ORBA Wealth Advisors L.L.C. Purchases 197 Shares of Deere & Company $DE

ORBA Wealth Advisors L.L.C. boosted its position in Deere & Company (NYSE:DE) by 24.4% in the second quarter, HoldingsChannel.com reports. The firm owned 1,005 shares of the industrial products company’s stock after acquiring an additional 197 shares during the period. ORBA Wealth Advisors L.L.C.’s holdings in Deere & Company were worth $511,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Southland Equity Partners LLC lifted its position in Deere & Company by 3.9% during the 2nd quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock worth $271,000 after acquiring an additional 20 shares during the period. Vivid Wealth Management LLC lifted its position in Deere & Company by 1.9% during the 2nd quarter. Vivid Wealth Management LLC now owns 1,088 shares of the industrial products company’s stock worth $553,000 after acquiring an additional 20 shares during the period. Werba Rubin Papier Wealth Management boosted its position in Deere & Company by 3.0% in the second quarter. Werba Rubin Papier Wealth Management now owns 676 shares of the industrial products company’s stock valued at $344,000 after buying an additional 20 shares during the last quarter. Prairie Wealth Advisors Inc. boosted its position in Deere & Company by 2.1% in the second quarter. Prairie Wealth Advisors Inc. now owns 964 shares of the industrial products company’s stock valued at $492,000 after buying an additional 20 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in Deere & Company by 1.2% in the first quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock valued at $852,000 after buying an additional 21 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DE has been the topic of a number of recent research reports. Zacks Research lowered Deere & Company from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. Truist Financial increased their target price on Deere & Company from $602.00 to $609.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Evercore ISI set a $491.00 price objective on Deere & Company in a report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. dropped their price target on Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $518.72.

Deere & Company Stock Up 1.4%

Shares of DE opened at $468.36 on Wednesday. The firm has a market cap of $126.61 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04. Deere & Company has a 12-month low of $387.03 and a 12-month high of $533.78. The company’s 50-day moving average price is $466.80 and its 200 day moving average price is $490.13. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The firm had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the previous year, the firm earned $6.29 EPS. Deere & Company’s revenue was down 9.0% on a year-over-year basis. On average, sell-side analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company’s payout ratio is currently 33.87%.

Deere & Company Profile

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.