Deere & Company (NYSE:DE) Shares Sold by Elyxium Wealth LLC

Elyxium Wealth LLC lessened its position in Deere & Company (NYSE:DE) by 13.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,782 shares of the industrial products company’s stock after selling 423 shares during the quarter. Deere & Company makes up about 0.7% of Elyxium Wealth LLC’s portfolio, making the stock its 27th largest holding. Elyxium Wealth LLC’s holdings in Deere & Company were worth $1,179,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Pineridge Advisors LLC grew its position in Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 26 shares in the last quarter. YANKCOM Partnership purchased a new stake in Deere & Company during the 4th quarter worth approximately $34,000. Synergy Asset Management LLC acquired a new stake in Deere & Company during the 4th quarter worth approximately $35,000. Sierra Ocean LLC purchased a new position in Deere & Company in the 4th quarter valued at approximately $44,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth $48,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Price Performance

Deere & Company stock opened at $490.50 on Friday. The firm has a market capitalization of $133.13 billion, a PE ratio of 21.74, a P/E/G ratio of 2.14 and a beta of 1.08. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05. The firm’s 50-day simple moving average is $465.12 and its 200 day simple moving average is $450.33. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. On average, equities research analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Monday, March 31st were issued a dividend of $1.62 per share. The ex-dividend date was Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.32%. Deere & Company’s dividend payout ratio (DPR) is presently 28.72%.

Insider Activity at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the completion of the sale, the insider now owns 74,878 shares in the company, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

DE has been the topic of several recent research reports. UBS Group cut their price target on Deere & Company from $462.00 to $440.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Baird R W cut shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. boosted their price target on shares of Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Truist Financial restated a “buy” rating and issued a $546.00 price objective (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $501.00 target price on shares of Deere & Company in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $460.21.

Deere & 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.