TCW Group Inc. Acquires 296 Shares of Deere & Company (NYSE:DE)

TCW Group Inc. lifted its holdings in shares of Deere & Company (NYSE:DE) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,274 shares of the industrial products company’s stock after buying an additional 296 shares during the quarter. TCW Group Inc.’s holdings in Deere & Company were worth $20,981,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fairscale Capital LLC purchased a new position in Deere & Company during the 2nd quarter valued at about $26,000. Livelsberger Financial Advisory purchased a new position in Deere & Company during the third quarter valued at approximately $32,000. Centennial Bank AR increased its holdings in Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 84 shares during the period. Continuum Advisory LLC increased its holdings in Deere & Company by 155.8% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares during the period. Finally, Briaud Financial Planning Inc lifted its stake in Deere & Company by 73.5% in the 2nd quarter. Briaud Financial Planning Inc now owns 118 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 50 shares in the last quarter. 68.58% of the stock is owned by institutional investors.

Deere & Company Price Performance

Shares of DE stock opened at $444.13 on Wednesday. The business’s fifty day moving average is $418.17 and its 200 day moving average is $390.83. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. The stock has a market cap of $121.51 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.90 and a beta of 0.96. Deere & Company has a twelve month low of $340.20 and a twelve month high of $469.39.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping the consensus estimate of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same quarter in the previous year, the firm posted $8.26 earnings per share. Deere & Company’s quarterly revenue was down 32.8% on a year-over-year basis. Research analysts expect that Deere & Company will post 19.52 EPS for the current fiscal year.

Deere & Company Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s payout ratio is currently 25.31%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Bank of America raised their price target on Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Truist Financial boosted their price target on shares of Deere & Company from $496.00 to $538.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Hsbc Global Res cut shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. HSBC lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Oppenheimer upped their target price on Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Thirteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $443.28.

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.