Tradewinds LLC. Grows Stake in Deere & Company (NYSE:DE)

Tradewinds LLC. increased its stake in shares of Deere & Company (NYSE:DE - Free Report) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,820 shares of the industrial products company's stock after buying an additional 1,006 shares during the quarter. Deere & Company comprises approximately 1.9% of Tradewinds LLC.'s investment portfolio, making the stock its 14th biggest holding. Tradewinds LLC.'s holdings in Deere & Company were worth $6,703,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pineridge Advisors LLC lifted its holdings in shares of Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock valued at $29,000 after buying an additional 26 shares during the period. Modus Advisors LLC purchased a new stake in Deere & Company in the 4th quarter worth approximately $32,000. YANKCOM Partnership acquired a new stake in shares of Deere & Company during the 4th quarter worth approximately $34,000. Synergy Asset Management LLC purchased a new position in shares of Deere & Company during the 4th quarter valued at approximately $35,000. Finally, Continuum Advisory LLC boosted its holdings in Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock worth $43,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Analysts Set New Price Targets

DE has been the topic of several recent analyst reports. StockNews.com raised shares of Deere & Company from a "sell" rating to a "hold" rating in a research note on Saturday, March 29th. Argus set a $510.00 price target on shares of Deere & Company in a research note on Friday, March 7th. Oppenheimer upped their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Truist Financial reaffirmed a "buy" rating and set a $546.00 price objective (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Finally, Baird R W cut shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Fourteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $460.00.

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Insider Buying and Selling

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the completion of the transaction, the insider now owns 74,878 shares in the company, valued at $37,484,675.58. The trade was a 24.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is currently owned by insiders.

Deere & Company Trading Down 3.8 %

NYSE:DE traded down $17.20 during trading hours on Friday, reaching $430.25. 3,232,496 shares of the stock were exchanged, compared to its average volume of 1,415,326. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The business has a 50-day moving average of $477.52 and a two-hundred day moving average of $441.54. The company has a market capitalization of $116.78 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 2.14 and a beta of 1.01.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, beating analysts' consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. On average, equities analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be issued a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.51%. Deere & Company's dividend payout ratio (DPR) is presently 28.72%.

Deere & 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.