Highview Capital Management LLC DE Has $1.05 Million Holdings in Deere & Company $DE

Highview Capital Management LLC DE lessened its position in shares of Deere & Company (NYSE:DEFree Report) by 33.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,260 shares of the industrial products company’s stock after selling 1,120 shares during the quarter. Highview Capital Management LLC DE’s holdings in Deere & Company were worth $1,052,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Legacy Advisors LLC grew its holdings in shares of Deere & Company by 14.4% during the 4th quarter. Legacy Advisors LLC now owns 1,360 shares of the industrial products company’s stock worth $633,000 after purchasing an additional 171 shares in the last quarter. Richards Merrill & Peterson Inc. acquired a new stake in shares of Deere & Company during the 4th quarter worth approximately $108,000. Sterling Financial Planning Inc. boosted its stake in Deere & Company by 4.9% in the 4th quarter. Sterling Financial Planning Inc. now owns 878 shares of the industrial products company’s stock valued at $409,000 after buying an additional 41 shares in the last quarter. 55 North Private Wealth LLC acquired a new stake in Deere & Company in the 4th quarter valued at $209,000. Finally, Emissary Wealth LLC acquired a new stake in Deere & Company in the 4th quarter valued at $401,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on DE. Jefferies Financial Group raised Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 price target on the stock in a research note on Wednesday, April 8th. Barclays boosted their price target on Deere & Company from $530.00 to $640.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. Oppenheimer reiterated an “outperform” rating and issued a $715.00 price objective on shares of Deere & Company in a research report on Friday, February 20th. Citigroup cut their price objective on Deere & Company from $675.00 to $625.00 and set a “neutral” rating for the company in a research report on Monday, March 9th. Finally, JPMorgan Chase & Co. lifted their price objective on Deere & Company from $525.00 to $550.00 and gave the company a “neutral” rating in a research report on Friday, April 10th. Sixteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Deere & Company currently has an average rating of “Moderate Buy” and a consensus target price of $655.45.

Check Out Our Latest Stock Report on Deere & Company

Deere & Company Trading Up 0.8%

Shares of DE opened at $595.10 on Tuesday. The stock has a fifty day moving average price of $595.28 and a two-hundred day moving average price of $523.17. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.96 and a current ratio of 2.21. Deere & Company has a 52-week low of $433.00 and a 52-week high of $674.19. The company has a market cap of $160.74 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 2.06 and a beta of 0.98.

Deere & Company (NYSE:DEGet Free Report) last released its earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.52. The company had revenue of $9.61 billion during the quarter, compared to the consensus estimate of $7.50 billion. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.19 earnings per share. Analysts predict that Deere & Company will post 18 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st will be given a dividend of $1.62 per share. The ex-dividend date is Tuesday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. Deere & Company’s payout ratio is presently 36.53%.

Key Headlines Impacting Deere & Company

Here are the key news stories impacting Deere & Company this week:

Deere & Company Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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