Deere & Company (NYSE:DE) Shares Sold by Kanawha Capital Management LLC

Kanawha Capital Management LLC trimmed its holdings in Deere & Company (NYSE:DE) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,691 shares of the industrial products company’s stock after selling 59 shares during the quarter. Kanawha Capital Management LLC’s holdings in Deere & Company were worth $6,648,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pineridge Advisors LLC boosted its holdings in Deere & Company by 60.5% in the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 26 shares in the last quarter. Livelsberger Financial Advisory acquired a new stake in shares of Deere & Company in the third quarter valued at approximately $32,000. Modus Advisors LLC acquired a new stake in shares of Deere & Company in the fourth quarter valued at approximately $32,000. YANKCOM Partnership acquired a new stake in shares of Deere & Company in the fourth quarter valued at approximately $34,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth approximately $35,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Performance

Deere & Company stock opened at $466.30 on Friday. The stock’s 50-day moving average is $445.86 and its 200-day moving average is $415.14. The company has a market cap of $127.00 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 2.87 and a beta of 0.98. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. Deere & Company has a 12 month low of $340.20 and a 12 month high of $485.84.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. Equities analysts anticipate that Deere & Company will post 19.38 earnings per share for the current year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Tuesday, December 31st were issued a dividend of $1.62 per share. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is presently 25.31%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays increased their price objective on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. UBS Group increased their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Truist Financial increased their price objective on Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Oppenheimer increased their price objective on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a report on Friday, December 6th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $446.17.

Deere & Company 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.