Darwin Wealth Management LLC Invests $47,000 in Deere & Company (NYSE:DE)

Darwin Wealth Management LLC acquired a new position in Deere & Company (NYSE:DE) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 113 shares of the industrial products company’s stock, valued at approximately $47,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fairscale Capital LLC bought a new stake in shares of Deere & Company in the 2nd quarter worth approximately $26,000. Pineridge Advisors LLC grew its position in Deere & Company by 725.0% during the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Livelsberger Financial Advisory purchased a new position in Deere & Company in the 3rd quarter worth approximately $32,000. Olistico Wealth LLC purchased a new position in shares of Deere & Company in the second quarter worth $37,000. Finally, Centennial Bank AR raised its holdings in shares of Deere & Company by 420.0% during the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 84 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Deere & Company Stock Up 7.7 %

Shares of DE stock opened at $436.28 on Friday. The firm has a market capitalization of $119.37 billion, a PE ratio of 14.89, a P/E/G ratio of 1.54 and a beta of 0.93. The stock’s 50-day simple moving average is $405.95 and its 200-day simple moving average is $386.18. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $442.05. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating analysts’ consensus estimates of $3.90 by $0.65. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The company’s quarterly revenue was down 32.8% on a year-over-year basis. During the same period last year, the firm earned $8.26 EPS. Equities analysts expect that Deere & Company will post 25 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Monday, September 30th. Deere & Company’s dividend payout ratio is presently 20.06%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DE. Citigroup boosted their price objective on shares of Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. HSBC cut Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. Truist Financial increased their price target on Deere & Company from $443.00 to $496.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets initiated coverage on shares of Deere & Company in a research note on Friday, August 9th. They issued a “market perform” rating and a $400.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $420.69.

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.