Deere & Company (NYSE:DE) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lowered its position in shares of Deere & Company (NYSE:DE) by 0.8% during the fourth quarter, Holdings Channel reports. The firm owned 32,264 shares of the industrial products company’s stock after selling 260 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Deere & Company were worth $13,670,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Robertson Stephens Wealth Management LLC grew its position in Deere & Company by 2.2% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company’s stock worth $426,000 after purchasing an additional 22 shares in the last quarter. DLK Investment Management LLC grew its position in Deere & Company by 0.3% during the 4th quarter. DLK Investment Management LLC now owns 8,212 shares of the industrial products company’s stock worth $3,479,000 after purchasing an additional 24 shares in the last quarter. Quent Capital LLC grew its position in Deere & Company by 2.8% during the 4th quarter. Quent Capital LLC now owns 889 shares of the industrial products company’s stock worth $377,000 after purchasing an additional 24 shares in the last quarter. Valeo Financial Advisors LLC grew its position in Deere & Company by 0.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company’s stock worth $3,398,000 after purchasing an additional 24 shares in the last quarter. Finally, Patrick M Sweeney & Associates Inc. grew its position in Deere & Company by 1.2% during the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 2,115 shares of the industrial products company’s stock worth $896,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DE shares. Oppenheimer lifted their target price on shares of Deere & Company from $513.00 to $555.00 and gave the company an “outperform” rating in a research note on Friday. Truist Financial boosted their price target on shares of Deere & Company from $546.00 to $619.00 and gave the company a “buy” rating in a report on Friday. DA Davidson restated a “buy” rating and set a $542.00 price target on shares of Deere & Company in a report on Friday. The Goldman Sachs Group restated a “buy” rating on shares of Deere & Company in a report on Thursday. Finally, Evercore ISI boosted their price target on shares of Deere & Company from $455.00 to $493.00 and gave the company an “in-line” rating in a report on Monday. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $513.00.

Deere & Company Stock Down 0.4%

Deere & Company stock opened at $529.58 on Tuesday. The firm has a market cap of $143.74 billion, a price-to-earnings ratio of 23.47, a P/E/G ratio of 2.14 and a beta of 1.08. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $533.78. The firm has a fifty day moving average price of $469.45 and a two-hundred day moving average price of $455.92.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, topping analysts’ consensus estimates of $5.72 by $0.92. The firm had revenue of $11.17 billion during the quarter, compared to analyst estimates of $10.80 billion. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The business’s revenue was down 17.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.53 EPS. As a group, analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Monday, March 31st were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Monday, March 31st. Deere & Company’s dividend payout ratio is 28.72%.

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.