Redwood Investment Management LLC Has $6.39 Million Holdings in Deere & Company (NYSE:DE)

Redwood Investment Management LLC lowered its position in shares of Deere & Company (NYSE:DE - Free Report) by 12.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,276 shares of the industrial products company's stock after selling 2,108 shares during the quarter. Deere & Company accounts for about 0.6% of Redwood Investment Management LLC's investment portfolio, making the stock its 24th biggest holding. Redwood Investment Management LLC's holdings in Deere & Company were worth $6,385,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Fairscale Capital LLC acquired a new position in Deere & Company during the second quarter valued at approximately $26,000. Livelsberger Financial Advisory bought a new position in Deere & Company in the third quarter valued at approximately $32,000. Centennial Bank AR lifted its stake in Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock valued at $39,000 after buying an additional 84 shares in the last quarter. Darwin Wealth Management LLC bought a new position in Deere & Company in the third quarter valued at approximately $47,000. Finally, Briaud Financial Planning Inc lifted its stake in Deere & Company by 73.5% in the second quarter. Briaud Financial Planning Inc now owns 118 shares of the industrial products company's stock valued at $44,000 after buying an additional 50 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 research analysts have weighed in on DE shares. Evercore ISI lifted their price target on shares of Deere & Company from $371.00 to $378.00 and gave the company an "in-line" rating in a research note on Monday, August 19th. UBS Group lifted their price target on shares of Deere & Company from $404.00 to $462.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. BMO Capital Markets started coverage on shares of Deere & Company in a research note on Friday, August 9th. They issued a "market perform" rating and a $400.00 price target on the stock. HSBC lowered shares of Deere & Company from a "buy" rating to a "hold" rating in a research note on Monday, August 19th. Finally, Oppenheimer boosted their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a research report on Friday, November 22nd. Twelve 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 MarketBeat.com, Deere & Company currently has an average rating of "Hold" and an average price target of $436.41.

Deere & Company Price Performance

Shares of DE stock traded down $8.09 during trading on Thursday, hitting $448.17. The company had a trading volume of 1,159,181 shares, compared to its average volume of 1,446,253. The stock's 50-day moving average price is $417.01 and its 200 day moving average price is $389.92. Deere & Company has a one year low of $340.20 and a one year high of $469.39. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The firm has a market capitalization of $122.62 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 1.96 and a beta of 0.96.

Deere & Company (NYSE:DE - Get Free Report) last released its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.66. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. Deere & Company's quarterly revenue was down 32.8% on a year-over-year basis. During the same period in the prior year, the firm posted $8.26 EPS. Equities analysts expect that Deere & Company will post 19.52 EPS for the current fiscal year.

Deere & Company Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date 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 22.97%.

Deere & Company Profile

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.