Tilt Investment Management Holdings PBC Lowers Holdings in Deere & Company (NYSE:DE)

Tilt Investment Management Holdings PBC lowered its stake in shares of Deere & Company (NYSE:DE) by 25.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,063 shares of the industrial products company’s stock after selling 372 shares during the period. Tilt Investment Management Holdings PBC’s holdings in Deere & Company were worth $427,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DE. Briaud Financial Planning Inc purchased a new stake in Deere & Company during the third quarter worth $25,000. Retirement Group LLC increased its holdings in Deere & Company by 264.7% in the second quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock valued at $25,000 after buying an additional 45 shares in the last quarter. ZRC Wealth Management LLC acquired a new position in shares of Deere & Company in the fourth quarter worth about $28,000. Rakuten Securities Inc. purchased a new stake in shares of Deere & Company during the 4th quarter worth about $28,000. Finally, Worth Asset Management LLC acquired a new stake in shares of Deere & Company during the 1st quarter valued at about $28,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of NYSE:DE traded up $1.54 during midday trading on Thursday, hitting $398.42. The company had a trading volume of 642,914 shares, compared to its average volume of 1,488,754. Deere & Company has a twelve month low of $345.55 and a twelve month high of $450.00. The stock has a market cap of $110.90 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81. The business’s 50-day simple moving average is $385.17 and its 200-day simple moving average is $382.66.

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

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is presently 17.12%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DE. Stifel Nicolaus reduced their price target on Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a report on Friday, February 16th. Evercore ISI upped their target price on Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 20th. Wells Fargo & Company dropped their price target on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a research note on Friday, February 16th. Melius Research reissued a “hold” rating on shares of Deere & Company in a report on Monday, January 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average 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.