Cwm LLC Increases Holdings in Deere & Company $DE

Key Points

• Cwm LLC increased its holdings in Deere & Company by 3.6% during the second quarter, owning 25,295 shares valued at approximately $12.86 million at the end of the reporting period.
• Several analysts have adjusted their price targets for Deere & Company, with a current average target of $513.88, reflecting a "Moderate Buy" rating among research firms.
• Deere & Company has announced a quarterly dividend of $1.62 per share, which will be paid on November 10th, representing an annualized dividend yield of 1.5%.

Cwm LLC grew its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,295 shares of the industrial products company's stock after purchasing an additional 884 shares during the quarter. Cwm LLC's holdings in Deere & Company were worth $12,862,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DE. Activest Wealth Management grew its stake in shares of Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company's stock worth $27,000 after acquiring an additional 55 shares during the period. Hughes Financial Services LLC bought a new position in shares of Deere & Company during the 1st quarter worth $29,000. Cornerstone Planning Group LLC grew its stake in shares of Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock worth $31,000 after acquiring an additional 36 shares during the period. Marshall & Sullivan Inc. WA bought a new position in shares of Deere & Company during the 2nd quarter worth $38,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Deere & Company during the 2nd quarter worth $39,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DE shares. Evercore ISI set a $491.00 price target on Deere & Company in a research note on Tuesday, August 19th. JPMorgan Chase & Co. cut their price target on Deere & Company from $500.00 to $495.00 and set a "neutral" rating for the company in a research note on Tuesday, September 2nd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Deere & Company in a research note on Wednesday, October 8th. Citigroup cut their price target on Deere & Company from $525.00 to $515.00 and set a "neutral" rating for the company in a research note on Tuesday, October 7th. Finally, Wall Street Zen upgraded Deere & Company from a "sell" rating to a "hold" rating in a research note on Saturday, October 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Deere & Company presently has an average rating of "Moderate Buy" and an average price target of $513.88.

Deere & Company Stock Down 1.6%

Shares of NYSE DE opened at $439.00 on Tuesday. Deere & Company has a 52 week low of $387.03 and a 52 week high of $533.78. The business has a 50-day simple moving average of $477.70 and a two-hundred day simple moving average of $488.26. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. The company has a market cap of $118.67 billion, a P/E ratio of 22.95, a P/E/G ratio of 2.87 and a beta of 1.02.

Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, topping the consensus estimate of $4.62 by $0.13. The business 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 revenue was down 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $6.29 EPS. Research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 30th. Deere & Company's dividend payout ratio (DPR) is 33.87%.

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.

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