Kowal Investment Group LLC lifted its position in Deere & Company (NYSE: DE – Get Rating) by 10.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 925 shares of the industrial products company stock after acquiring an additional 85 shares during the period. Kowal Investment Group LLC’s holdings in Deere & Company were worth $ 384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of DE. Bell Investment Advisors Inc boosted its stake in Deere & Company by 120.0% during the fourth quarter. Bell Investment Advisors Inc now owns 88 shares of the industrial products company stock worth $ 30,000 after buying an additional 48 shares during the last quarter. First National Bank of South Miami acquired a new position in Deere & Company during the fourth quarter worth $ 34,000. Amplius Wealth Advisors LLC acquired a new position in Deere & Company during the fourth quarter worth $ 34,000. Crewe Advisors LLC boosted its stake in Deere & Company by 3,233.3% during the fourth quarter. Crewe Advisors LLC now owns 100 shares of the industrial products company stock worth $ 34,000 after buying an additional 97 shares during the last quarter. Finally, Sierra Capital LLC boosted its stake in Deere & Company by 183.3% during the fourth quarter. Sierra Capital LLC now owns 102 shares of the industrial products company stock worth $ 35,000 after buying an additional 66 shares during the last quarter. 67.35% of the stock is currently owned by hedge funds and other institutional investors.
In other Deere & Company news, insider John H. Stone sold 17,145 shares of the company stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $ 4,321.07, for a total transaction of $ 74,084,745.15. Following the sale, the insider now owns 21,087 shares in the company, valued at approximately $ 91,118,403.09. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.24% of the stock is owned by corporate insiders.
A number of research firms have weighed in on DE. Robert W. Baird lowered their price objective on Deere & Company from $ 487.00 to $ 442.00 and set an “outperform” rating on the stock in a research note on Sunday, May 22nd. Barclays decreased their price target on Deere & Company from $ 415.00 to $ 400.00 and set an “overweight” rating on the stock in a research note on Monday, May 23rd. Oppenheimer decreased their price target on Deere & Company from $ 446.00 to $ 419.00 and set an “outperform” rating on the stock in a research note on Monday, May 23rd. Bank of America lowered Deere & Company from a “buy” rating to a “neutral” rating and decreased their price target for the company from $ 475.00 to $ 450.00 in a research note on Monday, April 25th. Finally, DA Davidson decreased their price target on Deere & Company from $ 480.00 to $ 445.00 and set a “buy” rating on the stock in a research note on Monday, May 23rd. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $ 429.06.
DE stock opened at $ 310.87 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.76 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $ 95.01 billion, a PE ratio of 16.22, a P / E / G ratio of 1.02 and a beta of 1.02. Deere & Company has a 12-month low of $ 295.59 and a 12-month high of $ 446.76. The business’s fifty day moving average price is $ 361.92 and its 200 day moving average price is $ 374.59.
Deere & Company (NYSE: DE – Get Rating) last posted its quarterly earnings data on Friday, May 20th. The industrial products company reported $ 6.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 6.71 by $ 0.10. Deere & Company had a return on equity of 33.58% and a net margin of 12.99%. The firm had revenue of $ 12.03 billion for the quarter, compared to the estimate consensus of $ 13.16 billion. During the same quarter in the previous year, the business earned $ 5.68 EPS. The company quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts predict that Deere & Company will post 23.27 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 8th. Shareholders of record on Thursday, June 30th will be issued a dividend of $ 1.13 per share. This is an increase from Deere & Company’s previous quarterly dividend of $ 1.05. The ex-dividend date is Wednesday, June 29th. This represents a $ 4.52 annualized dividend and a yield of 1.45%. Deere & Company’s dividend payout ratio is 21.91%.
Deere & Company Profile: (Get Rating)
Deere & Company manufactures and distributes 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 mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, 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.
Recommended Stories:
Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE: DE – Get Rating).
Receive News & Ratings for Deere & Company Daily: – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Deere & Company and related companies with MarketBeat.com’s FREE daily email newsletter.
.