Apexium Financial LP Sells 105 Shares of Deere & Company (NYSE:DE)

Apexium Financial LP trimmed its position in shares of Deere & Company (NYSE:DE) by 17.4% in the fourth quarter, Holdings Channel reports. The fund owned 498 shares of the industrial products company’s stock after selling 105 shares during the quarter. Apexium Financial LP’s holdings in Deere & Company were worth $211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in DE. Livelsberger Financial Advisory acquired a new stake in Deere & Company in the 3rd quarter valued at approximately $32,000. Modus Advisors LLC bought a new stake in shares of Deere & Company in the fourth quarter valued at approximately $32,000. Centennial Bank AR grew its stake in shares of Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 84 shares during the last quarter. Continuum Advisory LLC increased its position in 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 acquiring an additional 67 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in Deere & Company during the 3rd quarter valued at $47,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DE has been the topic of several research reports. Barclays boosted their price target on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a research note on Friday, December 6th. Morgan Stanley lifted their price target on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Oppenheimer raised their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Finally, Truist Financial upped their target price on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $442.83.

Deere & Company Price Performance

Shares of DE stock opened at $484.08 on Tuesday. The stock’s fifty day moving average is $438.55 and its 200-day moving average is $406.44. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. Deere & Company has a 52 week low of $340.20 and a 52 week high of $484.39. The stock has a market capitalization of $131.84 billion, a PE ratio of 18.91, a PEG ratio of 2.84 and a beta of 0.98.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. During the same quarter last year, the company posted $8.26 EPS. The company’s quarterly revenue was down 32.8% compared to the same quarter last year. 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 issued a dividend of $1.62 per share. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.48 annualized dividend and a yield of 1.34%. Deere & Company’s dividend payout ratio is currently 25.31%.

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.