Windward Capital Management Co. CA Sells 216 Shares of Deere & Company (NYSE:DE)

Windward Capital Management Co. CA lessened its holdings in Deere & Company (NYSE:DE) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,262 shares of the industrial products company’s stock after selling 216 shares during the quarter. Windward Capital Management Co. CA’s holdings in Deere & Company were worth $6,890,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Modus Advisors LLC purchased a new stake in shares of Deere & Company in the 4th quarter worth about $32,000. Livelsberger Financial Advisory bought a new position in Deere & Company in the third quarter worth about $32,000. Synergy Asset Management LLC purchased a new stake in Deere & Company in the fourth quarter worth about $35,000. Continuum Advisory LLC boosted its position in Deere & Company by 155.8% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in shares of Deere & Company during the 3rd quarter worth approximately $47,000. 68.58% of the stock is owned by institutional investors.

Deere & Company Trading Up 1.2 %

NYSE DE opened at $472.72 on Wednesday. Deere & Company has a 1 year low of $340.20 and a 1 year high of $485.84. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The company has a market capitalization of $128.75 billion, a PE ratio of 18.47, a P/E/G ratio of 2.94 and a beta of 0.98. The company has a fifty day moving average of $444.77 and a 200 day moving average of $410.83.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. During the same period in the previous year, the firm earned $8.26 EPS. The business’s quarterly revenue was down 32.8% on a year-over-year basis. Research analysts forecast that Deere & Company will post 19.38 earnings per share for the current year.

Deere & Company Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio is 25.31%.

Wall Street Analysts Forecast Growth

DE has been the subject of several recent research reports. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective for the company. in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted their price target on shares of Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. UBS Group upped their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Barclays lifted their target price on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, Oppenheimer upped their price target on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $444.50.

About Deere & Company

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.