Deere & Company (NYSE:DE) Shares Bought by Everhart Financial Group Inc.

Everhart Financial Group Inc. grew its holdings in Deere & Company (NYSE:DE) by 8.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,060 shares of the industrial products company’s stock after acquiring an additional 153 shares during the quarter. Everhart Financial Group Inc.’s holdings in Deere & Company were worth $967,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Orion Capital Management LLC acquired a new position in Deere & Company during the 4th quarter valued at approximately $34,000. Mascagni Wealth Management Inc. acquired a new stake in Deere & Company during the 4th quarter worth about $39,000. Dogwood Wealth Management LLC purchased a new stake in Deere & Company during the 4th quarter valued at about $42,000. Wood Tarver Financial Group LLC acquired a new position in shares of Deere & Company in the fourth quarter valued at about $43,000. Finally, Sierra Ocean LLC purchased a new position in shares of Deere & Company in the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DE shares. UBS Group reduced their price target on shares of Deere & Company from $462.00 to $440.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Oppenheimer raised their target price on shares of Deere & Company from $513.00 to $555.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Morgan Stanley upped their price target on shares of Deere & Company from $450.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday, April 16th. Raymond James lifted their price objective on Deere & Company from $530.00 to $560.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Finally, Argus set a $510.00 target price on Deere & Company in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $515.19.

Deere & Company Stock Performance

NYSE DE opened at $517.01 on Friday. The stock has a market capitalization of $140.02 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 2.14 and a beta of 1.09. Deere & Company has a 12-month low of $340.20 and a 12-month high of $533.78. The business’s 50 day moving average is $485.29 and its two-hundred day moving average is $468.18. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, beating the consensus estimate of $5.72 by $0.92. The firm had revenue of $11.17 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The business’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same quarter last year, the business earned $8.53 earnings per share. Research analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.25%. Deere & Company’s dividend payout ratio is presently 31.35%.

Deere & Company Company Profile

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.