Douglass Winthrop Advisors LLC Has $114.02 Million Holdings in Deere & Company (NYSE:DE)

Douglass Winthrop Advisors LLC increased its holdings in Deere & Company (NYSE:DE) by 2.9% in the 3rd quarter, Holdings Channel reports. The fund owned 273,207 shares of the industrial products company’s stock after purchasing an additional 7,753 shares during the period. Deere & Company makes up about 2.2% of Douglass Winthrop Advisors LLC’s portfolio, making the stock its 19th biggest position. Douglass Winthrop Advisors LLC’s holdings in Deere & Company were worth $114,017,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Oppenheimer Asset Management Inc. grew its holdings in shares of Deere & Company by 20.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 15,808 shares of the industrial products company’s stock valued at $5,906,000 after acquiring an additional 2,692 shares in the last quarter. Chase Investment Counsel Corp grew its stake in Deere & Company by 53.8% in the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the industrial products company’s stock valued at $1,669,000 after purchasing an additional 1,400 shares in the last quarter. Balentine LLC acquired a new position in Deere & Company in the 3rd quarter worth about $710,000. Royal Fund Management LLC raised its stake in shares of Deere & Company by 99.8% during the 3rd quarter. Royal Fund Management LLC now owns 6,454 shares of the industrial products company’s stock worth $2,694,000 after purchasing an additional 3,223 shares in the last quarter. Finally, New Century Financial Group LLC acquired a new position in Deere & Company in the third quarter worth approximately $1,052,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Up 2.1 %

Shares of DE opened at $446.65 on Monday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The company has a 50-day simple moving average of $406.99 and a 200-day simple moving average of $386.22. Deere & Company has a 52 week low of $340.20 and a 52 week high of $447.50. The firm has a market capitalization of $122.20 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.75 and a beta of 0.93.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping the consensus estimate of $3.90 by $0.65. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. Deere & Company’s revenue for the quarter was down 32.8% compared to the same quarter last year. During the same quarter last year, the firm earned $8.26 EPS. On average, equities research analysts expect that Deere & Company will post 21.31 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, September 30th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.88 annualized dividend and a dividend yield of 1.32%. Deere & Company’s dividend payout ratio (DPR) is currently 22.97%.

Analyst Upgrades and Downgrades

DE has been the subject of several recent research reports. Barclays boosted their target price on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday. HSBC cut shares of Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft reduced their price target on Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Bank of America increased their price objective on Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Finally, Hsbc Global Res lowered Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Thirteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $431.61.

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.