Rothschild & Co Wealth Management UK Ltd Has $456.92 Million Stock Position in Deere & Company (NYSE:DE)

Rothschild & Co Wealth Management UK Ltd trimmed its stake in Deere & Company (NYSE:DE) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,142,666 shares of the industrial products company’s stock after selling 3,554 shares during the quarter. Deere & Company accounts for about 7.5% of Rothschild & Co Wealth Management UK Ltd’s holdings, making the stock its 8th largest position. Rothschild & Co Wealth Management UK Ltd’s holdings in Deere & Company were worth $456,918,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DE. Retirement Group LLC grew its position in Deere & Company by 264.7% during the 2nd quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 45 shares during the last quarter. Briaud Financial Planning Inc acquired a new position in Deere & Company in the third quarter worth $25,000. ZRC Wealth Management LLC bought a new stake in shares of Deere & Company during the fourth quarter worth $28,000. Worth Asset Management LLC acquired a new stake in shares of Deere & Company in the first quarter valued at $28,000. Finally, Milestone Investment Advisors LLC bought a new position in shares of Deere & Company in the third quarter valued at about $37,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wells Fargo & Company lowered their price objective 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. Truist Financial initiated coverage on Deere & Company in a research report on Thursday, March 14th. They issued a “buy” rating and a $494.00 price objective on the stock. JPMorgan Chase & Co. raised their price target on Deere & Company from $415.00 to $425.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Morgan Stanley initiated coverage on Deere & Company in a report on Monday, January 8th. They set an “overweight” rating and a $430.00 price objective for the company. Finally, Melius cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Ten 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 stock has a consensus rating of “Hold” and an average price target of $433.28.

Deere & Company Stock Down 0.2 %

DE traded down $0.79 during trading on Wednesday, reaching $393.01. The company had a trading volume of 1,865,373 shares, compared to its average volume of 1,279,511. The company has a market cap of $109.40 billion, a P/E ratio of 11.44, a PEG ratio of 1.48 and a beta of 1.04. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00. 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 fifty day moving average price is $384.95 and its 200 day moving average price is $382.56.

Deere & Company (NYSE:DE) last issued its quarterly 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. The company had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $6.55 earnings per share. Equities analysts anticipate that Deere & Company will post 27.41 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be given a dividend of $1.47 per share. The ex-dividend date is Wednesday, March 27th. This represents a $5.88 annualized dividend and a yield of 1.50%. Deere & Company’s dividend payout ratio (DPR) is presently 17.12%.

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.