CWM Advisors LLC Has $1.03 Million Stake in Deere & Company (DE)
CWM Advisors LLC lifted its position in Deere & Company (NYSE:DE) by 17.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,890 shares of the industrial products company’s stock after acquiring an additional 1,001 shares during the period. Deere & Company comprises approximately 0.7% of CWM Advisors LLC’s holdings, making the stock its 15th largest position. CWM Advisors LLC’s holdings in Deere & Company were worth $1,028,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Destination Wealth Management boosted its holdings in shares of Deere & Company by 20,500.0% during the fourth quarter. Destination Wealth Management now owns 206 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 205 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in Deere & Company by 14,550.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,214,983 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 5,179,386 shares during the last quarter. Legacy Financial Advisors Inc. lifted its stake in Deere & Company by 155.9% in the fourth quarter. Legacy Financial Advisors Inc. now owns 238 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 145 shares during the last quarter. Athena Capital Advisors LLC bought a new position in shares of Deere & Company in the fourth quarter valued at approximately $36,000. Finally, Lavaca Capital LLC bought a new position in shares of Deere & Company in the fourth quarter valued at approximately $41,000. 68.23% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on DE shares. Robert W. Baird set a $165.00 price target on shares of Deere & Company and gave the company a “buy” rating in a research report on Monday, December 3rd. Bank of America reissued a “buy” rating and issued a $173.00 price target (up previously from $163.00) on shares of Deere & Company in a research report on Monday, December 3rd. Credit Suisse Group reaffirmed a “buy” rating and set a $211.00 target price on shares of Deere & Company in a research report on Tuesday, January 8th. Argus boosted their target price on shares of Deere & Company from $166.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, January 9th. Finally, Zacks Investment Research raised shares of Deere & Company from a “hold” rating to a “buy” rating and set a $176.00 target price on the stock in a research report on Tuesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $176.73.
Deere & Company (NYSE:DE) last announced its quarterly earnings results on Friday, February 15th. The industrial products company reported $1.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.22). The business had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $6.83 billion. Deere & Company had a net margin of 8.85% and a return on equity of 28.83%. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period last year, the firm earned $1.31 EPS. Analysts predict that Deere & Company will post 11.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, March 29th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.92%. The ex-dividend date is Thursday, March 28th. Deere & Company’s dividend payout ratio (DPR) is presently 32.37%.
In other Deere & Company news, insider John C. May II sold 11,661 shares of the business’s stock in a transaction on Thursday, January 17th. The shares were sold at an average price of $160.21, for a total value of $1,868,208.81. Following the sale, the insider now owns 55,743 shares of the company’s stock, valued at approximately $8,930,586.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.71% of the company’s stock.
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About Deere & Company
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 manufacturing of full line of agriculture and turf equipment and related service parts.
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