Midwest Financial Partners Investments Inc. Acquires New Shares in Deere & Company $DE

Midwest Financial Partners Investments Inc. acquired a new stake in shares of Deere & Company (NYSE:DE) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 991 shares of the industrial products company’s stock, valued at approximately $461,000.

Several other hedge funds also recently modified their holdings of the company. Strategic Advocates LLC bought a new stake in Deere & Company during the 3rd quarter worth approximately $25,000. Key Capital Management INC bought a new stake in Deere & Company during the 4th quarter worth approximately $27,000. Activest Wealth Management grew its holdings in Deere & Company by 69.2% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 27 shares during the last quarter. McIlrath & Eck LLC bought a new stake in Deere & Company during the 4th quarter worth approximately $30,000. Finally, Wealth Watch Advisors INC bought a new stake in Deere & Company during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of NYSE DE opened at $530.84 on Friday. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19. The firm has a fifty day simple moving average of $577.80 and a 200 day simple moving average of $539.87. The company has a market capitalization of $143.38 billion, a PE ratio of 29.92, a P/E/G ratio of 1.96 and a beta of 0.96. The company has a quick ratio of 1.96, a current ratio of 2.21 and a debt-to-equity ratio of 1.59.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, topping analysts’ consensus estimates of $5.70 by $0.85. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The business had revenue of $11.78 billion during the quarter, compared to the consensus estimate of $11.55 billion. During the same quarter last year, the firm earned $6.64 earnings per share. Deere & Company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts forecast that Deere & Company will post 18.01 EPS for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Tuesday, March 31st were paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Deere & Company’s dividend payout ratio (DPR) is currently 36.53%.

Deere & Company News Summary

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: Deere posted stronger-than-expected Q2 results, with EPS of $6.55 topping estimates and revenue rising 5.4% year over year to $13.37 billion, helped by solid demand in Small Ag & Turf and Construction & Forestry. Deere Shares Fall 4.4% Despite Earnings Beat and Stable Outlook
• Positive Sentiment: The company said it maintained its full-year profit outlook, signaling management confidence despite a tougher farm-cycle backdrop. Deere beats second-quarter profit estimate but maintains full-year forecast
• Neutral Sentiment: Deere’s construction and smaller-equipment businesses continued to offset weakness in core agricultural equipment, keeping overall sales growth positive. Deere Sales Rise as Construction Growth Offsets Agriculture Weakness
• Negative Sentiment: Investors are focusing on weak large-agriculture trends: Production & Precision Ag sales fell sharply and operating profit declined, suggesting the most cyclical part of Deere’s business is still under pressure. Deere shares tumble after weak large-ag outlook overshadows earnings beat
• Negative Sentiment: Management’s unchanged full-year framework and cautious commentary on farm budgets imply a slow recovery for big-ticket equipment demand, which is weighing on the stock. Deere Shares Tumble With Farmers Facing ‘Ongoing Challenges’

Analysts Set New Price Targets

A number of research firms have weighed in on DE. Wolfe Research boosted their target price on shares of Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Morgan Stanley boosted their target price on shares of Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Oppenheimer reissued an “outperform” rating and issued a $715.00 price target on shares of Deere & Company in a research note on Friday, February 20th. Raymond James Financial reissued an “outperform” rating and issued a $765.00 price target on shares of Deere & Company in a research note on Monday, February 23rd. Finally, Wells Fargo & Company increased their price target on Deere & Company from $543.00 to $750.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Fifteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $655.45.

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.