Werba Rubin Papier Wealth Management Buys 96 Shares of Deere & Company (NYSE:DE)

Werba Rubin Papier Wealth Management increased its position in Deere & Company (NYSE:DE) by 18.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 626 shares of the industrial products company’s stock after acquiring an additional 96 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Deere & Company were worth $234,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Deere & Company in the 4th quarter valued at about $1,248,036,000. Parnassus Investments LLC increased its position in shares of Deere & Company by 22.4% in the fourth quarter. Parnassus Investments LLC now owns 3,856,171 shares of the industrial products company’s stock worth $1,541,967,000 after purchasing an additional 705,771 shares during the last quarter. Swedbank AB purchased a new stake in Deere & Company in the first quarter valued at approximately $191,628,000. Vanguard Group Inc. lifted its position in Deere & Company by 1.2% during the first quarter. Vanguard Group Inc. now owns 21,988,363 shares of the industrial products company’s stock valued at $9,031,500,000 after purchasing an additional 263,709 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in Deere & Company by 28,306.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 249,977 shares of the industrial products company’s stock worth $934,000 after buying an additional 249,097 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DE. HSBC downgraded shares of Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, August 19th. DA Davidson dropped their price target on Deere & Company from $483.00 to $465.00 and set a “buy” rating for the company in a research note on Monday, May 20th. Citigroup reduced their price objective on Deere & Company from $395.00 to $370.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft dropped their target price on Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Finally, Oppenheimer reduced their price target on shares of Deere & Company from $465.00 to $448.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Fourteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Deere & Company presently has an average rating of “Hold” and a consensus target price of $414.11.

Deere & Company Trading Down 0.6 %

Shares of NYSE DE traded down $2.13 during trading hours on Friday, hitting $381.56. The company’s stock had a trading volume of 1,670,319 shares, compared to its average volume of 1,536,021. The business has a 50-day simple moving average of $369.04 and a 200-day simple moving average of $380.51. The stock has a market cap of $105.15 billion, a price-to-earnings ratio of 11.49, a P/E/G ratio of 1.28 and a beta of 0.92. 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 has a 12 month low of $340.20 and a 12 month high of $417.46.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.63 by $0.66. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The firm had revenue of $11.39 billion for the quarter, compared to analysts’ expectations of $10.94 billion. During the same period in the previous year, the firm earned $10.20 earnings per share. The business’s revenue was down 20.3% compared to the same quarter last year. On average, analysts anticipate that Deere & Company will post 25.09 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be given a $1.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.88 annualized dividend and a dividend yield of 1.54%. Deere & Company’s dividend payout ratio is 17.70%.

Insider Activity

In other Deere & Company news, insider Cory J. Reed sold 13,370 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $377.63, for a total transaction of $5,048,913.10. Following the transaction, the insider now owns 41,642 shares in the company, valued at approximately $15,725,268.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.26% of the company’s stock.

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.