Threadgill Financial LLC Acquires 52 Shares of Deere & Company (NYSE:DE)

Threadgill Financial LLC grew its holdings in Deere & Company (NYSE:DE) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,644 shares of the industrial products company’s stock after acquiring an additional 52 shares during the quarter. Deere & Company accounts for 1.0% of Threadgill Financial LLC’s portfolio, making the stock its 24th largest holding. Threadgill Financial LLC’s holdings in Deere & Company were worth $1,457,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. RB Capital Management LLC raised its stake in shares of Deere & Company by 5.2% in the 1st quarter. RB Capital Management LLC now owns 1,637 shares of the industrial products company’s stock valued at $680,000 after buying an additional 81 shares in the last quarter. Bornite Capital Management LP bought a new position in Deere & Company during the first quarter worth about $14,541,000. Retirement Income Solutions Inc acquired a new stake in Deere & Company during the first quarter valued at approximately $229,000. Sequoia Financial Advisors LLC lifted its position in shares of Deere & Company by 27.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,442 shares of the industrial products company’s stock worth $1,014,000 after buying an additional 521 shares during the period. Finally, Baird Financial Group Inc. boosted its stake in Deere & Company by 32.4% in the 1st quarter. Baird Financial Group Inc. now owns 114,322 shares of the industrial products company’s stock valued at $47,496,000 after buying an additional 27,985 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Performance

Shares of NYSE:DE opened at $409.23 on Thursday. The firm’s 50 day simple moving average is $379.82 and its 200 day simple moving average is $381.32. Deere & Company has a fifty-two week low of $345.55 and a fifty-two week high of $450.00. The company has a market capitalization of $113.91 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 1.50 and a beta of 1.03. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The firm had revenue of $10.49 billion during the quarter, compared to analysts’ expectations of $10.30 billion. During the same period in the previous year, the firm earned $6.55 earnings per share. The company’s revenue was down 8.0% on a year-over-year basis. As a group, sell-side analysts forecast that Deere & Company will post 27.41 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be issued 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 1.44%. Deere & Company’s payout ratio is presently 17.12%.

Analyst Ratings Changes

Several research firms have issued reports on DE. Stifel Nicolaus dropped their price objective on Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Melius cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Morgan Stanley assumed coverage on shares of Deere & Company in a research note on Monday, January 8th. They issued an “overweight” rating and a $430.00 target price for the company. Melius Research reaffirmed a “hold” rating on shares of Deere & Company in a report on Monday, January 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Deere & Company from $380.00 to $385.00 and gave the company a “neutral” rating in a research report on Monday, December 4th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Deere & Company currently has an average rating of “Moderate Buy” and an average target price of $431.69.

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.