Foster & Motley Inc. Has $1.16 Million Holdings in Deere & Company (NYSE:DE)

Foster & Motley Inc. cut its stake in shares of Deere & Company (NYSE:DE) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,741 shares of the industrial products company’s stock after selling 205 shares during the period. Foster & Motley Inc.’s holdings in Deere & Company were worth $1,161,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Modus Advisors LLC bought a new position in shares of Deere & Company during the fourth quarter worth approximately $32,000. Livelsberger Financial Advisory bought a new stake in shares of Deere & Company during the third quarter worth $32,000. Continuum Advisory LLC lifted its holdings in shares of Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of Deere & Company during the third quarter worth $47,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Deere & Company during the third quarter worth $55,000. 68.58% of the stock is owned by institutional investors.

Deere & Company Trading Up 0.4 %

NYSE:DE opened at $479.91 on Friday. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The firm has a 50-day moving average of $443.22 and a 200-day moving average of $408.60. The company has a market cap of $130.70 billion, a PE ratio of 18.75, a PEG ratio of 2.84 and a beta of 0.98. Deere & Company has a one year low of $340.20 and a one year high of $485.84.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. During the same period in the prior year, the firm posted $8.26 EPS. The firm’s quarterly revenue was down 32.8% compared to the same quarter last year. As a group, equities research analysts expect that Deere & Company will post 19.34 EPS for the current fiscal year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.35%. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. Deere & Company’s dividend payout ratio is presently 25.31%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Citigroup dropped their target price on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Jefferies Financial Group lowered shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a report on Friday, December 6th. Barclays boosted their target price on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, UBS Group boosted their target price on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $444.50.

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.