CWM Advisors LLC Acquires 155 Shares of Deere & Company (NYSE:DE)

CWM Advisors LLC lifted its stake in Deere & Company (NYSE:DE) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,955 shares of the industrial products company’s stock after acquiring an additional 155 shares during the period. Deere & Company makes up about 0.6% of CWM Advisors LLC’s holdings, making the stock its 18th largest holding. CWM Advisors LLC’s holdings in Deere & Company were worth $1,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Deere & Company by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,123,218 shares of the industrial products company’s stock worth $167,531,000 after acquiring an additional 49,932 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Deere & Company by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 3,655,571 shares of the industrial products company’s stock worth $544,229,000 after acquiring an additional 244,266 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of Deere & Company by 18.9% during the fourth quarter. Macquarie Group Ltd. now owns 44,255 shares of the industrial products company’s stock worth $6,601,000 after acquiring an additional 7,047 shares during the last quarter. Actinver Wealth Management Inc. bought a new position in shares of Deere & Company during the fourth quarter worth about $339,000. Finally, American Century Companies Inc. bought a new position in shares of Deere & Company during the fourth quarter worth about $35,116,000. 67.85% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on DE. Bank of America raised shares of Deere & Company from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a report on Monday, July 15th. Barclays reaffirmed a “buy” rating and issued a $167.00 price objective on shares of Deere & Company in a report on Monday, July 15th. Wells Fargo & Co upped their price objective on shares of Deere & Company from $160.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, July 1st. UBS Group downgraded shares of Deere & Company from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $158.00 to $167.00 in a report on Wednesday, July 10th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $175.00 price target (down from $195.00) on shares of Deere & Company in a report on Monday, May 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $167.21.

In other news, COO John C. May II sold 5,228 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $170.00, for a total value of $888,760.00. Following the transaction, the chief operating officer now owns 49,310 shares in the company, valued at approximately $8,382,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John C. May II sold 16,468 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $163.21, for a total value of $2,687,742.28. Following the completion of the transaction, the chief operating officer now owns 60,550 shares in the company, valued at approximately $9,882,365.50. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by insiders.

NYSE DE opened at $143.71 on Friday. The stock’s 50-day moving average price is $161.71 and its two-hundred day moving average price is $158.60. The company has a current ratio of 1.94, a quick ratio of 1.66 and a debt-to-equity ratio of 2.37. The company has a market cap of $46.65 billion, a PE ratio of 15.30, a PEG ratio of 1.81 and a beta of 1.10. Deere & Company has a 1 year low of $128.32 and a 1 year high of $171.22.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Friday, May 17th. The industrial products company reported $3.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.57 by ($0.05). The company had revenue of $10.27 billion for the quarter, compared to analyst estimates of $10.19 billion. Deere & Company had a return on equity of 28.76% and a net margin of 8.52%. Deere & Company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.14 EPS. Research analysts forecast that Deere & Company will post 10.19 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Friday, June 28th were issued a dividend of $0.76 per share. The ex-dividend date was Thursday, June 27th. This represents a $3.04 annualized dividend and a yield of 2.12%. Deere & Company’s payout ratio is presently 32.37%.

Deere & Company Profile

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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