Xponance Inc. Has $13.69 Million Holdings in Deere & Company (NYSE:DE)

Xponance Inc. lessened its stake in shares of Deere & Company (NYSE:DE) by 40.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,651 shares of the industrial products company’s stock after selling 24,500 shares during the quarter. Xponance Inc.’s holdings in Deere & Company were worth $13,694,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gilbert & Cook Inc. increased its position in Deere & Company by 5.4% during the 4th quarter. Gilbert & Cook Inc. now owns 1,978 shares of the industrial products company’s stock valued at $791,000 after purchasing an additional 102 shares during the period. 9258 Wealth Management LLC raised its holdings in shares of Deere & Company by 9.8% during the fourth quarter. 9258 Wealth Management LLC now owns 1,975 shares of the industrial products company’s stock valued at $790,000 after purchasing an additional 176 shares during the period. Gryphon Financial Partners LLC increased its holdings in Deere & Company by 62.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 1,430 shares of the industrial products company’s stock worth $551,000 after purchasing an additional 552 shares in the last quarter. Congress Wealth Management LLC DE raised its stake in shares of Deere & Company by 2.6% in the fourth quarter. Congress Wealth Management LLC DE now owns 5,309 shares of the industrial products company’s stock worth $2,123,000 after purchasing an additional 136 shares during the last quarter. Finally, Hilltop Holdings Inc. lifted its holdings in shares of Deere & Company by 20.5% in the fourth quarter. Hilltop Holdings Inc. now owns 2,702 shares of the industrial products company’s stock valued at $1,080,000 after purchasing an additional 460 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Up 0.7 %

DE opened at $408.83 on Tuesday. The stock has a market cap of $112.66 billion, a PE ratio of 12.31, a P/E/G ratio of 1.29 and a beta of 0.92. 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 business’s fifty day simple moving average is $376.98 and its 200 day simple moving average is $383.12. Deere & Company has a 52 week low of $340.20 and a 52 week high of $417.46.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, beating the consensus estimate of $5.63 by $0.66. The firm had revenue of $11.39 billion during the quarter, compared to the consensus estimate of $10.94 billion. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The company’s quarterly revenue was down 20.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.20 earnings per share. As a group, research analysts expect that Deere & Company will post 25.07 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be paid a dividend of $1.47 per share. The ex-dividend date is Monday, September 30th. This represents a $5.88 annualized dividend and a dividend yield of 1.44%. Deere & Company’s dividend payout ratio (DPR) is presently 17.70%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DE shares. JPMorgan Chase & Co. decreased their price target on Deere & Company from $375.00 to $360.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Evercore ISI upped their target price on shares of Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a research note on Monday, August 19th. HSBC lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. 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. Finally, Raymond James began coverage on Deere & Company in a research report on Friday, June 28th. They issued an “outperform” rating and a $420.00 price target for the company. Thirteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Deere & Company has an average rating of “Hold” and an average target price of $410.50.

About Deere & Company

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.