Argent Advisors Inc. Has $347,000 Position in Deere & Company (NYSE:DE)

Argent Advisors Inc. reduced its holdings in shares of Deere & Company (NYSE:DE) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 820 shares of the industrial products company’s stock after selling 70 shares during the period. Argent Advisors Inc.’s holdings in Deere & Company were worth $347,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Aspen Wealth Strategies LLC grew its holdings in Deere & Company by 3.0% during the 4th quarter. Aspen Wealth Strategies LLC now owns 3,088 shares of the industrial products company’s stock worth $1,308,000 after acquiring an additional 90 shares during the period. Signaturefd LLC grew its holdings in Deere & Company by 2.8% during the 4th quarter. Signaturefd LLC now owns 5,442 shares of the industrial products company’s stock worth $2,306,000 after acquiring an additional 147 shares during the period. Parallel Advisors LLC grew its holdings in Deere & Company by 1.5% during the 4th quarter. Parallel Advisors LLC now owns 2,975 shares of the industrial products company’s stock worth $1,261,000 after acquiring an additional 44 shares during the period. Cibc World Markets Corp grew its holdings in Deere & Company by 15.2% during the 4th quarter. Cibc World Markets Corp now owns 40,420 shares of the industrial products company’s stock worth $17,126,000 after acquiring an additional 5,318 shares during the period. Finally, Twin Tree Management LP acquired a new stake in Deere & Company during the 4th quarter worth about $74,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Trading Up 1.1 %

NYSE:DE opened at $482.59 on Tuesday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The firm has a market cap of $130.98 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05. The firm has a 50-day moving average price of $467.88 and a two-hundred day moving average price of $434.34.

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

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be paid a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.34%. Deere & Company’s dividend payout ratio (DPR) is 28.72%.

Insider Buying and Selling at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value 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. This trade represents a 24.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

DE has been the subject of a number of recent analyst reports. Robert W. Baird reiterated a “neutral” rating and set a $501.00 price target on shares of Deere & Company in a report on Monday, March 3rd. Jefferies Financial Group cut shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a research report on Friday, December 6th. StockNews.com cut shares of Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. Argus set a $510.00 price objective on shares of Deere & Company in a research report on Friday, March 7th. Finally, Truist Financial reissued a “buy” rating and set a $546.00 price objective (down previously from $550.00) on shares of Deere & Company in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $460.00.

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.