Werba Rubin Papier Wealth Management Grows Stock Holdings in Deere & Company (NYSE:DE)

Werba Rubin Papier Wealth Management increased its stake in Deere & Company (NYSE:DE) by 18.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 626 shares of the industrial products company’s stock after buying an additional 96 shares during the period. Werba Rubin Papier Wealth Management’s holdings in Deere & Company were worth $234,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in shares of Deere & Company by 15.9% in the 4th quarter. International Assets Investment Management LLC now owns 2,102 shares of the industrial products company’s stock worth $841,000 after purchasing an additional 288 shares during the last quarter. Gilbert & Cook Inc. raised its holdings in Deere & Company by 5.4% in the fourth quarter. Gilbert & Cook Inc. now owns 1,978 shares of the industrial products company’s stock worth $791,000 after buying an additional 102 shares during the last quarter. 9258 Wealth Management LLC lifted its stake in shares of Deere & Company by 9.8% in the fourth quarter. 9258 Wealth Management LLC now owns 1,975 shares of the industrial products company’s stock worth $790,000 after buying an additional 176 shares in the last quarter. Gryphon Financial Partners LLC lifted its stake in shares of Deere & Company by 62.9% in the fourth quarter. Gryphon Financial Partners LLC now owns 1,430 shares of the industrial products company’s stock worth $551,000 after buying an additional 552 shares in the last quarter. Finally, Principal Securities Inc. purchased a new stake in shares of Deere & Company during the fourth quarter valued at approximately $1,569,000. Institutional investors own 68.58% of the company’s stock.

Insider Transactions at Deere & Company

In related news, insider Cory J. Reed sold 13,370 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $377.63, for a total value of $5,048,913.10. Following the completion of the transaction, the insider now owns 41,642 shares of the company’s stock, valued at approximately $15,725,268.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

Deere & Company Stock Performance

NYSE:DE traded down $2.13 during mid-day trading on Friday, hitting $381.56. 1,670,319 shares of the company traded hands, compared to its average volume of 1,536,021. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85. The stock’s fifty day moving average price is $369.04 and its 200-day moving average price is $380.51. The firm has a market cap of $105.15 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 1.28 and a beta of 0.92. Deere & Company has a one year low of $340.20 and a one year high of $417.46.

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

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be paid a $1.47 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.54%. Deere & Company’s dividend payout ratio (DPR) is presently 17.70%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DE shares. Bank of America upped their price objective on Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. DA Davidson lowered their price target on Deere & Company from $483.00 to $465.00 and set a “buy” rating on the stock in a report on Monday, May 20th. HSBC downgraded Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, August 19th. JPMorgan Chase & Co. decreased their target price on Deere & Company from $375.00 to $360.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Finally, Morgan Stanley dropped 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. Fourteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $414.11.

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.