Darwin Wealth Management LLC Acquires New Stake in Deere & Company (NYSE:DE)

Darwin Wealth Management LLC bought a new position in shares of Deere & Company (NYSE:DE) during the third quarter, HoldingsChannel.com reports. The firm bought 113 shares of the industrial products company’s stock, valued at approximately $47,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pathway Financial Advisers LLC boosted its position in shares of Deere & Company by 53,338.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 854,484 shares of the industrial products company’s stock worth $356,602,000 after acquiring an additional 852,885 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Deere & Company by 46,892.9% in the 3rd quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company’s stock valued at $322,218,000 after purchasing an additional 770,451 shares during the last quarter. Swedbank AB acquired a new position in Deere & Company in the 1st quarter valued at $191,628,000. Mawer Investment Management Ltd. purchased a new position in Deere & Company during the second quarter worth about $166,937,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Deere & Company in the 3rd quarter valued at approximately $136,936,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Stock Up 7.7 %

NYSE:DE opened at $436.28 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07. The company has a market capitalization of $119.37 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 1.54 and a beta of 0.93. Deere & Company has a one year low of $340.20 and a one year high of $442.05. The stock has a 50-day simple moving average of $405.95 and a 200 day simple moving average of $386.18.

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 the consensus estimate of $3.90 by $0.65. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. During the same period in the prior year, the company earned $8.26 earnings per share. The business’s revenue was down 32.8% compared to the same quarter last year. Sell-side analysts predict that Deere & Company will post 25 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were issued 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 (DPR) is 20.06%.

Analyst Ratings Changes

DE has been the topic of a number of research reports. Morgan Stanley lowered their price target on 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. raised their target price on shares of Deere & Company from $360.00 to $420.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Evercore ISI lifted their target price on Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a report on Monday, August 19th. Finally, Hsbc Global Res downgraded shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $420.69.

About Deere & Company

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.