Deere & Company (NYSE:DE) Shares Sold by Winslow Asset Management Inc.

Winslow Asset Management Inc. reduced its stake in Deere & Company (NYSE:DE) by 0.4% in the third quarter, HoldingsChannel reports. The fund owned 17,001 shares of the industrial products company’s stock after selling 64 shares during the quarter. Winslow Asset Management Inc.’s holdings in Deere & Company were worth $7,095,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DE. Fairscale Capital LLC acquired a new stake in Deere & Company in the second quarter worth approximately $26,000. Pineridge Advisors LLC raised its stake in shares of Deere & Company by 725.0% in the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock worth $27,000 after buying an additional 58 shares in the last quarter. Livelsberger Financial Advisory acquired a new stake in shares of Deere & Company in the third quarter valued at $32,000. Olistico Wealth LLC bought a new position in Deere & Company during the second quarter valued at about $37,000. Finally, Centennial Bank AR grew its holdings in Deere & Company by 420.0% during the second 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. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Deere & Company from $360.00 to $420.00 and gave the company a “neutral” rating in a report on Friday, October 11th. Evercore ISI increased their target price on shares of Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a research note on Monday, August 19th. Oppenheimer decreased their price target on shares of Deere & Company from $465.00 to $448.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Hsbc Global Res downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Deere & Company currently has a consensus rating of “Hold” and a consensus target price of $420.69.

Deere & Company Stock Up 2.2 %

Deere & Company stock opened at $402.65 on Tuesday. Deere & Company has a twelve month low of $340.20 and a twelve month high of $420.47. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07. The firm has a market cap of $110.17 billion, a PE ratio of 13.74, a P/E/G ratio of 1.50 and a beta of 0.93. The firm’s 50 day moving average price is $403.35 and its two-hundred day moving average price is $385.61.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share for the quarter, topping analysts’ consensus estimates of $5.63 by $0.66. The business had revenue of $11.39 billion for the quarter, compared to the consensus estimate of $10.94 billion. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. Deere & Company’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same period in the prior year, the business posted $10.20 earnings per share. On average, research analysts predict that Deere & Company will post 25 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, September 30th were issued a dividend of $1.47 per share. The ex-dividend date was Monday, September 30th. This represents a $5.88 annualized dividend and a dividend yield of 1.46%. Deere & Company’s dividend payout ratio is 20.06%.

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.