SOA Wealth Advisors LLC. Invests $111,000 in Deere & Company (NYSE:DE)

SOA Wealth Advisors LLC. acquired a new position in Deere & Company (NYSE:DE) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 356 shares of the industrial products company’s stock, valued at approximately $111,000.

Several other institutional investors have also recently modified their holdings of DE. Flagship Harbor Advisors LLC boosted its stake in Deere & Company by 3.4% in the 4th quarter. Flagship Harbor Advisors LLC now owns 962 shares of the industrial products company’s stock worth $259,000 after purchasing an additional 32 shares in the last quarter. Slow Capital Inc. boosted its stake in Deere & Company by 0.5% in the 4th quarter. Slow Capital Inc. now owns 6,107 shares of the industrial products company’s stock worth $1,643,000 after purchasing an additional 32 shares in the last quarter. First Command Bank boosted its stake in Deere & Company by 7.8% in the 4th quarter. First Command Bank now owns 471 shares of the industrial products company’s stock worth $127,000 after purchasing an additional 34 shares in the last quarter. CENTRAL TRUST Co boosted its stake in Deere & Company by 0.4% in the 4th quarter. CENTRAL TRUST Co now owns 9,395 shares of the industrial products company’s stock worth $2,527,000 after purchasing an additional 35 shares in the last quarter. Finally, Delta Asset Management LLC TN boosted its stake in Deere & Company by 2.3% in the 4th quarter. Delta Asset Management LLC TN now owns 1,556 shares of the industrial products company’s stock worth $419,000 after purchasing an additional 35 shares in the last quarter. 66.77% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company stock opened at $374.79 on Thursday. Deere & Company has a 52-week low of $117.85 and a 52-week high of $392.42. The firm has a market capitalization of $117.47 billion, a price-to-earnings ratio of 43.08, a PEG ratio of 1.43 and a beta of 0.96. The company has a fifty day simple moving average of $357.42 and a 200-day simple moving average of $285.84. The company has a quick ratio of 2.03, a current ratio of 2.24 and a debt-to-equity ratio of 2.53.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, February 18th. The industrial products company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $2.17 by $1.70. The firm had revenue of $8.05 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Deere & Company had a net margin of 7.74% and a return on equity of 22.17%. The company’s revenue was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 EPS. On average, research analysts anticipate that Deere & Company will post 13.09 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 10th. Stockholders of record on Wednesday, March 31st will be given a dividend of $0.90 per share. This is a boost from Deere & Company’s previous quarterly dividend of $0.76. The ex-dividend date is Tuesday, March 30th. This represents a $3.60 annualized dividend and a dividend yield of 0.96%. Deere & Company’s payout ratio is presently 41.43%.

A number of analysts recently commented on DE shares. Stifel Nicolaus lifted their target price on shares of Deere & Company from $325.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, March 1st. Credit Suisse Group lifted their price objective on shares of Deere & Company from $343.00 to $403.00 and gave the company an “outperform” rating in a research note on Monday, March 1st. Morgan Stanley lifted their price objective on shares of Deere & Company from $341.00 to $394.00 and gave the company an “overweight” rating in a research note on Thursday, February 25th. Oppenheimer lifted their price objective on shares of Deere & Company from $331.00 to $380.00 and gave the company an “outperform” rating in a research note on Monday, March 1st. Finally, Robert W. Baird lifted their price objective on shares of Deere & Company from $353.00 to $375.00 and gave the company an “outperform” rating in a research note on Thursday, February 25th. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $320.20.

Deere & Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment provides various agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural solutions and precision technologies; and other outdoor power products.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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