Fermata Advisors LLC Reduces Stock Holdings in Deere & Company (NYSE:DE)

Fermata Advisors LLC lowered its position in Deere & Company (NYSE:DE) by 12.8% in the first quarter, HoldingsChannel reports. The firm owned 499 shares of the industrial products company’s stock after selling 73 shares during the period. Fermata Advisors LLC’s holdings in Deere & Company were worth $234,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Pineridge Advisors LLC lifted its position in Deere & Company by 60.5% in the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after buying an additional 26 shares during the last quarter. YANKCOM Partnership acquired a new position in Deere & Company in the fourth quarter valued at about $34,000. Orion Capital Management LLC acquired a new position in Deere & Company in the fourth quarter valued at about $34,000. Mascagni Wealth Management Inc. acquired a new position in Deere & Company in the fourth quarter valued at about $39,000. Finally, Dogwood Wealth Management LLC acquired a new stake in shares of Deere & Company during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DE. Robert W. Baird increased their price target on shares of Deere & Company from $501.00 to $514.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. DA Davidson reissued a “buy” rating and set a $542.00 price target on shares of Deere & Company in a research report on Friday, May 16th. UBS Group reduced their price target on shares of Deere & Company from $462.00 to $440.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Argus set a $510.00 price target on shares of Deere & Company in a research report on Friday, March 7th. Finally, Wall Street Zen cut shares of Deere & Company from a “hold” rating to a “sell” rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Deere & Company currently has an average rating of “Hold” and an average price target of $515.19.

Deere & Company Stock Up 0.5%

DE stock opened at $510.57 on Friday. The company’s 50 day moving average price is $478.37 and its 200 day moving average price is $465.12. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $533.78. The firm has a market capitalization of $138.28 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 2.14 and a beta of 1.09.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, beating the consensus estimate of $5.72 by $0.92. The company had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The firm’s revenue was down 17.9% on a year-over-year basis. During the same period in the prior year, the firm posted $8.53 earnings per share. On average, equities research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be paid a $1.62 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.27%. Deere & Company’s dividend payout ratio is currently 31.35%.

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.