Cwm LLC Acquires 2,046 Shares of Deere & Company (NYSE:DE)

Cwm LLC grew its holdings in shares of Deere & Company (NYSE:DE) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,744 shares of the industrial products company’s stock after buying an additional 2,046 shares during the quarter. Cwm LLC’s holdings in Deere & Company were worth $6,295,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Summit Global Investments bought a new position in Deere & Company in the third quarter worth approximately $201,000. Capital Investment Advisors LLC bought a new position in Deere & Company in the third quarter worth approximately $1,491,000. Avior Wealth Management LLC grew its stake in Deere & Company by 2.9% in the third quarter. Avior Wealth Management LLC now owns 4,052 shares of the industrial products company’s stock worth $1,529,000 after purchasing an additional 114 shares in the last quarter. Newbridge Financial Services Group Inc. grew its stake in Deere & Company by 10.9% in the third quarter. Newbridge Financial Services Group Inc. now owns 335 shares of the industrial products company’s stock worth $127,000 after purchasing an additional 33 shares in the last quarter. Finally, Royal Fund Management LLC grew its stake in Deere & Company by 16.8% in the third quarter. Royal Fund Management LLC now owns 3,262 shares of the industrial products company’s stock worth $1,231,000 after purchasing an additional 470 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DE. Truist Financial began coverage on Deere & Company in a research note on Thursday, March 14th. They issued a “buy” rating and a $494.00 price objective on the stock. Stifel Nicolaus dropped their target price on Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Citigroup dropped their target price on Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. JPMorgan Chase & Co. increased their target price on Deere & Company from $415.00 to $425.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Finally, Melius cut Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Deere & Company has an average rating of “Hold” and a consensus price target of $433.28.

Deere & Company Stock Performance

Shares of DE opened at $397.29 on Wednesday. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00. The stock has a fifty day moving average price of $386.42 and a 200-day moving average price of $383.39. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 1.81. The firm has a market cap of $110.59 billion, a PE ratio of 11.57, a P/E/G ratio of 1.50 and a beta of 1.04.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. The company had revenue of $10.49 billion during 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 firm’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter last year, the business posted $6.55 EPS. Equities research analysts predict that Deere & Company will post 27.4 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a yield of 1.48%. Deere & Company’s dividend payout ratio (DPR) is 17.12%.

Deere & Company Company Profile

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.