 %

NYSE:DE opened at $393.33 on Friday. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00. The firm has a fifty day simple moving average of $387.86 and a 200-day simple moving average of $383.56. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $109.49 billion, a P/E ratio of 11.45, a PEG ratio of 1.48 and a beta of 1.04.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping the consensus estimate of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The business had revenue of $10.49 billion during the quarter, compared to the consensus estimate of $10.30 billion. During the same period in the previous year, the firm posted $6.55 earnings per share. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. On average, equities research analysts anticipate that Deere & Company will post 27.37 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders 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 annualized dividend and a dividend yield of 1.49%. Deere & Company’s payout ratio is currently 17.12%.

About Deere & Company

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.