1,221 Shares in Deere & Company $DE Acquired by Shepherd Street Advisors LLC

Shepherd Street Advisors LLC acquired a new position in Deere & Company (NYSE:DEFree Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,221 shares of the industrial products company’s stock, valued at approximately $568,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Strategic Advocates LLC bought a new position in Deere & Company in the 3rd quarter worth approximately $25,000. Key Capital Management INC bought a new position in Deere & Company during the 4th quarter valued at $27,000. McIlrath & Eck LLC bought a new position in Deere & Company during the 4th quarter valued at $30,000. Wealth Watch Advisors INC bought a new position in Deere & Company during the 3rd quarter valued at $32,000. Finally, Tucker Asset Management LLC bought a new position in Deere & Company during the 4th quarter valued at $34,000. 68.58% of the stock is owned by institutional investors.

More Deere & Company News

Here are the key news stories impacting Deere & Company this week:

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Jefferies Financial Group raised Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 price target for the company in a research note on Wednesday, April 8th. Sanford C. Bernstein increased their price target on Deere & Company from $521.00 to $615.00 and gave the company a “market perform” rating in a research note on Friday, February 20th. Wells Fargo & Company increased their price target on Deere & Company from $543.00 to $750.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, DA Davidson cut their price objective on Deere & Company from $775.00 to $685.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $638.08.

View Our Latest Report on DE

Deere & Company Price Performance

Shares of NYSE:DE opened at $578.97 on Wednesday. Deere & Company has a one year low of $433.00 and a one year high of $674.19. The stock has a fifty day moving average of $571.78 and a 200-day moving average of $542.99. The company has a market capitalization of $156.29 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 2.01 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.

Deere & Company (NYSE:DEGet Free Report) last announced its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, beating analysts’ consensus estimates of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The company had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $11.55 billion. During the same quarter in the prior year, the firm earned $6.64 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts anticipate that Deere & Company will post 18.08 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be issued a $1.62 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. Deere & Company’s dividend payout ratio is presently 36.71%.

Deere & Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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