Werba Rubin Papier Wealth Management Purchases 59 Shares of Deere & Company (NYSE:DE)

Werba Rubin Papier Wealth Management increased its holdings in Deere & Company (NYSE:DE) by 9.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 685 shares of the industrial products company’s stock after purchasing an additional 59 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Deere & Company were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Means Investment CO. Inc. boosted its holdings in Deere & Company by 1.6% in the third quarter. Means Investment CO. Inc. now owns 3,157 shares of the industrial products company’s stock valued at $1,317,000 after acquiring an additional 49 shares in the last quarter. New Century Financial Group LLC purchased a new stake in shares of Deere & Company in the 3rd quarter worth about $1,052,000. Resonant Capital Advisors LLC bought a new stake in shares of Deere & Company during the 3rd quarter valued at about $206,000. Spectrum Financial Alliance Ltd LLC increased its position in shares of Deere & Company by 23.4% during the third quarter. Spectrum Financial Alliance Ltd LLC now owns 48,206 shares of the industrial products company’s stock valued at $20,118,000 after buying an additional 9,139 shares during the period. Finally, Ferguson Wellman Capital Management Inc. raised its stake in Deere & Company by 11.8% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 9,021 shares of the industrial products company’s stock worth $3,765,000 after buying an additional 955 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

DE stock opened at $408.73 on Friday. The stock’s 50 day simple moving average is $393.03 and its 200 day simple moving average is $385.40. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85. Deere & Company has a 12-month low of $340.20 and a 12-month high of $420.47. The stock has a market capitalization of $112.63 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 1.35 and a beta of 0.92.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $10.94 billion. During the same period in the prior year, the company posted $10.20 earnings per share. The company’s quarterly revenue was down 20.3% on a year-over-year basis. As a group, research analysts forecast that Deere & Company will post 25.03 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Monday, September 30th. Deere & Company’s payout ratio is presently 17.70%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DE shares. Bank of America lifted 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. Hsbc Global Res cut Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Oppenheimer lowered their price objective on Deere & Company from $465.00 to $448.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Truist Financial boosted their target price on shares of Deere & Company from $443.00 to $496.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley decreased their price target on shares of Deere & Company from $450.00 to $425.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Deere & 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.