1900 Wealth Management LLC Has $455,000 Stock Holdings in Deere & Company (NYSE:DE)

1900 Wealth Management LLC lowered its position in shares of Deere & Company (NYSE:DE) by 30.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,139 shares of the industrial products company’s stock after selling 500 shares during the quarter. 1900 Wealth Management LLC’s holdings in Deere & Company were worth $455,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DE. Essex Savings Bank raised its stake in Deere & Company by 0.5% in the 4th quarter. Essex Savings Bank now owns 5,367 shares of the industrial products company’s stock valued at $2,146,000 after acquiring an additional 26 shares during the period. Valley National Advisers Inc. raised its stake in Deere & Company by 1.5% in the 4th quarter. Valley National Advisers Inc. now owns 1,879 shares of the industrial products company’s stock valued at $751,000 after acquiring an additional 27 shares during the period. Bleakley Financial Group LLC raised its stake in Deere & Company by 0.5% in the 4th quarter. Bleakley Financial Group LLC now owns 5,158 shares of the industrial products company’s stock valued at $2,063,000 after acquiring an additional 27 shares during the period. Simplicity Solutions LLC raised its stake in Deere & Company by 0.5% in the 4th quarter. Simplicity Solutions LLC now owns 5,158 shares of the industrial products company’s stock valued at $2,063,000 after acquiring an additional 27 shares during the period. Finally, SageView Advisory Group LLC raised its stake in Deere & Company by 2.4% in the 3rd quarter. SageView Advisory Group LLC now owns 1,201 shares of the industrial products company’s stock valued at $453,000 after acquiring an additional 28 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Up 0.4 %

Shares of NYSE:DE traded up $1.63 during mid-day trading on Tuesday, hitting $401.24. 289,773 shares of the company traded hands, compared to its average volume of 1,474,139. The stock has a market cap of $111.69 billion, a P/E ratio of 11.75, a P/E/G ratio of 1.50 and a beta of 1.04. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 1.81. 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 price of $386.06 and a two-hundred day moving average price of $383.26.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The company had revenue of $10.49 billion for the quarter, compared to analysts’ expectations of $10.30 billion. During the same quarter in the previous year, the firm earned $6.55 earnings per share. Deere & Company’s quarterly revenue was down 8.0% on a year-over-year basis. On average, equities research analysts forecast that Deere & Company will post 27.4 earnings per share for the current year.

Deere & Company Announces Dividend

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

Analyst Ratings Changes

Several research firms have weighed in on DE. Melius Research reiterated a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. Stifel Nicolaus cut their price target on Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Melius lowered Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Wells Fargo & Company cut their price target on Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a research note on Friday, February 16th. Finally, Truist Financial began coverage on Deere & Company in a research report on Thursday, March 14th. They set a “buy” rating and a $494.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $433.28.

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.