Madison Wealth Partners Inc Has $1.06 Million Stock Position in Deere & Company $DE

Madison Wealth Partners Inc lifted its position in Deere & Company (NYSE:DE) by 23.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,089 shares of the industrial products company’s stock after buying an additional 403 shares during the quarter. Madison Wealth Partners Inc’s holdings in Deere & Company were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Swan Global Investments LLC acquired a new stake in shares of Deere & Company in the second quarter worth $223,000. Calamos Wealth Management LLC raised its stake in Deere & Company by 1.5% during the 2nd quarter. Calamos Wealth Management LLC now owns 29,414 shares of the industrial products company’s stock valued at $14,957,000 after purchasing an additional 434 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in Deere & Company by 3.5% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 1,867 shares of the industrial products company’s stock valued at $962,000 after purchasing an additional 64 shares during the last quarter. Wendell David Associates Inc. raised its stake in Deere & Company by 22.9% during the 2nd quarter. Wendell David Associates Inc. now owns 7,946 shares of the industrial products company’s stock valued at $4,040,000 after purchasing an additional 1,479 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in Deere & Company by 8.4% during the 2nd quarter. International Assets Investment Management LLC now owns 2,206 shares of the industrial products company’s stock valued at $1,122,000 after purchasing an additional 171 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Trading Up 0.3%

Shares of DE stock opened at $458.63 on Monday. The firm has a fifty day moving average of $473.24 and a 200-day moving average of $487.89. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. Deere & Company has a 52-week low of $387.03 and a 52-week high of $533.78. The stock has a market cap of $123.98 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 2.95 and a beta of 1.02.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The business had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the firm earned $6.29 EPS. The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. On average, equities research analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio is presently 33.87%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a research note on Wednesday, October 8th. Wolfe Research cut their target price on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Citigroup cut their target price on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a research note on Tuesday, October 7th. JPMorgan Chase & Co. cut their target price on shares of Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Finally, Oppenheimer dropped their price objective on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a research note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus target price of $517.35.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.