Childress Capital Advisors LLC Boosts Stake in Deere & Company (NYSE:DE)

Childress Capital Advisors LLC boosted its holdings in Deere & Company (NYSE:DE) by 8.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 751 shares of the industrial products company’s stock after buying an additional 56 shares during the period. Childress Capital Advisors LLC’s holdings in Deere & Company were worth $353,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in Deere & Company in the 4th quarter worth $34,000. Mascagni Wealth Management Inc. purchased a new stake in Deere & Company in the 4th quarter worth $39,000. Dogwood Wealth Management LLC purchased a new stake in Deere & Company in the 4th quarter worth $42,000. Wood Tarver Financial Group LLC purchased a new position in shares of Deere & Company during the fourth quarter valued at about $43,000. Finally, Marquette Asset Management LLC purchased a new position in shares of Deere & Company during the first quarter valued at about $49,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

DE has been the subject of a number of research analyst reports. Evercore ISI raised their price objective on Deere & Company from $455.00 to $493.00 and gave the company an “in-line” rating in a research report on Monday, May 19th. Bank of America raised their price objective on Deere & Company from $495.00 to $556.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Barclays raised their price objective on Deere & Company from $475.00 to $530.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. Robert W. Baird raised their price objective on Deere & Company from $501.00 to $514.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. raised their price objective on Deere & Company from $490.00 to $540.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $515.19.

Deere & Company Stock Down 0.8%

Shares of NYSE DE opened at $520.66 on Monday. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.11 and a quick ratio of 1.89. The company has a market cap of $141.01 billion, a P/E ratio of 25.19, a PEG ratio of 3.31 and a beta of 1.09. Deere & Company has a 1 year low of $340.20 and a 1 year high of $533.78. The firm has a 50-day simple moving average of $495.13 and a two-hundred day simple moving average of $470.82.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping analysts’ consensus estimates of $5.72 by $0.92. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The company had revenue of $11.17 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the firm posted $8.53 earnings per share. Deere & Company’s revenue for the quarter was down 17.9% compared to the same quarter last year. Research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be given a $1.62 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.24%. Deere & Company’s dividend payout ratio (DPR) is currently 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.