CW Advisors LLC Purchases 4,364 Shares of Deere & Company $DE

Key Points

• CW Advisors LLC increased its stake in Deere & Company by 103% during the first quarter, acquiring an additional 4,364 shares, bringing their total holdings to 8,599 shares valued at $4,044,000.
• Despite reporting a 9% decline in quarterly revenue compared to the previous year, Deere & Company's earnings per share of $4.75 surpassed analysts' expectations.
• The company's recent dividend payment of $1.62 represents an annualized yield of 1.3%, with a payout ratio of 33.87%.

CW Advisors LLC lifted its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 103.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,599 shares of the industrial products company's stock after purchasing an additional 4,364 shares during the quarter. CW Advisors LLC's holdings in Deere & Company were worth $4,044,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Deere & Company by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 22,063,590 shares of the industrial products company's stock worth $10,355,546,000 after buying an additional 185,671 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Deere & Company by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company's stock worth $3,227,258,000 after purchasing an additional 286,253 shares during the last quarter. Northern Trust Corp boosted its position in Deere & Company by 12.8% in the fourth quarter. Northern Trust Corp now owns 2,915,729 shares of the industrial products company's stock worth $1,235,394,000 after purchasing an additional 330,915 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Deere & Company by 2.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,780,742 shares of the industrial products company's stock worth $754,500,000 after purchasing an additional 48,941 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Deere & Company by 61,215.9% in the first quarter. GAMMA Investing LLC now owns 1,753,022 shares of the industrial products company's stock worth $822,781,000 after purchasing an additional 1,750,163 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Stock Performance

Shares of DE stock traded up $5.68 during trading hours on Wednesday, reaching $493.44. 912,393 shares of the company's stock were exchanged, compared to its average volume of 1,358,097. The company's 50 day moving average is $507.17 and its two-hundred day moving average is $490.91. The company has a market cap of $133.64 billion, a P/E ratio of 25.79, a price-to-earnings-growth ratio of 3.13 and a beta of 1.06. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. Deere & Company has a 1 year low of $374.46 and a 1 year high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The firm's quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.29 EPS. Equities research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.3%. Deere & Company's dividend payout ratio (DPR) is 33.87%.

Analyst Ratings Changes

Several analysts recently issued reports on DE shares. Melius raised Deere & Company from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Robert W. Baird cut their target price on Deere & Company from $520.00 to $488.00 and set a "neutral" rating on the stock in a research report on Friday, August 15th. JPMorgan Chase & Co. upped their target price on Deere & Company from $490.00 to $540.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Oppenheimer upped their price objective on Deere & Company from $560.00 to $566.00 and gave the stock an "outperform" rating in a research note on Friday, August 15th. Finally, Bank of America upped their price target on shares of Deere & Company from $495.00 to $556.00 and gave the company a "neutral" rating in a report on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $523.87.

Deere & Company 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.