2,691 Shares in Deere & Company $DE Bought by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC purchased a new stake in shares of Deere & Company (NYSE:DE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,691 shares of the industrial products company’s stock, valued at approximately $1,253,000.

Several other institutional investors have also recently modified their holdings of the company. Strategic Advocates LLC acquired a new stake in shares of Deere & Company during the 3rd quarter valued at about $25,000. Key Capital Management INC acquired a new position in Deere & Company in the fourth quarter valued at $27,000. McIlrath & Eck LLC purchased a new stake in shares of Deere & Company in the fourth quarter valued at about $30,000. Activest Wealth Management grew its position in Deere & Company by 69.2% during the third quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock worth $30,000 after buying an additional 27 shares during the period. Finally, Wealth Watch Advisors INC acquired a new stake in shares of Deere & Company in the third quarter valued at approximately $32,000. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DE has been the topic of a number of recent analyst reports. Sanford C. Bernstein increased their price target on shares of Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a research note on Friday, February 20th. Royal Bank Of Canada boosted their price target on shares of Deere & Company from $541.00 to $736.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Raymond James Financial reissued an “outperform” rating and issued a $765.00 target price on shares of Deere & Company in a research report on Monday, February 23rd. Wolfe Research increased their target price on shares of Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Finally, Wall Street Zen upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Fifteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Deere & Company has an average rating of “Moderate Buy” and a consensus price target of $655.45.

Deere & Company Stock Performance

Shares of DE opened at $562.12 on Friday. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19. The stock has a 50-day moving average price of $580.96 and a 200-day moving average price of $537.02. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59. The company has a market cap of $151.83 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.52. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The business had revenue of $9.61 billion during the quarter, compared to analyst estimates of $7.50 billion. During the same period last year, the company earned $3.19 EPS. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. As a group, equities analysts forecast that Deere & Company will post 18.01 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Tuesday, March 31st were paid a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, March 31st. Deere & Company’s payout ratio is currently 36.53%.

About Deere & Company

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.