Callan Capital LLC Acquires Shares of 527 Deere & Company (NYSE:DE)

Callan Capital LLC acquired a new stake in Deere & Company (NYSE:DE) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 527 shares of the industrial products company’s stock, valued at approximately $211,000.

A number of other institutional investors have also recently bought and sold shares of DE. Essex Savings Bank grew its stake in shares of Deere & Company by 0.5% during the 4th quarter. Essex Savings Bank now owns 5,367 shares of the industrial products company’s stock worth $2,146,000 after acquiring an additional 26 shares during the period. Valley National Advisers Inc. grew its stake in shares of Deere & Company by 1.5% during the 4th quarter. Valley National Advisers Inc. now owns 1,879 shares of the industrial products company’s stock worth $751,000 after acquiring an additional 27 shares during the period. Bleakley Financial Group LLC grew its stake in shares of Deere & Company by 0.5% during the 4th quarter. Bleakley Financial Group LLC now owns 5,158 shares of the industrial products company’s stock worth $2,063,000 after acquiring an additional 27 shares during the period. Simplicity Solutions LLC grew its stake in shares of Deere & Company by 0.5% during the 4th quarter. Simplicity Solutions LLC now owns 5,158 shares of the industrial products company’s stock worth $2,063,000 after acquiring an additional 27 shares during the period. Finally, SageView Advisory Group LLC grew its stake in shares of Deere & Company by 2.4% during the 3rd quarter. SageView Advisory Group LLC now owns 1,201 shares of the industrial products company’s stock worth $453,000 after acquiring an additional 28 shares during the period. Institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Down 0.2 %

DE traded down $0.73 on Friday, hitting $393.33. 998,338 shares of the company were exchanged, compared to its average volume of 1,243,125. The firm has a fifty day simple moving average of $387.86 and a two-hundred day simple moving average of $383.61. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00. The stock has a market capitalization of $109.49 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The business had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. During the same period last year, the company earned $6.55 EPS. Deere & Company’s revenue for the quarter was down 8.0% compared to the same quarter last year. Sell-side analysts expect that Deere & Company will post 27.37 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.88 annualized dividend and a yield of 1.49%. Deere & Company’s payout ratio is 17.12%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DE. Stifel Nicolaus cut their price target on Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Citigroup dropped their price objective on Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Wells Fargo & Company dropped their price objective on Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a report on Friday, February 16th. Melius cut Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Morgan Stanley began coverage on Deere & Company in a report on Monday, January 8th. They set an “overweight” rating and a $430.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Deere & Company currently has a consensus rating of “Hold” and an average price target of $433.28.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.