Cwm LLC Boosts Stock Position in Deere & Company (NYSE:DE)

Cwm LLC boosted its stake in shares of Deere & Company (NYSE:DE) by 14.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,744 shares of the industrial products company’s stock after acquiring an additional 2,046 shares during the quarter. Cwm LLC’s holdings in Deere & Company were worth $6,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Pinnacle Associates Ltd. boosted its holdings in Deere & Company by 21.3% during the 4th quarter. Pinnacle Associates Ltd. now owns 5,355 shares of the industrial products company’s stock valued at $2,141,000 after acquiring an additional 939 shares during the period. Penserra Capital Management LLC lifted its holdings in Deere & Company by 2.4% in the 3rd quarter. Penserra Capital Management LLC now owns 236,696 shares of the industrial products company’s stock worth $89,322,000 after buying an additional 5,485 shares during the period. New Mexico Educational Retirement Board lifted its holdings in Deere & Company by 6.9% in the 3rd quarter. New Mexico Educational Retirement Board now owns 14,002 shares of the industrial products company’s stock worth $5,284,000 after buying an additional 900 shares during the period. Centric Wealth Management purchased a new stake in Deere & Company in the 3rd quarter worth approximately $2,640,000. Finally, Graham Capital Management L.P. lifted its holdings in Deere & Company by 483.3% in the 3rd quarter. Graham Capital Management L.P. now owns 17,500 shares of the industrial products company’s stock worth $6,604,000 after buying an additional 14,500 shares during the period. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DE shares. Citigroup dropped their price objective on Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a report on Friday, February 16th. Melius Research reiterated a “hold” rating on shares of Deere & Company in a report on Monday, January 8th. Evercore ISI increased their target price on Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 20th. Stifel Nicolaus decreased their target price on Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Finally, JPMorgan Chase & Co. increased their target price on Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $433.28.

Deere & Company Stock Down 0.6 %

Deere & Company stock opened at $397.29 on Wednesday. The firm has a market cap of $110.59 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.50 and a beta of 1.04. The stock has a fifty day simple moving average of $386.42 and a two-hundred day simple moving average of $383.39. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 1.81.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. The business 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 company’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $6.55 EPS. Equities analysts predict that Deere & Company will post 27.4 EPS for the current fiscal year.

Deere & Company Announces Dividend

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

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.