MWA Asset Management Purchases 127 Shares of Deere & Company (NYSE:DE)

MWA Asset Management lifted its position in Deere & Company (NYSE:DE) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,209 shares of the industrial products company’s stock after acquiring an additional 127 shares during the quarter. Deere & Company makes up about 2.3% of MWA Asset Management’s holdings, making the stock its 10th biggest holding. MWA Asset Management’s holdings in Deere & Company were worth $3,426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC acquired a new position in Deere & Company during the third quarter valued at $5,120,000. Premier Fund Managers Ltd grew its stake in Deere & Company by 5.8% during the 3rd quarter. Premier Fund Managers Ltd now owns 30,899 shares of the industrial products company’s stock valued at $12,918,000 after acquiring an additional 1,693 shares in the last quarter. West Family Investments Inc. increased its holdings in shares of Deere & Company by 16.5% in the 3rd quarter. West Family Investments Inc. now owns 771 shares of the industrial products company’s stock valued at $322,000 after purchasing an additional 109 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Deere & Company in the third quarter worth approximately $136,936,000. Finally, Banque Cantonale Vaudoise lifted its position in shares of Deere & Company by 29.0% in the third quarter. Banque Cantonale Vaudoise now owns 17,683 shares of the industrial products company’s stock worth $7,379,000 after purchasing an additional 3,973 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DE shares. Truist Financial boosted their price objective on shares of Deere & Company from $443.00 to $496.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Morgan Stanley lowered their price target on shares of Deere & Company from $450.00 to $425.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. JPMorgan Chase & Co. increased their price objective on Deere & Company from $360.00 to $420.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Citigroup lifted their price objective on Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Finally, HSBC lowered Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $420.69.

Deere & Company Price Performance

Shares of Deere & Company stock opened at $400.13 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85. The firm has a fifty day simple moving average of $404.63 and a 200-day simple moving average of $385.69. The stock has a market capitalization of $109.47 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 1.52 and a beta of 0.93. Deere & Company has a 1-year low of $340.20 and a 1-year high of $420.47.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Monday, September 30th. Deere & Company’s dividend payout ratio is 20.06%.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.