Nikulski Financial Inc. Sells 117 Shares of Deere & Company (NYSE:DE)

Nikulski Financial Inc. cut its holdings in Deere & Company (NYSE:DE) by 1.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,895 shares of the industrial products company’s stock after selling 117 shares during the quarter. Nikulski Financial Inc.’s holdings in Deere & Company were worth $3,345,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Modus Advisors LLC bought a new position in Deere & Company in the fourth quarter valued at approximately $32,000. Livelsberger Financial Advisory bought a new position in shares of Deere & Company in the third quarter valued at about $32,000. Centennial Bank AR grew its position in shares of Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 84 shares during the last quarter. Continuum Advisory LLC increased its stake in shares of Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in Deere & Company during the 3rd quarter worth approximately $47,000. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DE. Truist Financial upped their price objective on Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Oppenheimer upped their price target on shares of Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Citigroup dropped their price objective on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Jefferies Financial Group lowered shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a research report on Friday, December 6th. Finally, Morgan Stanley increased their price target on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Deere & Company currently has an average rating of “Hold” and an average price target of $442.83.

Deere & Company Price Performance

Shares of NYSE:DE opened at $478.90 on Friday. The firm has a 50 day simple moving average of $438.55 and a 200 day simple moving average of $405.66. The company has a market cap of $130.43 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 2.84 and a beta of 0.98. Deere & Company has a one year low of $340.20 and a one year high of $479.48. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.66. The company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. Deere & Company’s revenue was down 32.8% compared to the same quarter last year. During the same period in the prior year, the company earned $8.26 EPS. Research analysts predict that Deere & Company will post 19.34 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be given a $1.62 dividend. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company’s dividend payout ratio is 25.31%.

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.