Winnow Wealth LLC Buys New Shares in Deere & Company $DE

Winnow Wealth LLC purchased a new stake in Deere & Company (NYSE:DE) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 336 shares of the industrial products company’s stock, valued at approximately $171,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DE. Vanguard Group Inc. grew its holdings in Deere & Company by 1.4% during the second quarter. Vanguard Group Inc. now owns 22,372,671 shares of the industrial products company’s stock worth $11,376,279,000 after purchasing an additional 309,081 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Deere & Company by 4.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company’s stock worth $3,227,258,000 after acquiring an additional 286,253 shares during the last quarter. Geode Capital Management LLC boosted its position in Deere & Company by 2.1% during the second quarter. Geode Capital Management LLC now owns 5,541,778 shares of the industrial products company’s stock worth $2,810,807,000 after purchasing an additional 111,627 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Deere & Company by 2.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,815,817 shares of the industrial products company’s stock valued at $852,254,000 after purchasing an additional 35,075 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Deere & Company by 1.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,549,048 shares of the industrial products company’s stock valued at $727,046,000 after purchasing an additional 25,725 shares during the period. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DE shares. Jefferies Financial Group lowered their target price on Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a research note on Wednesday, October 8th. Zacks Research cut shares of Deere & Company from a “hold” rating to a “strong sell” rating in a report on Monday, October 20th. UBS Group reiterated a “buy” rating on shares of Deere & Company in a research report on Tuesday, October 28th. Wolfe Research reduced their price target on Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Finally, DA Davidson dropped their price objective on Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $519.85.

Deere & Company Trading Up 1.2%

Shares of DE stock opened at $480.64 on Thursday. The stock’s fifty day moving average price is $465.98 and its two-hundred day moving average price is $490.88. The company has a market cap of $129.93 billion, a PE ratio of 25.15, a P/E/G ratio of 3.05 and a beta of 1.04. Deere & Company has a fifty-two week low of $403.01 and a fifty-two week high of $533.78. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th were given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Tuesday, September 30th. Deere & Company’s payout ratio is currently 33.87%.

Deere & Company Company Profile

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.