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

Wincap Financial LLC trimmed its position in Deere & Company (NYSE:DE) by 17.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,040 shares of the industrial products company’s stock after selling 222 shares during the quarter. Wincap Financial LLC’s holdings in Deere & Company were worth $529,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC raised its stake in Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after acquiring an additional 1,278 shares during the period. KBC Group NV increased its holdings in shares of Deere & Company by 1.0% in the first quarter. KBC Group NV now owns 97,254 shares of the industrial products company’s stock valued at $45,646,000 after purchasing an additional 985 shares during the last quarter. Avidian Wealth Enterprises LLC raised its position in shares of Deere & Company by 16.1% in the first quarter. Avidian Wealth Enterprises LLC now owns 1,299 shares of the industrial products company’s stock valued at $610,000 after purchasing an additional 180 shares during the period. Citizens National Bank Trust Department acquired a new stake in shares of Deere & Company during the 1st quarter worth about $45,000. Finally, Amalgamated Bank boosted its holdings in shares of Deere & Company by 0.9% during the 1st quarter. Amalgamated Bank now owns 49,046 shares of the industrial products company’s stock worth $23,020,000 after buying an additional 456 shares during the period. Institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

Deere & Company stock opened at $477.76 on Tuesday. The stock’s fifty day moving average price is $469.62 and its two-hundred day moving average price is $489.44. Deere & Company has a one year low of $387.03 and a one year high of $533.78. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The firm has a market cap of $129.15 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 3.04 and a beta of 1.02.

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

Deere & Company Announces Dividend

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

Wall Street Analysts Forecast Growth

DE has been the topic of several research analyst reports. Truist Financial increased their price target on shares of Deere & Company from $602.00 to $609.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their target price on Deere & Company from $495.00 to $480.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Daiwa Capital Markets dropped their price target on Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a report on Thursday, September 25th. Wolfe Research reduced their price target on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Finally, Zacks Research cut Deere & Company from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.