Deere & Company (NYSE:DE) Shares Sold by Xponance Inc.

Xponance Inc. cut its stake in Deere & Company (NYSE:DE) by 0.7% in the fourth quarter, Holdings Channel reports. The firm owned 59,644 shares of the industrial products company’s stock after selling 420 shares during the period. Xponance Inc.’s holdings in Deere & Company were worth $23,850,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. RB Capital Management LLC lifted its stake in Deere & Company by 5.2% during the 1st quarter. RB Capital Management LLC now owns 1,637 shares of the industrial products company’s stock valued at $680,000 after acquiring an additional 81 shares during the period. Bornite Capital Management LP purchased a new position in shares of Deere & Company during the 1st quarter valued at approximately $14,541,000. Retirement Income Solutions Inc purchased a new position in shares of Deere & Company during the 1st quarter valued at approximately $229,000. Sequoia Financial Advisors LLC increased its holdings in shares of Deere & Company by 27.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,442 shares of the industrial products company’s stock valued at $1,014,000 after purchasing an additional 521 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of Deere & Company by 32.4% during the 1st quarter. Baird Financial Group Inc. now owns 114,322 shares of the industrial products company’s stock valued at $47,496,000 after purchasing an additional 27,985 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Price Performance

DE traded up $3.72 on Thursday, hitting $400.60. 1,546,063 shares of the company’s stock were exchanged, compared to its average volume of 1,492,141. The firm has a 50-day moving average price of $385.17 and a 200-day moving average price of $382.66. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 1.81. The stock has a market cap of $111.51 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 1.48 and a beta of 1.04. Deere & Company has a fifty-two week low of $345.55 and a fifty-two week high of $450.00.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, beating the consensus estimate of $5.19 by $1.04. The firm had revenue of $10.49 billion for the quarter, compared to analysts’ expectations of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The company’s revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.55 EPS. As a group, equities analysts anticipate that Deere & Company will post 27.39 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be given a dividend of $1.47 per share. The ex-dividend date is Wednesday, March 27th. This represents a $5.88 annualized dividend and a dividend yield of 1.47%. Deere & Company’s payout ratio is 17.12%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DE. Melius Research reaffirmed a “hold” rating on shares of Deere & Company in a report on Monday, January 8th. Stifel Nicolaus cut their price target on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a report on Friday, February 16th. Wells Fargo & Company cut their price target on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a report on Friday, February 16th. Melius lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a report on Friday, February 16th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Deere & Company presently has an average rating of “Hold” and an average target price of $433.28.

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.