SOA Wealth Advisors LLC. Has $278,000 Stock Holdings in Deere & Company (NYSE:DE)

SOA Wealth Advisors LLC. increased its holdings in Deere & Company (NYSE:DE) by 7.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 677 shares of the industrial products company’s stock after purchasing an additional 44 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Deere & Company were worth $278,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new position in Deere & Company during the fourth quarter worth $1,248,036,000. International Assets Investment Management LLC boosted its position in shares of Deere & Company by 46,241.1% during the 4th quarter. International Assets Investment Management LLC now owns 840,627 shares of the industrial products company’s stock valued at $336,142,000 after purchasing an additional 838,813 shares in the last quarter. Parnassus Investments LLC grew its stake in Deere & Company by 22.4% during the fourth quarter. Parnassus Investments LLC now owns 3,856,171 shares of the industrial products company’s stock worth $1,541,967,000 after purchasing an additional 705,771 shares during the period. Dimensional Fund Advisors LP increased its holdings in Deere & Company by 11.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,595,945 shares of the industrial products company’s stock worth $638,167,000 after purchasing an additional 160,369 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Deere & Company by 11.3% in the fourth quarter. Fisher Asset Management LLC now owns 1,481,458 shares of the industrial products company’s stock valued at $592,391,000 after buying an additional 150,713 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DE shares. JPMorgan Chase & Co. cut their target price on shares of Deere & Company from $425.00 to $385.00 and set a “neutral” rating on the stock in a research note on Friday, May 17th. Stifel Nicolaus boosted their target price on Deere & Company from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Oppenheimer reissued an “outperform” rating and issued a $456.00 price target on shares of Deere & Company in a research report on Thursday, May 16th. TD Cowen upped their target price on shares of Deere & Company from $383.00 to $390.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Finally, Daiwa Capital Markets increased their price objective on Deere & Company from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Deere & Company currently has an average rating of “Moderate Buy” and an average target price of $433.36.

Deere & Company Stock Down 1.6 %

Shares of NYSE DE opened at $375.34 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.01 and a quick ratio of 1.80. The stock has a market capitalization of $103.43 billion, a PE ratio of 11.30, a P/E/G ratio of 1.53 and a beta of 0.98. Deere & Company has a one year low of $353.15 and a one year high of $450.00. The business’s fifty day moving average price is $387.54 and its 200-day moving average price is $386.59.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, May 16th. The industrial products company reported $8.53 earnings per share for the quarter, topping analysts’ consensus estimates of $7.86 by $0.67. The firm had revenue of $13.61 billion during the quarter, compared to analyst estimates of $13.29 billion. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. The company’s quarterly revenue was down 15.4% on a year-over-year basis. During the same quarter last year, the business earned $9.65 earnings per share. On average, equities research analysts anticipate that Deere & Company will post 25.61 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 28th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.88 dividend on an annualized basis and a yield of 1.57%. Deere & Company’s dividend payout ratio is 17.70%.

Deere & Company 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.