Sunbeam Capital Management LLC purchased a new stake in Deere & Company (NYSE:DE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,023 shares of the industrial products company's stock, valued at approximately $433,000.
Several other large investors have also made changes to their positions in DE. Secure Asset Management LLC bought a new stake in Deere & Company during the fourth quarter worth approximately $358,000. Brighton Jones LLC boosted its position in Deere & Company by 39.1% during the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock worth $1,927,000 after purchasing an additional 1,278 shares during the period. Cornerstone Wealth Management LLC boosted its position in Deere & Company by 3.6% during the fourth quarter. Cornerstone Wealth Management LLC now owns 3,210 shares of the industrial products company's stock worth $1,360,000 after purchasing an additional 112 shares during the period. Southland Equity Partners LLC bought a new stake in Deere & Company during the fourth quarter worth approximately $217,000. Finally, Geneos Wealth Management Inc. boosted its position in Deere & Company by 11.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 11,079 shares of the industrial products company's stock worth $4,694,000 after purchasing an additional 1,119 shares during the period. Institutional investors own 68.58% of the company's stock.
Deere & Company Stock Performance
Shares of NYSE DE traded down $1.74 during trading hours on Wednesday, reaching $507.89. The stock had a trading volume of 739,835 shares, compared to its average volume of 1,405,844. The business's fifty day moving average is $473.84 and its two-hundred day moving average is $460.21. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The company has a market cap of $137.85 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 2.14 and a beta of 1.08. Deere & Company has a twelve month low of $340.20 and a twelve month high of $533.78.
Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, beating analysts' consensus estimates of $5.72 by $0.92. The business had revenue of $11.17 billion during the quarter, compared to analyst estimates of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. Deere & Company's revenue was down 17.9% on a year-over-year basis. During the same period in the prior year, the company posted $8.53 earnings per share. As a group, research analysts expect that Deere & Company will post 19.32 EPS for the current year.
Deere & Company Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.28%. Deere & Company's payout ratio is 31.35%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Oppenheimer upped their target price on Deere & Company from $513.00 to $555.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. BMO Capital Markets reaffirmed a "market perform" rating and set a $460.00 target price (up previously from $425.00) on shares of Deere & Company in a research report on Wednesday, May 21st. Argus set a $510.00 target price on Deere & Company in a research report on Friday, March 7th. Baird R W cut Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, Evercore ISI upped their target price on Deere & Company from $455.00 to $493.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $516.75.
Get Our Latest Analysis on DE
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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