Deere & Company $DE Shares Acquired by RWA Wealth Partners LLC

RWA Wealth Partners LLC increased its stake in shares of Deere & Company (NYSE:DEFree Report) by 110.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 16,610 shares of the industrial products company’s stock after purchasing an additional 8,709 shares during the period. RWA Wealth Partners LLC’s holdings in Deere & Company were worth $7,595,000 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. Brighton Jones LLC raised its holdings in Deere & Company by 39.1% during the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock worth $1,927,000 after purchasing an additional 1,278 shares in the last quarter. Schnieders Capital Management LLC. increased its position in Deere & Company by 7.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,076 shares of the industrial products company’s stock worth $1,056,000 after purchasing an additional 150 shares during the period. Transcend Capital Advisors LLC raised its stake in shares of Deere & Company by 4.5% during the 2nd quarter. Transcend Capital Advisors LLC now owns 782 shares of the industrial products company’s stock worth $398,000 after buying an additional 34 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Deere & Company during the 2nd quarter worth approximately $2,084,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Deere & Company by 21.2% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,003 shares of the industrial products company’s stock valued at $20,341,000 after buying an additional 7,000 shares during the period. 68.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DE has been the topic of a number of recent analyst reports. Bank of America upped their price objective on Deere & Company from $502.00 to $672.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Morgan Stanley boosted their target price on shares of Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a research report on Monday. DA Davidson increased their price target on shares of Deere & Company from $580.00 to $775.00 and gave the company a “buy” rating in a report on Friday, February 20th. Wells Fargo & Company raised their price objective on shares of Deere & Company from $543.00 to $750.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Finally, Citigroup upped their target price on shares of Deere & Company from $515.00 to $675.00 and gave the stock a “neutral” rating in a research report on Monday. Fifteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Deere & Company has an average rating of “Moderate Buy” and an average price target of $637.70.

Get Our Latest Research Report on DE

Deere & Company Trading Down 3.1%

NYSE:DE opened at $624.33 on Thursday. Deere & Company has a 52-week low of $404.42 and a 52-week high of $674.19. The company has a quick ratio of 1.96, a current ratio of 2.21 and a debt-to-equity ratio of 1.59. The stock has a fifty day simple moving average of $531.78 and a 200-day simple moving average of $493.87. The company has a market capitalization of $169.24 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 2.30 and a beta of 1.02.

Deere & Company (NYSE:DEGet Free Report) last posted its earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.52. The firm had revenue of $9.61 billion during the quarter, compared to the consensus estimate of $7.50 billion. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period last year, the firm posted $3.19 EPS. On average, equities research analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Tuesday, March 31st will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, March 31st. Deere & Company’s payout ratio is currently 36.53%.

Deere & Company News Roundup

Here are the key news stories impacting Deere & Company this week:

Insider Buying and Selling

In other Deere & Company news, insider Cory J. Reed sold 12,000 shares of the stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the sale, the insider owned 20,792 shares in the company, valued at approximately $10,603,920. This represents a 36.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John C. May II sold 41,472 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $501.49, for a total value of $20,797,793.28. Following the transaction, the chief executive officer directly owned 117,970 shares of the company’s stock, valued at $59,160,775.30. The trade was a 26.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by corporate insiders.

Deere & Company Company Profile

(Free Report)

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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