TLW Wealth Management LLC Has $13.59 Million Position in Deere & Company $DE

TLW Wealth Management LLC decreased its holdings in Deere & Company (NYSE:DE) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,190 shares of the industrial products company’s stock after selling 1,121 shares during the quarter. Deere & Company accounts for about 7.8% of TLW Wealth Management LLC’s holdings, making the stock its 5th biggest holding. TLW Wealth Management LLC’s holdings in Deere & Company were worth $13,590,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Stephens Inc. AR raised its stake in Deere & Company by 1.4% in the fourth quarter. Stephens Inc. AR now owns 7,471 shares of the industrial products company’s stock worth $3,478,000 after buying an additional 105 shares in the last quarter. AlphaCore Capital LLC grew its holdings in Deere & Company by 6.7% in the fourth quarter. AlphaCore Capital LLC now owns 3,115 shares of the industrial products company’s stock worth $1,450,000 after purchasing an additional 195 shares during the last quarter. DNB Asset Management AS grew its holdings in Deere & Company by 18.6% in the fourth quarter. DNB Asset Management AS now owns 119,298 shares of the industrial products company’s stock worth $55,542,000 after purchasing an additional 18,690 shares during the last quarter. Applied Finance Capital Management LLC purchased a new position in Deere & Company in the fourth quarter worth $1,253,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Deere & Company by 1,725.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,003,715 shares of the industrial products company’s stock worth $932,870,000 after purchasing an additional 1,893,972 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. UBS Group lifted their price target on shares of Deere & Company from $535.00 to $775.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Oppenheimer reaffirmed an “outperform” rating and issued a $715.00 price target on shares of Deere & Company in a report on Friday, February 20th. Truist Financial lifted their price target on shares of Deere & Company from $612.00 to $793.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Morgan Stanley lifted their price target on shares of Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Finally, Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Fifteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $655.45.

Deere & Company Price Performance

Shares of DE opened at $562.12 on Friday. The firm has a market capitalization of $151.83 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.21 and a quick ratio of 1.96. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19. The company’s fifty day moving average price is $580.96 and its 200-day moving average price is $537.02.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.52. The firm had revenue of $9.61 billion for the quarter, compared to analyst estimates of $7.50 billion. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.19 earnings per share. On average, equities research analysts predict that Deere & Company will post 18.01 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st were issued a dividend of $1.62 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.2%. Deere & Company’s payout ratio is 36.53%.

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.