Childress Capital Advisors LLC bought a new stake in shares of Deere & Company (NYSE:DE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 299 shares of the industrial products company’s stock, valued at approximately $80,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DE. Klaas Financial Asset Advisors LLC purchased a new position in Deere & Company during the fourth quarter valued at $26,000. Grant Street Asset Management Inc. bought a new stake in Deere & Company during the fourth quarter valued at about $27,000. Leelyn Smith LLC raised its holdings in Deere & Company by 2,500.0% during the fourth quarter. Leelyn Smith LLC now owns 104 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 100 shares during the period. Syverson Strege & Co bought a new stake in Deere & Company during the fourth quarter valued at about $28,000. Finally, Clearview Wealth Advisors LLC bought a new stake in Deere & Company during the fourth quarter valued at about $32,000. Institutional investors own 66.77% of the company’s stock.
NYSE DE opened at $374.79 on Thursday. The company has a debt-to-equity ratio of 2.53, a current ratio of 2.24 and a quick ratio of 2.03. The stock’s fifty day moving average price is $357.42 and its 200 day moving average price is $285.84. Deere & Company has a 1 year low of $117.85 and a 1 year high of $392.42. The company has a market cap of $117.47 billion, a price-to-earnings ratio of 43.08, a PEG ratio of 1.43 and a beta of 0.96.
Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, February 18th. The industrial products company reported $3.87 EPS for the quarter, beating the consensus estimate of $2.17 by $1.70. Deere & Company had a net margin of 7.74% and a return on equity of 22.17%. The company had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the company earned $1.63 earnings per share. The firm’s revenue was up 23.3% on a year-over-year basis. Research analysts expect that Deere & Company will post 13.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 10th. Shareholders of record on Wednesday, March 31st will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 0.96%. This is a positive change from Deere & Company’s previous quarterly dividend of $0.76. The ex-dividend date is Tuesday, March 30th. Deere & Company’s dividend payout ratio is presently 41.43%.
Several equities research analysts have recently issued reports on the company. Jefferies Financial Group lifted their target price on Deere & Company from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, January 15th. Stifel Nicolaus lifted their target price on Deere & Company from $325.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, March 1st. Credit Suisse Group lifted their target price on Deere & Company from $343.00 to $403.00 and gave the stock an “outperform” rating in a report on Monday, March 1st. Oppenheimer lifted their target price on Deere & Company from $331.00 to $380.00 and gave the stock an “outperform” rating in a report on Monday, March 1st. Finally, Barclays lifted their target price on Deere & Company from $330.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 22nd. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $320.20.
Deere & Company Profile
Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment provides various agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural solutions and precision technologies; and other outdoor power products.
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