Deere & Company (NYSE:DE) Shares Sold by Rothschild & Co Wealth Management UK Ltd

Rothschild & Co Wealth Management UK Ltd trimmed its position in Deere & Company (NYSE:DE) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,142,666 shares of the industrial products company’s stock after selling 3,554 shares during the period. Deere & Company accounts for approximately 7.5% of Rothschild & Co Wealth Management UK Ltd’s investment portfolio, making the stock its 8th biggest holding. Rothschild & Co Wealth Management UK Ltd owned about 0.41% of Deere & Company worth $456,918,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc acquired a new stake in shares of Deere & Company during the third quarter worth about $25,000. Retirement Group LLC lifted its stake in Deere & Company by 264.7% during the 2nd quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 45 shares during the period. ZRC Wealth Management LLC purchased a new stake in shares of Deere & Company in the 4th quarter valued at $28,000. Worth Asset Management LLC purchased a new stake in shares of Deere & Company in the 1st quarter valued at $28,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Deere & Company in the third quarter worth $37,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Melius Research reiterated a “hold” rating on shares of Deere & Company in a research note on Monday, January 8th. Morgan Stanley initiated coverage on Deere & Company in a report on Monday, January 8th. They issued an “overweight” rating and a $430.00 price target for the company. Truist Financial started coverage on Deere & Company in a research report on Thursday, March 14th. They issued a “buy” rating and a $494.00 price objective on the stock. Stifel Nicolaus cut their target price on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a report on Friday, February 16th. Finally, Citigroup lowered their price target on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $433.28.

Deere & Company Stock Performance

NYSE DE traded down $0.79 during trading hours on Wednesday, hitting $393.01. 1,865,373 shares of the stock were exchanged, compared to its average volume of 1,279,511. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81. The company has a market cap of $109.40 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04. Deere & Company has a 12-month low of $345.55 and a 12-month high of $450.00. The stock has a 50-day moving average of $384.95 and a 200 day moving average of $382.56.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The business had revenue of $10.49 billion during the quarter, compared to the consensus estimate of $10.30 billion. During the same period in the prior year, the business posted $6.55 EPS. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, equities research analysts forecast that Deere & Company will post 27.41 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be given a dividend of $1.47 per share. The ex-dividend date is Wednesday, March 27th. This represents a $5.88 annualized dividend and a dividend yield of 1.50%. Deere & Company’s payout ratio is currently 17.12%.

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.