Trust Investment Advisors Sells 44 Shares of Deere & Company (NYSE:DE)

Trust Investment Advisors decreased its position in Deere & Company (NYSE:DE) by 1.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,292 shares of the industrial products company’s stock after selling 44 shares during the period. Trust Investment Advisors’ holdings in Deere & Company were worth $1,316,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DE. RB Capital Management LLC lifted its holdings in shares of Deere & Company by 5.2% during the 1st quarter. RB Capital Management LLC now owns 1,637 shares of the industrial products company’s stock valued at $680,000 after purchasing an additional 81 shares in the last quarter. Bornite Capital Management LP acquired a new stake in Deere & Company during the 1st quarter worth approximately $14,541,000. Retirement Income Solutions Inc acquired a new position in shares of Deere & Company in the first quarter valued at approximately $229,000. Sequoia Financial Advisors LLC increased its position in shares of Deere & Company by 27.1% during the first quarter. Sequoia Financial Advisors LLC now owns 2,442 shares of the industrial products company’s stock worth $1,014,000 after acquiring an additional 521 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of Deere & Company by 32.4% during the first quarter. Baird Financial Group Inc. now owns 114,322 shares of the industrial products company’s stock worth $47,496,000 after acquiring an additional 27,985 shares during the period. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

DE stock traded up $3.72 during trading hours on Thursday, hitting $400.60. 1,546,065 shares of the stock were exchanged, compared to its average volume of 1,500,990. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00. 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 firm has a market capitalization of $111.51 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.48 and a beta of 1.04. The company has a 50-day simple moving average of $385.17 and a two-hundred day simple moving average of $382.66.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. The business had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. Deere & Company’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period last year, the firm earned $6.55 earnings per share. On average, analysts forecast that Deere & Company will post 27.39 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is currently 17.12%.

Wall Street Analyst Weigh In

DE has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their target price on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a research note on Friday, February 16th. Truist Financial started coverage on Deere & Company in a report on Thursday, March 14th. They set a “buy” rating and a $494.00 price objective for the company. Morgan Stanley initiated coverage on Deere & Company in a research note on Monday, January 8th. They issued an “overweight” rating and a $430.00 target price on the stock. Melius Research reaffirmed a “hold” rating on shares of Deere & Company in a research note on Monday, January 8th. Finally, Stifel Nicolaus cut their price objective on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $433.28.

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.