Oakview Capital Management L.P. Decreases Stock Position in Deere & Company (NYSE:DE)

Oakview Capital Management L.P. reduced its stake in Deere & Company (NYSE:DE) by 13.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,234 shares of the industrial products company’s stock after selling 1,491 shares during the period. Deere & Company makes up 17.9% of Oakview Capital Management L.P.’s portfolio, making the stock its 2nd largest holding. Oakview Capital Management L.P.’s holdings in Deere & Company were worth $3,854,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Mattern Wealth Management LLC increased its holdings in Deere & Company by 1.3% in the 3rd quarter. Mattern Wealth Management LLC now owns 1,884 shares of the industrial products company’s stock valued at $786,000 after acquiring an additional 25 shares during the last quarter. Carret Asset Management LLC grew its stake in shares of Deere & Company by 0.3% in the 3rd quarter. Carret Asset Management LLC now owns 8,148 shares of the industrial products company’s stock worth $3,401,000 after buying an additional 25 shares in the last quarter. Round Rock Advisors LLC grew its stake in shares of Deere & Company by 2.0% in the 3rd quarter. Round Rock Advisors LLC now owns 1,252 shares of the industrial products company’s stock worth $522,000 after buying an additional 25 shares in the last quarter. Centaurus Financial Inc. grew its stake in shares of Deere & Company by 2.3% in the 2nd quarter. Centaurus Financial Inc. now owns 1,160 shares of the industrial products company’s stock worth $433,000 after buying an additional 26 shares in the last quarter. Finally, Cornell Pochily Investment Advisors Inc. grew its stake in shares of Deere & Company by 0.7% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 3,495 shares of the industrial products company’s stock worth $1,459,000 after buying an additional 26 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on DE. BMO Capital Markets began 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 objective for the company. Morgan Stanley dropped their price target on shares of Deere & Company from $450.00 to $425.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. JPMorgan Chase & Co. lifted their price target on shares of Deere & Company from $360.00 to $420.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. Truist Financial lifted their price target on shares of Deere & Company from $443.00 to $496.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $420.69.

Deere & Company Trading Down 1.1 %

NYSE:DE opened at $400.13 on Wednesday. Deere & Company has a 52 week low of $340.20 and a 52 week high of $420.47. The firm has a 50 day moving average of $404.63 and a 200 day moving average of $385.69. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $109.47 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 1.52 and a beta of 0.93.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a yield of 1.47%. Deere & Company’s payout ratio is 20.06%.

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.