Avior Wealth Management LLC Reduces Position in Deere & Company (NYSE:DE)

Avior Wealth Management LLC lowered its stake in shares of Deere & Company (NYSE:DE) by 5.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,677 shares of the industrial products company’s stock after selling 276 shares during the period. Avior Wealth Management LLC’s holdings in Deere & Company were worth $1,952,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Fairscale Capital LLC bought a new stake in shares of Deere & Company in the second quarter worth $26,000. Pineridge Advisors LLC lifted its stake in shares of Deere & Company by 725.0% in the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 58 shares during the period. Livelsberger Financial Advisory purchased a new position in shares of Deere & Company in the third quarter worth approximately $32,000. Olistico Wealth LLC bought a new stake in Deere & Company during the second quarter valued at approximately $37,000. Finally, Centennial Bank AR grew its position in Deere & Company by 420.0% during the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after buying an additional 84 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DE shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Hsbc Global Res cut Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. BMO Capital Markets initiated coverage on Deere & Company in a research note on Friday, August 9th. They issued a “market perform” rating and a $400.00 price objective on the stock. Bank of America boosted their price objective on Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of Deere & Company from $360.00 to $420.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $420.69.

Deere & Company Price Performance

NYSE:DE opened at $400.13 on Wednesday. The business’s 50-day moving average is $404.63 and its 200 day moving average is $385.69. Deere & Company has a 12 month low of $340.20 and a 12 month high of $420.47. The company has a market capitalization of $109.47 billion, a P/E ratio of 13.65, a P/E/G ratio of 1.52 and a beta of 0.93. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, September 30th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.88 annualized dividend and a dividend yield of 1.47%. Deere & Company’s dividend payout ratio (DPR) is 20.06%.

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.