Schwarz Dygos Wheeler Investment Advisors LLC Purchases New Holdings in Deere & Company $DE

Schwarz Dygos Wheeler Investment Advisors LLC acquired a new position in Deere & Company (NYSE:DE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 419 shares of the industrial products company’s stock, valued at approximately $213,000.

Several other large investors have also recently made changes to their positions in the business. Mid American Wealth Advisory Group Inc. bought a new position in Deere & Company during the second quarter valued at about $25,000. Activest Wealth Management boosted its stake in Deere & Company by 2,750.0% in the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 55 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new position in shares of Deere & Company during the 2nd quarter valued at approximately $38,000. Livelsberger Financial Advisory purchased a new stake in shares of Deere & Company during the 2nd quarter worth approximately $39,000. Finally, Center for Financial Planning Inc. raised its holdings in shares of Deere & Company by 406.7% in the 2nd quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 61 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Down 1.5%

Shares of NYSE DE opened at $473.54 on Friday. 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 $128.01 billion, a P/E ratio of 24.75, a P/E/G ratio of 3.05 and a beta of 1.04. Deere & Company has a 52 week low of $387.79 and a 52 week high of $533.78. The business has a 50-day simple moving average of $465.98 and a two-hundred day simple moving average of $490.57.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the prior year, the firm posted $6.29 earnings per share. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. Research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Tuesday, September 30th were issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Deere & Company’s dividend payout ratio is 33.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Oppenheimer reduced their price objective on Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. Zacks Research lowered Deere & Company from a “hold” rating to a “strong sell” rating in a report on Monday, October 20th. Jefferies Financial Group dropped their price objective on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a report on Wednesday, October 8th. Robert W. Baird cut their target price on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Finally, Wells Fargo & Company began coverage on shares of Deere & Company in a research report on Thursday. They issued an “overweight” rating and a $543.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $520.00.

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 manufacture of a full line of agriculture and turf equipment and related service parts.