Cornell Pochily Investment Advisors Inc. Sells 48 Shares of Deere & Company (NYSE:DE)

Cornell Pochily Investment Advisors Inc. cut its holdings in Deere & Company (NYSE:DE) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,466 shares of the industrial products company’s stock after selling 48 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in Deere & Company were worth $1,386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Liberty One Investment Management LLC raised its position in shares of Deere & Company by 0.5% during the 4th quarter. Liberty One Investment Management LLC now owns 6,016 shares of the industrial products company’s stock valued at $2,579,000 after purchasing an additional 27 shares during the period. SageView Advisory Group LLC increased its position in Deere & Company by 2.4% during the third quarter. SageView Advisory Group LLC now owns 1,201 shares of the industrial products company’s stock valued at $453,000 after acquiring an additional 28 shares during the last quarter. Family Legacy Inc. lifted its stake in Deere & Company by 0.4% in the fourth quarter. Family Legacy Inc. now owns 7,783 shares of the industrial products company’s stock worth $3,112,000 after purchasing an additional 28 shares during the last quarter. NewEdge Wealth LLC lifted its position in shares of Deere & Company by 5.6% during the third quarter. NewEdge Wealth LLC now owns 550 shares of the industrial products company’s stock worth $208,000 after purchasing an additional 29 shares during the last quarter. Finally, Guardian Investment Management boosted its position in Deere & Company by 1.9% in the 3rd quarter. Guardian Investment Management now owns 1,630 shares of the industrial products company’s stock valued at $615,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DE shares. Truist Financial began coverage on shares of Deere & Company in a report on Thursday, March 14th. They set a “buy” rating and a $494.00 price objective on the stock. Melius downgraded shares of Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Evercore ISI boosted their price objective on shares of Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft dropped their price target on Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. Finally, Melius Research reissued a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $431.69.

Deere & Company Trading Down 0.0 %

NYSE:DE traded down $0.02 during trading hours on Thursday, reaching $409.12. 342,726 shares of the stock were exchanged, compared to its average volume of 1,512,961. Deere & Company has a twelve month low of $345.55 and a twelve month high of $450.00. The business has a 50-day moving average of $379.82 and a two-hundred day moving average of $381.32. The company has a market capitalization of $113.88 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 1.50 and a beta of 1.03. 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, beating the consensus estimate of $5.19 by $1.04. The company had revenue of $10.49 billion during 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 firm’s revenue was down 8.0% compared to the same quarter last year. During the same quarter last year, the company posted $6.55 EPS. On average, equities analysts predict that Deere & Company will post 27.41 EPS for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be paid a dividend of $1.47 per share. The ex-dividend date is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.44%. Deere & Company’s payout ratio is 17.12%.

Deere & Company Profile

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.