PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in Deere & Company (NYSE:DE – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 27,951 shares of the industrial products company’s stock, valued at approximately $13,013,000.
Other hedge funds have also recently modified their holdings of the company. Strategic Advocates LLC purchased a new position in Deere & Company during the 3rd quarter worth $25,000. Key Capital Management INC purchased a new position in Deere & Company during the 4th quarter worth $27,000. McIlrath & Eck LLC purchased a new position in Deere & Company during the 4th quarter worth $30,000. Wealth Watch Advisors INC purchased a new position in Deere & Company during the 3rd quarter worth $32,000. Finally, Tucker Asset Management LLC purchased a new position in Deere & Company during the 4th quarter worth $34,000. 68.58% of the stock is owned by hedge funds and other institutional investors.
Deere & Company Stock Down 1.3%
DE stock opened at $583.80 on Friday. Deere & Company has a one year low of $433.00 and a one year high of $674.19. The stock has a market capitalization of $157.59 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 2.20 and a beta of 0.92. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18. The company has a fifty day moving average of $572.86 and a 200-day moving average of $545.60.
Deere & Company Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, June 30th will be paid a $1.62 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. Deere & Company’s dividend payout ratio (DPR) is 36.71%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the stock. Argus raised their price objective on shares of Deere & Company from $540.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Oppenheimer reissued an “outperform” rating and set a $680.00 price objective (down from $715.00) on shares of Deere & Company in a research report on Wednesday, May 27th. DA Davidson lowered their price objective on shares of Deere & Company from $775.00 to $685.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Citigroup lowered their price objective on shares of Deere & Company from $625.00 to $595.00 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $639.58.
Read Our Latest Stock Analysis on DE
Deere & Company Profile
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.
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