Deere & Company $DE Shares Sold by TLW Wealth Management LLC

TLW Wealth Management LLC lowered its position in shares of Deere & Company (NYSE:DE) by 3.4% in the 3rd quarter, Holdings Channel reports. The fund owned 30,311 shares of the industrial products company’s stock after selling 1,075 shares during the period. Deere & Company comprises 7.9% of TLW Wealth Management LLC’s investment portfolio, making the stock its 5th biggest holding. TLW Wealth Management LLC’s holdings in Deere & Company were worth $13,860,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Deere & Company in the second quarter valued at approximately $25,000. Howard Hughes Medical Institute acquired a new stake in Deere & Company in the 2nd quarter valued at approximately $27,000. Marshall & Sullivan Inc. WA bought a new stake in Deere & Company during the 2nd quarter valued at $38,000. Center for Financial Planning Inc. boosted its position in Deere & Company by 406.7% during the 2nd quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 61 shares during the period. Finally, Toth Financial Advisory Corp grew its stake in shares of Deere & Company by 182.1% in the second quarter. Toth Financial Advisory Corp now owns 79 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 51 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DE. DA Davidson restated a “buy” rating and set a $580.00 price objective on shares of Deere & Company in a research note on Monday, December 1st. Jefferies Financial Group boosted their price target on shares of Deere & Company from $440.00 to $475.00 and gave the stock a “hold” rating in a research report on Tuesday, December 9th. Robert W. Baird decreased their price objective on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Oppenheimer boosted their target price on Deere & Company from $512.00 to $531.00 and gave the stock an “outperform” rating in a report on Friday, November 28th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $460.00 target price on shares of Deere & Company in a research report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Deere & Company has an average rating of “Moderate Buy” and an average price target of $524.20.

Deere & Company Trading Up 0.6%

Deere & Company stock opened at $515.34 on Friday. The firm has a market cap of $139.37 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. Deere & Company has a 1 year low of $404.42 and a 1 year high of $533.78. The firm’s 50 day moving average price is $477.49 and its two-hundred day moving average price is $481.90. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.01 and a current ratio of 2.22.

Deere & Company (NYSE:DE) last issued its earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). The company had revenue of $12.39 billion during the quarter, compared to analyst estimates of $9.77 billion. Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.The business’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.55 earnings per share. On average, research analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, December 31st. Deere & Company’s payout ratio is presently 35.01%.

Insider Transactions at Deere & Company

In related news, insider Cory J. Reed sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total value of $6,120,000.00. Following the completion of the transaction, the insider owned 20,792 shares of the company’s stock, valued at approximately $10,603,920. This trade represents a 36.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John C. May II sold 41,472 shares of Deere & Company stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the transaction, the chief executive officer owned 117,970 shares in the company, valued at approximately $59,160,775.30. The trade was a 26.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 64,578 shares of company stock valued at $32,471,682 over the last ninety days. Insiders own 0.29% of the company’s stock.

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.