1,107 Shares in Deere & Company (NYSE:DE) Purchased by Wynn Capital LLC

Wynn Capital LLC acquired a new position in shares of Deere & Company (NYSE:DE) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,107 shares of the industrial products company’s stock, valued at approximately $443,000.

A number of other hedge funds have also modified their holdings of DE. Briaud Financial Planning Inc bought a new position in Deere & Company in the third quarter valued at approximately $25,000. Rakuten Securities Inc. bought a new position in Deere & Company in the fourth quarter valued at approximately $28,000. Naples Money Management LLC acquired a new stake in shares of Deere & Company in the fourth quarter valued at approximately $29,000. Bfsg LLC acquired a new stake in shares of Deere & Company in the fourth quarter valued at approximately $30,000. Finally, ZRC Wealth Management LLC acquired a new stake in shares of Deere & Company in the fourth quarter valued at approximately $28,000. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DE shares. Melius Research reaffirmed a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. Melius cut Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Evercore ISI lifted their price target on Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft dropped their price target on Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a report on Friday, February 16th. Finally, Truist Financial assumed coverage on Deere & Company in a report on Thursday, March 14th. They set a “buy” rating and a $494.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $433.28.

Deere & Company Trading Down 0.7 %

Shares of DE stock traded down $2.59 on Wednesday, hitting $394.62. The company had a trading volume of 944,407 shares, compared to its average volume of 1,480,431. The firm has a market cap of $109.85 billion, a P/E ratio of 11.50, a P/E/G ratio of 1.50 and a beta of 1.04. The stock’s 50-day moving average is $386.42 and its two-hundred day moving average is $383.39. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05. Deere & Company has a twelve month low of $345.55 and a twelve month high of $450.00.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, beating the consensus estimate of $5.19 by $1.04. The company had revenue of $10.49 billion during the quarter, compared to analysts’ expectations of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The business’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.55 earnings per share. On average, equities research analysts anticipate that Deere & Company will post 27.37 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be given a dividend of $1.47 per share. The ex-dividend date is Wednesday, March 27th. This represents a $5.88 annualized dividend and a dividend yield of 1.49%. Deere & Company’s payout ratio is 17.12%.

Deere & 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.