Tradewinds LLC. Has $6.18 Million Holdings in Deere & Company (NYSE:DE)

Tradewinds LLC. increased its position in Deere & Company (NYSE:DE) by 5.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 14,814 shares of the industrial products company’s stock after purchasing an additional 813 shares during the period. Deere & Company comprises about 1.9% of Tradewinds LLC.’s investment portfolio, making the stock its 13th biggest holding. Tradewinds LLC.’s holdings in Deere & Company were worth $6,182,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DE. Fairscale Capital LLC acquired a new position in shares of Deere & Company in the 2nd quarter valued at about $26,000. Pineridge Advisors LLC grew its position in Deere & Company by 725.0% during the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 58 shares in the last quarter. Livelsberger Financial Advisory acquired a new position in Deere & Company in the 3rd quarter valued at approximately $32,000. Olistico Wealth LLC acquired a new position in Deere & Company in the 2nd quarter valued at approximately $37,000. Finally, Centennial Bank AR lifted its position in Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after buying an additional 84 shares in the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Price Performance

NYSE DE opened at $405.11 on Thursday. The stock has a 50-day simple moving average of $404.97 and a 200 day simple moving average of $385.83. Deere & Company has a twelve month low of $340.20 and a twelve month high of $420.47. The stock has a market capitalization of $110.84 billion, a PE ratio of 13.82, a P/E/G ratio of 1.54 and a beta of 0.93. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Monday, September 30th. Deere & Company’s dividend payout ratio (DPR) is currently 20.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. HSBC downgraded shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. BMO Capital Markets began coverage on Deere & Company in a research report on Friday, August 9th. They issued a “market perform” rating and a $400.00 target price on the stock. Bank of America lifted their price target on Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Citigroup increased their price objective on Deere & Company from $395.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, Truist Financial lifted their target price on shares of Deere & Company from $443.00 to $496.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $420.69.

About Deere & Company

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.