Little House Capital LLC bought a new position in shares of Deere & Company (NYSE:DE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,150 shares of the industrial products company's stock, valued at approximately $1,009,000.
A number of other hedge funds have also recently added to or reduced their stakes in DE. Sunbelt Securities Inc. raised its stake in shares of Deere & Company by 2.4% during the 1st quarter. Sunbelt Securities Inc. now owns 925 shares of the industrial products company's stock worth $434,000 after buying an additional 22 shares in the last quarter. First Bancorp Inc ME raised its stake in shares of Deere & Company by 4.7% during the 1st quarter. First Bancorp Inc ME now owns 509 shares of the industrial products company's stock worth $239,000 after buying an additional 23 shares in the last quarter. World Equity Group Inc. raised its position in Deere & Company by 4.5% in the first quarter. World Equity Group Inc. now owns 552 shares of the industrial products company's stock worth $244,000 after acquiring an additional 24 shares in the last quarter. Coppell Advisory Solutions LLC raised its position in Deere & Company by 2.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,011 shares of the industrial products company's stock worth $432,000 after acquiring an additional 25 shares in the last quarter. Finally, Glen Eagle Advisors LLC raised its position in Deere & Company by 0.9% in the fourth quarter. Glen Eagle Advisors LLC now owns 2,936 shares of the industrial products company's stock worth $1,244,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 68.58% of the company's stock.
Deere & Company Stock Up 1.0%
Shares of DE stock traded up $4.93 on Friday, hitting $513.46. The stock had a trading volume of 1,835,337 shares, compared to its average volume of 1,379,474. The firm has a market capitalization of $139.06 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 3.23 and a beta of 1.09. The stock's 50 day moving average is $500.54 and its 200-day moving average is $472.74. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.89 and a current ratio of 2.11. Deere & Company has a 52-week low of $340.20 and a 52-week high of $533.78.
Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, beating analysts' consensus estimates of $5.72 by $0.92. The company had revenue of $11.17 billion during the quarter, compared to analysts' expectations of $10.80 billion. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The firm's revenue for the quarter was down 17.9% on a year-over-year basis. During the same period in the prior year, the company posted $8.53 EPS. As a group, research analysts expect that Deere & Company will post 19.32 earnings per share for the current year.
Deere & Company Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is currently 31.35%.
Analyst Ratings Changes
DE has been the subject of a number of research analyst reports. Barclays increased their target price on shares of Deere & Company from $475.00 to $530.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Morgan Stanley raised their price objective on Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. Citigroup dropped their price target on Deere & Company from $550.00 to $525.00 and set a "neutral" rating for the company in a research report on Friday, May 30th. Baird R W cut Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, Bank of America raised their target price on shares of Deere & Company from $495.00 to $556.00 and gave the company a "neutral" rating in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $515.19.
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About Deere & Company
(
Free Report)
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.
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