Winslow Asset Management Inc. Decreases Stake in Deere & Company (NYSE:DE)

Winslow Asset Management Inc. reduced its stake in shares of Deere & Company (NYSE:DE) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,001 shares of the industrial products company’s stock after selling 64 shares during the period. Winslow Asset Management Inc.’s holdings in Deere & Company were worth $7,095,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DE. Fairscale Capital LLC purchased a new stake in Deere & Company during the 2nd quarter worth about $26,000. Pineridge Advisors LLC increased its holdings in shares of Deere & Company by 725.0% in the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 58 shares during the period. Livelsberger Financial Advisory purchased a new position in Deere & Company during the 3rd quarter worth $32,000. Olistico Wealth LLC purchased a new position in Deere & Company during the second quarter worth about $37,000. Finally, Centennial Bank AR lifted its holdings in shares of Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after buying an additional 84 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DE shares. JPMorgan Chase & Co. upped their price target on Deere & Company from $360.00 to $420.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. BMO Capital Markets assumed coverage on Deere & Company in a report on Friday, August 9th. They issued a “market perform” rating and a $400.00 price target for the company. HSBC downgraded Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, August 19th. Finally, Oppenheimer lowered their price objective on shares of Deere & Company from $465.00 to $448.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Deere & Company currently has an average rating of “Hold” and an average price target of $420.69.

Deere & Company Price Performance

Shares of NYSE DE opened at $402.65 on Tuesday. Deere & Company has a 1-year low of $340.20 and a 1-year high of $420.47. The firm has a market capitalization 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 company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87. The business’s fifty day moving average price is $403.35 and its two-hundred day moving average price is $385.61.

Deere & Company (NYSE:DE) last released its quarterly earnings data 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. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The business had revenue of $11.39 billion for the quarter, compared to analysts’ expectations of $10.94 billion. During the same quarter last year, the company earned $10.20 EPS. The company’s revenue for the quarter was down 20.3% compared to the same quarter last year. On average, research analysts expect that Deere & Company will post 25 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, September 30th were given a dividend of $1.47 per share. The ex-dividend date of this dividend 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 presently 20.06%.

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.