Focus Partners Advisor Solutions LLC Sells 6,105 Shares of Deere & Company $DE

Focus Partners Advisor Solutions LLC lessened its stake in Deere & Company (NYSE:DE) by 88.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 777 shares of the industrial products company’s stock after selling 6,105 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Deere & Company were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Deere & Company by 39.1% during the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after purchasing an additional 1,278 shares during the last quarter. Schnieders Capital Management LLC. raised its position in Deere & Company by 7.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,076 shares of the industrial products company’s stock worth $1,056,000 after purchasing an additional 150 shares during the last quarter. Penserra Capital Management LLC raised its position in Deere & Company by 11.1% in the 2nd quarter. Penserra Capital Management LLC now owns 1,366 shares of the industrial products company’s stock worth $694,000 after purchasing an additional 136 shares during the last quarter. AE Wealth Management LLC lifted its holdings in Deere & Company by 3.6% during the 2nd quarter. AE Wealth Management LLC now owns 7,842 shares of the industrial products company’s stock worth $3,989,000 after buying an additional 269 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in Deere & Company by 691.4% during the 2nd quarter. Los Angeles Capital Management LLC now owns 9,924 shares of the industrial products company’s stock worth $5,046,000 after buying an additional 8,670 shares in the last quarter. 68.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on DE. Morgan Stanley lifted their target price on Deere & Company from $560.00 to $730.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Oppenheimer reiterated an “outperform” rating and issued a $715.00 price target on shares of Deere & Company in a report on Friday, February 20th. Sanford C. Bernstein lifted their price objective on Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Finally, Raymond James Financial reissued an “outperform” rating and set a $765.00 price objective on shares of Deere & Company in a report on Monday, February 23rd. Sixteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $644.70.

Insider Transactions at Deere & Company

In related news, insider Cory J. Reed sold 12,000 shares of the stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the completion of the sale, the insider directly owned 20,792 shares of the company’s stock, valued at approximately $10,603,920. This represents a 36.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John C. May II sold 41,472 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $501.49, for a total value of $20,797,793.28. Following the sale, the chief executive officer directly owned 117,970 shares of the company’s stock, valued at approximately $59,160,775.30. The trade was a 26.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by insiders.

Deere & Company Stock Up 1.8%

Shares of NYSE:DE opened at $600.49 on Tuesday. The company has a 50 day moving average price of $554.55 and a two-hundred day moving average price of $500.43. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.96 and a current ratio of 2.21. The company has a market capitalization of $162.20 billion, a PE ratio of 33.85, a PEG ratio of 2.07 and a beta of 0.96. Deere & Company has a 52 week low of $404.42 and a 52 week high of $674.19.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.52. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The company had revenue of $9.61 billion during the quarter, compared to analyst estimates of $7.50 billion. During the same quarter in the previous year, the business earned $3.19 EPS. The firm’s revenue was up 17.5% on a year-over-year basis. Analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Deere & Company’s payout ratio is presently 36.53%.

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.