Xponance Inc. Sells 420 Shares of Deere & Company (NYSE:DE)

Xponance Inc. lowered its holdings in shares of Deere & Company (NYSE:DE) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 59,644 shares of the industrial products company’s stock after selling 420 shares during the period. Xponance Inc.’s holdings in Deere & Company were worth $23,850,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Essex Savings Bank grew its holdings 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 worth $2,146,000 after acquiring an additional 26 shares during the last quarter. Valley National Advisers Inc. grew its holdings 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 worth $751,000 after acquiring an additional 27 shares during the last quarter. Bleakley Financial Group LLC grew its holdings 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 worth $2,063,000 after acquiring an additional 27 shares during the last quarter. Simplicity Solutions LLC grew its holdings 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 worth $2,063,000 after acquiring an additional 27 shares during the last quarter. Finally, Liberty One Investment Management LLC grew its holdings in Deere & Company by 0.5% in the 4th quarter. Liberty One Investment Management LLC now owns 6,016 shares of the industrial products company’s stock worth $2,579,000 after acquiring an additional 27 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

DE stock traded up $3.72 during midday trading on Thursday, reaching $400.60. 1,546,063 shares of the company’s stock traded hands, compared to its average volume of 1,492,141. Deere & Company has a 52-week low of $345.55 and a 52-week high of $450.00. The stock has a market cap of $111.51 billion, a P/E ratio of 11.68, a PEG ratio of 1.48 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. The stock’s 50-day moving average is $385.17 and its 200 day moving average is $382.66.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The business had revenue of $10.49 billion during the quarter, compared to analysts’ expectations of $10.30 billion. During the same period in the prior year, the company earned $6.55 earnings per share. The firm’s revenue was down 8.0% on a year-over-year basis. As a group, analysts anticipate that Deere & Company will post 27.39 EPS for the current year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.47%. Deere & Company’s dividend payout ratio (DPR) is presently 17.12%.

Wall Street Analyst Weigh In

Several research firms have recently commented on DE. Stifel Nicolaus dropped their target price on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a research report on Friday, February 16th. JPMorgan Chase & Co. raised their target price on shares of Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Wells Fargo & Company dropped their target price on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a research report on Friday, February 16th. Melius cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Truist Financial began coverage on shares of Deere & Company in a research report on Thursday, March 14th. They set a “buy” rating and a $494.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Deere & Company presently has a consensus rating of “Hold” and an average price target of $433.28.

Deere & Company 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.