Atria Investments Inc Sells 1,044 Shares of Deere & Company $DE

Atria Investments Inc decreased its stake in Deere & Company (NYSE:DEFree Report) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,883 shares of the industrial products company’s stock after selling 1,044 shares during the quarter. Atria Investments Inc’s holdings in Deere & Company were worth $7,720,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Mid American Wealth Advisory Group Inc. bought a new position in shares of Deere & Company in the second quarter valued at approximately $25,000. Howard Hughes Medical Institute acquired a new stake in Deere & Company during the 2nd quarter valued at $27,000. Activest Wealth Management raised its position in Deere & Company by 69.2% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 27 shares during the last quarter. Center for Financial Planning Inc. boosted its stake in Deere & Company by 406.7% in the second quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 61 shares in the last quarter. Finally, Soundwatch Capital LLC acquired a new position in Deere & Company in the second quarter worth $41,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Up 0.7%

Shares of Deere & Company stock opened at $602.54 on Friday. The firm has a market cap of $163.33 billion, a PE ratio of 32.55, a P/E/G ratio of 2.39 and a beta of 1.02. The business’s 50 day simple moving average is $507.56 and its 200 day simple moving average is $487.44. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.01 and a current ratio of 2.22. Deere & Company has a 52-week low of $404.42 and a 52-week high of $626.25.

Deere & Company (NYSE:DEGet Free Report) last announced its quarterly earnings data on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). The company had revenue of $12.39 billion for the quarter, compared to the consensus estimate of $9.77 billion. Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.55 EPS. On average, analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Wednesday, December 31st were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is currently 35.01%.

Insider Activity

In other news, insider Cory J. Reed sold 12,000 shares of Deere & Company stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total value of $6,120,000.00. Following the completion of the sale, the insider directly owned 20,792 shares in the company, valued at approximately $10,603,920. The trade was a 36.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John C. May II sold 41,472 shares of the stock in a transaction 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 in the company, valued at approximately $59,160,775.30. This trade represents a 26.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 64,578 shares of company stock valued at $32,471,682 in the last quarter. Corporate insiders own 0.29% of the company’s stock.

More Deere & Company News

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Wall Street Analyst Weigh In

Several analysts have recently commented on DE shares. Zacks Research raised shares of Deere & Company from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Evercore reaffirmed a “positive” rating on shares of Deere & Company in a report on Friday, November 28th. Wolfe Research increased their price objective on Deere & Company from $520.00 to $550.00 and gave the company an “outperform” rating in a research report on Friday, January 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a research report on Monday, December 29th. Finally, Oppenheimer upped their price target on Deere & Company from $512.00 to $531.00 and gave the company an “outperform” rating in a research note on Friday, November 28th. Fifteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Deere & Company has an average rating of “Moderate Buy” and a consensus target price of $524.20.

View Our Latest Research Report on Deere & Company

About Deere & Company

(Free Report)

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.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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