Ethos Financial Group LLC Has $319,000 Stake in Deere & Company (NYSE:DE)

Ethos Financial Group LLC lowered its stake in Deere & Company (NYSE:DE) by 25.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 794 shares of the industrial products company’s stock after selling 270 shares during the period. Ethos Financial Group LLC’s holdings in Deere & Company were worth $319,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on DE shares. Wells Fargo & Company cut their price target on Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a research note on Friday, February 16th. Deutsche Bank Aktiengesellschaft decreased their target price on Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Evercore ISI increased their price target on shares of Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a research report on Tuesday, February 20th. Stifel Nicolaus decreased their price objective on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a report on Friday, February 16th. Finally, Truist Financial began coverage on shares of Deere & Company in a report on Thursday, March 14th. They issued a “buy” rating and a $494.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $433.28.

Deere & Company Stock Up 0.9 %

Shares of DE stock traded up $3.62 during trading on Thursday, reaching $409.04. The company’s stock had a trading volume of 994,202 shares, compared to its average volume of 1,446,885. Deere & Company has a one year low of $345.55 and a one year high of $450.00. The business has a fifty day moving average price of $393.94 and a 200-day moving average price of $384.38. The company has a market cap of $113.86 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 1.51 and a beta of 1.04. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping the consensus estimate of $5.19 by $1.04. The firm had revenue of $10.49 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $6.55 EPS. Analysts anticipate that Deere & Company will post 27.37 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th were paid a $1.47 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a yield of 1.44%. 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.