Deere & Company $DE is TLW Wealth Management LLC’s 5th Largest Position

TLW Wealth Management LLC lowered its stake in Deere & Company (NYSE:DE) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,190 shares of the industrial products company’s stock after selling 1,121 shares during the period. Deere & Company makes up approximately 7.8% of TLW Wealth Management LLC’s investment portfolio, making the stock its 5th biggest position. TLW Wealth Management LLC’s holdings in Deere & Company were worth $13,590,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DE. Strategic Advocates LLC purchased a new position in Deere & Company in the third quarter worth about $25,000. Key Capital Management INC purchased a new position in Deere & Company in the fourth quarter worth about $27,000. Activest Wealth Management grew its position in Deere & Company by 69.2% in the third quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 27 shares in the last quarter. McIlrath & Eck LLC purchased a new position in Deere & Company in the fourth quarter worth about $30,000. Finally, Wealth Watch Advisors INC purchased a new position in Deere & Company in the third quarter worth about $32,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on DE shares. Jefferies Financial Group upgraded Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 price target for the company in a research report on Wednesday, April 8th. Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Morgan Stanley raised their price objective on shares of Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Royal Bank Of Canada raised their price objective on shares of Deere & Company from $541.00 to $736.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Finally, Citigroup decreased their price objective on shares of Deere & Company from $675.00 to $625.00 and set a “neutral” rating for the company in a research note on Monday, March 9th. Fifteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Deere & Company currently has a consensus rating of “Moderate Buy” and an average target price of $655.45.

Deere & Company Stock Down 2.2%

Shares of NYSE DE opened at $562.12 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.21 and a quick ratio of 1.96. The company has a market cap of $151.83 billion, a P/E ratio of 31.69, a PEG ratio of 2.00 and a beta of 0.96. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The firm has a 50-day simple moving average of $580.96 and a two-hundred day simple moving average of $537.02.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.52. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The business had revenue of $9.61 billion during the quarter, compared to the consensus estimate of $7.50 billion. During the same quarter last year, the firm earned $3.19 earnings per share. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. Research analysts anticipate that Deere & Company will post 18.01 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Deere & Company’s payout ratio is currently 36.53%.

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.