RWA Wealth Partners LLC Has $3.29 Million Stock Holdings in Deere & Company (NYSE:DE)

RWA Wealth Partners LLC boosted its stake in shares of Deere & Company (NYSE:DE) by 444.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,223 shares of the industrial products company’s stock after buying an additional 6,712 shares during the quarter. RWA Wealth Partners LLC’s holdings in Deere & Company were worth $3,288,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DE. Briaud Financial Planning Inc acquired a new position in Deere & Company during the third quarter valued at approximately $25,000. ZRC Wealth Management LLC acquired a new position in Deere & Company during the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. bought a new stake in Deere & Company in the fourth quarter valued at approximately $28,000. Naples Money Management LLC bought a new stake in Deere & Company in the fourth quarter valued at approximately $29,000. Finally, Milestone Investment Advisors LLC bought a new stake in Deere & Company in the third quarter valued at approximately $37,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DE. Citigroup dropped their price objective on Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Evercore ISI upped their price objective on Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. 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. Melius Research restated a “hold” rating on shares of Deere & Company in a research note on Monday, January 8th. Finally, Morgan Stanley assumed coverage on Deere & Company in a research note on Monday, January 8th. They issued an “overweight” rating and a $430.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Deere & Company has an average rating of “Hold” and a consensus target price of $433.28.

Deere & Company Price Performance

Deere & Company stock opened at $398.50 on Tuesday. The stock’s fifty day moving average price is $386.06 and its two-hundred day moving average price is $383.26. Deere & Company has a one year low of $345.55 and a one year high of $450.00. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81. The firm has a market cap of $110.93 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.50 and a beta of 1.04.

Deere & Company (NYSE:DE) last posted its quarterly earnings data 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. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The firm had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. During the same quarter last year, the company earned $6.55 EPS. The company’s revenue was down 8.0% on a year-over-year basis. As a group, research analysts expect that Deere & Company will post 27.4 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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 is Wednesday, March 27th. Deere & Company’s dividend payout ratio is presently 17.12%.

Deere & 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.