TCI Wealth Advisors Inc. Sells 93 Shares of Deere & Company (NYSE:DE)

TCI Wealth Advisors Inc. lowered its position in Deere & Company (NYSE:DE) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,499 shares of the industrial products company’s stock after selling 93 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Deere & Company were worth $599,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DE. Everhart Financial Group Inc. lifted its position in shares of Deere & Company by 29.6% during the 3rd quarter. Everhart Financial Group Inc. now owns 1,042 shares of the industrial products company’s stock worth $393,000 after buying an additional 238 shares during the period. Hixon Zuercher LLC lifted its position in shares of Deere & Company by 1.4% during the 3rd quarter. Hixon Zuercher LLC now owns 4,159 shares of the industrial products company’s stock worth $1,570,000 after buying an additional 59 shares during the period. Lindbrook Capital LLC lifted its position in shares of Deere & Company by 64.2% during the 3rd quarter. Lindbrook Capital LLC now owns 706 shares of the industrial products company’s stock worth $266,000 after buying an additional 276 shares during the period. Verdence Capital Advisors LLC lifted its position in shares of Deere & Company by 2.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,840 shares of the industrial products company’s stock worth $1,072,000 after buying an additional 59 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Deere & Company by 1.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 199,318 shares of the industrial products company’s stock worth $75,219,000 after buying an additional 1,922 shares during the period. Institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 1.3 %

Shares of Deere & Company stock traded up $5.00 during trading on Friday, reaching $400.96. 1,626,960 shares of the company were exchanged, compared to its average volume of 1,337,641. 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 has a twelve month low of $345.55 and a twelve month high of $450.00. The business has a 50-day moving average price of $391.45 and a 200-day moving average price of $383.87. The firm has a market capitalization of $111.61 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 1.51 and a beta of 1.04.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. The business had revenue of $10.49 billion during the quarter, compared to analysts’ expectations of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The firm’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.55 earnings per share. Sell-side analysts anticipate that Deere & Company will post 27.37 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Morgan Stanley assumed coverage on Deere & Company in a research report on Monday, January 8th. They issued an “overweight” rating and a $430.00 price objective for the company. Melius Research reiterated a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. Truist Financial assumed coverage on Deere & Company in a research report on Thursday, March 14th. They issued a “buy” rating and a $494.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Deere & Company from $415.00 to $425.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Finally, Citigroup cut their price objective on Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $433.28.

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.