Wincap Financial LLC Has $529,000 Stock Holdings in Deere & Company $DE

Wincap Financial LLC decreased its holdings in Deere & Company (NYSE:DE) by 17.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,040 shares of the industrial products company’s stock after selling 222 shares during the period. Wincap Financial LLC’s holdings in Deere & Company were worth $529,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mid American Wealth Advisory Group Inc. bought a new position in Deere & Company in the second quarter valued at about $25,000. Activest Wealth Management boosted its stake in shares of Deere & Company by 2,750.0% in the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. Hughes Financial Services LLC bought a new stake in shares of Deere & Company during the 1st quarter valued at approximately $29,000. Cornerstone Planning Group LLC grew its holdings in shares of Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 36 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in Deere & Company during the 2nd quarter worth approximately $38,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Stock Up 1.1%

Shares of DE opened at $477.76 on Tuesday. The stock’s 50-day moving average price is $469.62 and its two-hundred day moving average price is $489.44. Deere & Company has a 12 month low of $387.03 and a 12 month high of $533.78. The company has a market capitalization of $129.15 billion, a PE ratio of 24.97, a PEG ratio of 3.04 and a beta of 1.02. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.13. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The company had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter in the prior year, the firm posted $6.29 earnings per share. The business’s quarterly revenue was down 9.0% on a year-over-year basis. On average, analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $1.62 per share. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 annualized dividend and a yield of 1.4%. Deere & Company’s dividend payout ratio (DPR) is presently 33.87%.

Wall Street Analysts Forecast Growth

DE has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. Zacks Research lowered Deere & Company from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. Evercore ISI set a $491.00 target price on Deere & Company in a report on Tuesday, August 19th. Citigroup cut their price target on Deere & Company from $525.00 to $515.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 7th. Finally, 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 report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Deere & Company has an average rating of “Moderate Buy” and an average price target of $518.72.

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.