Farther Finance Advisors LLC Lowers Stock Holdings in Deere & Company (NYSE:DE)

Farther Finance Advisors LLC lowered its position in shares of Deere & Company (NYSE:DE) by 30.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,528 shares of the industrial products company’s stock after selling 1,091 shares during the period. Farther Finance Advisors LLC’s holdings in Deere & Company were worth $1,071,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Pineridge Advisors LLC boosted its position in shares of Deere & Company by 60.5% during the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 26 shares during the last quarter. Modus Advisors LLC bought a new stake in Deere & Company during the fourth quarter valued at approximately $32,000. YANKCOM Partnership purchased a new position in Deere & Company in the 4th quarter worth approximately $34,000. Synergy Asset Management LLC bought a new position in shares of Deere & Company in the 4th quarter worth $35,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Deere & Company during the 4th quarter valued at $44,000. Institutional investors own 68.58% of the company’s stock.

Insider Activity

In related news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the completion of the transaction, the insider now directly owns 74,878 shares of the company’s stock, valued at $37,484,675.58. This trade represents a 24.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.29% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DE has been the subject of several research reports. StockNews.com lowered shares of Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. Oppenheimer increased their price objective on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Baird R W downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Citigroup increased their price target on shares of Deere & Company from $430.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Finally, Argus set a $510.00 price objective on shares of Deere & Company in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Deere & Company has a consensus rating of “Hold” and an average price target of $460.00.

Deere & Company Stock Up 2.5 %

Shares of Deere & Company stock opened at $478.67 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05. The company has a market cap of $129.92 billion, a P/E ratio of 21.22, a PEG ratio of 2.14 and a beta of 1.01. The company’s fifty day simple moving average is $466.59 and its two-hundred day simple moving average is $432.84.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. Research analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Monday, March 31st. Deere & Company’s dividend payout ratio is currently 28.72%.

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.