MW Advisory LLC Invests $499,000 in Deere & Company $DE

MW Advisory LLC bought a new position in Deere & Company (NYSE:DE) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 786 shares of the industrial products company’s stock, valued at approximately $499,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Anchyra Partners LLC raised its stake in shares of Deere & Company by 0.5% in the first quarter. Anchyra Partners LLC now owns 3,191 shares of the industrial products company’s stock worth $1,797,000 after buying an additional 17 shares during the period. William B. Walkup & Associates Inc. raised its stake in Deere & Company by 0.6% during the 1st quarter. William B. Walkup & Associates Inc. now owns 2,908 shares of the industrial products company’s stock worth $1,638,000 after acquiring an additional 17 shares during the period. Advisortrust Partners LLC raised its stake in Deere & Company by 2.0% during the 1st quarter. Advisortrust Partners LLC now owns 914 shares of the industrial products company’s stock worth $515,000 after acquiring an additional 18 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in Deere & Company by 2.4% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 816 shares of the industrial products company’s stock valued at $379,000 after purchasing an additional 19 shares in the last quarter. Finally, Root Financial Partners LLC lifted its holdings in Deere & Company by 2.2% during the fourth quarter. Root Financial Partners LLC now owns 880 shares of the industrial products company’s stock valued at $410,000 after purchasing an additional 19 shares in the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Price Performance

DE stock opened at $692.68 on Friday. Deere & Company has a one year low of $433.00 and a one year high of $705.88. The company’s fifty day moving average price is $619.13 and its 200-day moving average price is $596.29. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10. The company has a market capitalization of $186.76 billion, a PE ratio of 38.48, a price-to-earnings-growth ratio of 2.86 and a beta of 0.90.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.69 by $0.41. The firm had revenue of $12.61 billion during the quarter, compared to analyst estimates of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. Deere & Company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.75 earnings per share. On average, equities analysts anticipate that Deere & Company will post 18.12 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be given a dividend of $1.62 per share. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 0.9%. Deere & Company’s dividend payout ratio (DPR) is presently 36.00%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Oppenheimer increased their price objective on shares of Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. JPMorgan Chase & Co. lifted their target price on shares of Deere & Company from $570.00 to $585.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Robert W. Baird raised shares of Deere & Company from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $640.00 to $800.00 in a report on Monday. Raymond James Financial increased their price target on Deere & Company from $700.00 to $730.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Wall Street Zen cut Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Sixteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $680.73.

About Deere & Company

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.