Vance Wealth Inc. Sells 131 Shares of Deere & Company (NYSE:DE)

Vance Wealth Inc. decreased its stake in shares of Deere & Company (NYSE:DE) by 13.3% in the 3rd quarter, Holdings Channel reports. The fund owned 851 shares of the industrial products company’s stock after selling 131 shares during the quarter. Vance Wealth Inc.’s holdings in Deere & Company were worth $355,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Janus Henderson Group PLC increased its position in shares of Deere & Company by 0.5% during the first quarter. Janus Henderson Group PLC now owns 3,859,021 shares of the industrial products company’s stock worth $1,585,028,000 after acquiring an additional 19,200 shares in the last quarter. Legal & General Group Plc lifted its position in Deere & Company by 2.7% during the 2nd quarter. Legal & General Group Plc now owns 2,254,266 shares of the industrial products company’s stock worth $842,259,000 after buying an additional 60,255 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Deere & Company by 15.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,146,441 shares of the industrial products company’s stock worth $802,037,000 after buying an additional 279,627 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Deere & Company by 8.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,470,159 shares of the industrial products company’s stock valued at $603,854,000 after acquiring an additional 114,116 shares in the last quarter. Finally, Markel Group Inc. increased its position in shares of Deere & Company by 2.8% in the third quarter. Markel Group Inc. now owns 869,100 shares of the industrial products company’s stock valued at $362,702,000 after acquiring an additional 23,750 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 1.4 %

Shares of Deere & Company stock opened at $404.63 on Tuesday. The business has a fifty day simple moving average of $404.38 and a two-hundred day simple moving average of $385.70. Deere & Company has a 1 year low of $340.20 and a 1 year high of $420.47. The company has a market capitalization of $110.71 billion, a price-to-earnings ratio of 13.81, a P/E/G ratio of 1.52 and a beta of 0.93. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 1.45%. The ex-dividend date was Monday, September 30th. Deere & Company’s payout ratio is 20.06%.

Wall Street Analyst Weigh In

Several brokerages recently commented on DE. HSBC cut Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Truist Financial increased their price objective on Deere & Company from $443.00 to $496.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Bank of America increased their price objective on Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Oppenheimer cut their price objective on Deere & Company from $465.00 to $448.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Finally, Citigroup increased their price objective on Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $420.69.

About Deere & Company

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.