Clearview Wealth Advisors LLC Sells 25 Shares of Deere & Company (NYSE:DE)

Clearview Wealth Advisors LLC decreased its position in Deere & Company (NYSE:DE) by 3.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 731 shares of the industrial products company’s stock after selling 25 shares during the quarter. Clearview Wealth Advisors LLC’s holdings in Deere & Company were worth $343,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Orion Capital Management LLC bought a new position in Deere & Company during the 4th quarter worth $34,000. Mascagni Wealth Management Inc. bought a new stake in shares of Deere & Company in the fourth quarter valued at about $39,000. Dogwood Wealth Management LLC acquired a new position in shares of Deere & Company in the fourth quarter valued at about $42,000. Wood Tarver Financial Group LLC bought a new position in Deere & Company during the fourth quarter worth about $43,000. Finally, Marquette Asset Management LLC acquired a new stake in Deere & Company in the 1st quarter worth about $49,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Down 1.4%

DE opened at $513.86 on Tuesday. The company has a market cap of $139.17 billion, a P/E ratio of 24.86, a PEG ratio of 3.31 and a beta of 1.09. The company has a current ratio of 2.11, a quick ratio of 1.89 and a debt-to-equity ratio of 1.76. The company’s 50 day moving average is $496.05 and its 200-day moving average is $471.31. Deere & Company has a 1-year low of $340.20 and a 1-year high of $533.78.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, beating analysts’ consensus estimates of $5.72 by $0.92. The firm had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The company’s quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter last year, the business posted $8.53 earnings per share. Equities research analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company’s dividend payout ratio (DPR) is 31.35%.

Analysts Set New Price Targets

DE has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their target price on shares of Deere & Company from $490.00 to $540.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Argus set a $510.00 price target on Deere & Company in a research report on Friday, March 7th. Truist Financial lifted their price objective on Deere & Company from $546.00 to $619.00 and gave the company a “buy” rating in a report on Friday, May 16th. Wall Street Zen downgraded Deere & Company from a “hold” rating to a “sell” rating in a research report on Friday, May 30th. Finally, Morgan Stanley raised their price target on Deere & Company from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $515.19.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.