Nvwm LLC Reduces Holdings in Deere & Company (NYSE:DE)

Nvwm LLC reduced its holdings in shares of Deere & Company (NYSE:DE) by 6.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,398 shares of the industrial products company’s stock after selling 95 shares during the period. Nvwm LLC’s holdings in Deere & Company were worth $592,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Modus Advisors LLC bought a new stake in shares of Deere & Company during the 4th quarter valued at $32,000. Livelsberger Financial Advisory purchased a new position in Deere & Company during the third quarter valued at $32,000. Synergy Asset Management LLC bought a new stake in Deere & Company during the fourth quarter valued at about $35,000. Continuum Advisory LLC increased its position in Deere & Company by 155.8% in the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after buying an additional 67 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of Deere & Company in the third quarter worth about $47,000. 68.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DE shares. Morgan Stanley boosted 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. Citigroup decreased their price objective on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Oppenheimer increased their price target on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Truist Financial boosted their price objective on Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Barclays increased their target price on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $444.50.

Deere & Company Price Performance

Shares of NYSE DE opened at $467.77 on Thursday. Deere & Company has a twelve month low of $340.20 and a twelve month high of $485.84. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. The stock has a market cap of $127.40 billion, a P/E ratio of 18.27, a P/E/G ratio of 2.94 and a beta of 0.98. The stock has a 50 day moving average of $445.00 and a two-hundred day moving average of $411.50.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share 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 firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same quarter in the prior year, the company posted $8.26 earnings per share. Deere & Company’s quarterly revenue was down 32.8% on a year-over-year basis. On average, research analysts forecast that Deere & Company will post 19.38 earnings per share for the current year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.39%. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio is currently 25.31%.

About Deere & Company

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.