CW Advisors LLC Boosts Stake in Deere & Company $DE

CW Advisors LLC increased its holdings in shares of Deere & Company (NYSE:DE) by 19.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,309 shares of the industrial products company’s stock after acquiring an additional 1,710 shares during the period. CW Advisors LLC’s holdings in Deere & Company were worth $5,243,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Deere & Company during the 2nd quarter worth $25,000. Activest Wealth Management boosted its holdings in Deere & Company by 2,750.0% during the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after buying an additional 55 shares in the last quarter. Marshall & Sullivan Inc. WA acquired a new position in Deere & Company during the second quarter worth about $38,000. Livelsberger Financial Advisory purchased a new position in Deere & Company in the second quarter valued at about $39,000. Finally, Center for Financial Planning Inc. increased its holdings in Deere & Company by 406.7% in the second quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock valued at $39,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Insider Transactions at Deere & Company

In other Deere & Company news, CEO John C. May II sold 11,106 shares of Deere & Company stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $500.08, for a total value of $5,553,888.48. Following the completion of the sale, the chief executive officer directly owned 112,453 shares of the company’s stock, valued at approximately $56,235,496.24. The trade was a 8.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Robert W. Baird lowered their price target on Deere & Company from $488.00 to $467.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Wolfe Research lowered their target price on Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Evercore ISI restated a “positive” rating on shares of Deere & Company in a research report on Friday, November 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a research report on Monday. Finally, Jefferies Financial Group lowered their price objective on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $518.95.

Deere & Company Stock Down 1.6%

DE opened at $475.13 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 1.68. The firm has a market cap of $128.44 billion, a P/E ratio of 25.67, a PEG ratio of 1.78 and a beta of 1.00. Deere & Company has a 52 week low of $403.01 and a 52 week high of $533.78. The business’s fifty day simple moving average is $467.81 and its 200 day simple moving average is $489.21.

Deere & Company (NYSE:DE) last announced its earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share for the quarter, missing the consensus estimate of $3.96 by ($0.03). Deere & Company had a net margin of 11.00% and a return on equity of 20.54%. The firm had revenue of $12.39 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period in the previous year, the firm posted $4.55 EPS. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Wednesday, December 31st will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio is presently 35.01%.

About Deere & Company

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.