Windward Capital Management Co. CA Trims Stock Position in Deere & Company (NYSE:DE)

Windward Capital Management Co. CA trimmed its position in Deere & Company (NYSE:DEFree Report) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,262 shares of the industrial products company’s stock after selling 216 shares during the quarter. Windward Capital Management Co. CA’s holdings in Deere & Company were worth $6,890,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DE. Modus Advisors LLC purchased a new position in Deere & Company in the fourth quarter worth approximately $32,000. Livelsberger Financial Advisory acquired a new position in shares of Deere & Company in the 3rd quarter valued at $32,000. Synergy Asset Management LLC purchased a new position in shares of Deere & Company during the 4th quarter worth $35,000. Continuum Advisory LLC increased its position in shares of 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 purchasing an additional 67 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in Deere & Company in the 3rd quarter valued at about $47,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. UBS Group raised their price target on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Morgan Stanley lifted their price objective on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. increased their target price on Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. Finally, Citigroup dropped their target price on Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $444.50.

Check Out Our Latest Stock Report on DE

Deere & Company Stock Performance

Shares of DE opened at $472.72 on Wednesday. The firm has a market cap of $128.75 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 2.94 and a beta of 0.98. 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 business’s 50 day moving average is $444.77 and its two-hundred day moving average is $410.83. Deere & Company has a 52-week low of $340.20 and a 52-week high of $485.84.

Deere & Company (NYSE:DEGet Free Report) last posted its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. During the same period last year, the firm earned $8.26 earnings per share. The company’s revenue for the quarter was down 32.8% compared to the same quarter last year. Analysts forecast that Deere & Company will post 19.38 EPS for the current fiscal year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a dividend yield of 1.37%. Deere & Company’s dividend payout ratio is 25.31%.

Deere & Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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