PBU The Pension Fund of Early Childhood & Youth Educators Acquires New Position in Deere & Company $DE

by · The Markets Daily

PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in Deere & Company (NYSE:DE – Free Report) in the 4th quarter, Holdings Channel.com reports. The firm acquired 27,951 shares of the industrial products company’s stock, valued at approximately $13,013,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Strategic Advocates LLC acquired a new stake in shares of Deere & Company in the third quarter valued at about $25,000. Key Capital Management INC acquired a new stake in shares of Deere & Company in the fourth quarter valued at about $27,000. McIlrath & Eck LLC acquired a new position in Deere & Company during the fourth quarter worth about $30,000. Wealth Watch Advisors INC acquired a new position in Deere & Company during the third quarter worth about $32,000. Finally, Tucker Asset Management LLC acquired a new position in Deere & Company during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

DE has been the subject of a number of research reports. Robert W. Baird cut their target price on shares of Deere & Company from $580.00 to $525.00 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Jefferies Financial Group upgraded shares of Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 target price for the company in a research report on Wednesday, April 8th. Morgan Stanley lifted their target price on shares of Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Sanford C. Bernstein lifted their target price on shares of Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Finally, Barclays lifted their target price on shares of Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Deere & Company presently has a consensus rating of “Moderate Buy” and an average price target of $639.58.

Check Out Our Latest Stock Report on DE

Deere & Company Stock Performance

NYSE:DE opened at $583.80 on Friday. The firm has a 50 day simple moving average of $572.86 and a 200-day simple moving average of $545.60. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. The firm has a market cap of $157.59 billion, a PE ratio of 33.08, a P/E/G ratio of 2.20 and a beta of 0.92. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19.

Deere & Company (NYSE:DE – Get Free Report) last posted its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, beating analysts’ consensus estimates of $5.70 by $0.85. The business had revenue of $13.37 billion during the quarter, compared to analyst estimates of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.64 earnings per share. On average, equities analysts expect that Deere & Company will post 18.08 EPS for the current year.

Deere & Company Announces Dividend

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

About Deere & Company

(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.

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