Deere & Company (NYSE:DE) Shares Sold by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV cut its position in shares of Deere & Company (NYSE:DE) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,535 shares of the industrial products company’s stock after selling 90 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Deere & Company were worth $1,414,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Briaud Financial Planning Inc bought a new position in shares of Deere & Company during the 3rd quarter valued at about $25,000. ZRC Wealth Management LLC acquired a new position in Deere & Company in the fourth quarter worth approximately $28,000. Rakuten Securities Inc. bought a new position in shares of Deere & Company in the fourth quarter valued at $28,000. Naples Money Management LLC acquired a new stake in shares of Deere & Company during the 4th quarter valued at $29,000. Finally, Bfsg LLC acquired a new position in shares of Deere & Company in the 4th quarter worth $30,000. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DE shares. Stifel Nicolaus dropped their target price 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. Wells Fargo & Company cut their price target on Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a research note on Friday, February 16th. 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 research report on Friday, February 16th. Melius lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Evercore ISI boosted their price target on Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 20th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $433.28.

Deere & Company Trading Down 0.2 %

NYSE:DE traded down $0.66 during mid-day trading on Thursday, hitting $393.96. The company had a trading volume of 1,316,485 shares, compared to its average volume of 1,478,384. Deere & Company has a fifty-two week low of $345.55 and a fifty-two week high of $450.00. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05. The firm has a market cap of $109.66 billion, a P/E ratio of 11.47, a P/E/G ratio of 1.49 and a beta of 1.04. The business’s fifty day moving average is $387.20 and its two-hundred day moving average is $383.54.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. The firm had revenue of $10.49 billion during 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%. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $6.55 EPS. As a group, research analysts expect that Deere & Company will post 27.37 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s dividend payout ratio is 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.