BlueCrest Capital Management Ltd Purchases Shares of 1,641 Deere & Company $DE

BlueCrest Capital Management Ltd purchased a new position in shares of Deere & Company (NYSE:DE) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,641 shares of the industrial products company’s stock, valued at approximately $1,041,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DE. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Deere & Company in the second quarter valued at $27,000. Kilter Group LLC acquired a new stake in Deere & Company in the second quarter valued at $29,000. Solstein Capital LLC bought a new position in shares of Deere & Company in the 2nd quarter valued at about $30,000. Orion Capital Management LLC acquired a new position in shares of Deere & Company during the 2nd quarter worth about $32,000. Finally, Markowski Investments bought a new stake in shares of Deere & Company in the 2nd quarter valued at about $34,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 0.5%

Deere & Company stock opened at $677.52 on Thursday. The stock has a market cap of $182.67 billion, a P/E ratio of 37.64, a P/E/G ratio of 2.81 and a beta of 0.90. The company has a quick ratio of 1.89, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. Deere & Company has a twelve month low of $433.00 and a twelve month high of $705.88. The company’s 50-day moving average price is $622.35 and its two-hundred day moving average price is $597.71.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.The company had revenue of $12.61 billion during the quarter, compared to analysts’ expectations of $10.81 billion. During the same quarter in the previous year, the company posted $4.75 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. As a group, analysts expect that Deere & Company will post 18.12 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Wednesday, September 30th will be paid a $1.62 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 annualized dividend and a yield of 1.0%. Deere & Company’s payout ratio is 36.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DE shares. Wall Street Zen cut Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Robert W. Baird raised Deere & Company from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $640.00 to $800.00 in a research report on Monday, August 31st. JPMorgan Chase & Co. lifted their target price on Deere & Company from $570.00 to $585.00 and gave the stock a “neutral” rating in a research note on Friday, August 21st. Raymond James Financial boosted their target price on Deere & Company from $700.00 to $730.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. Finally, Oppenheimer increased their price target on Deere & Company from $680.00 to $685.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Sixteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Deere & Company has a consensus rating of “Moderate Buy” and an average target price of $680.73.

Deere & Company Profile

Deere & Company, operating under the John Deere brand, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. Its products include tractors, combines, harvesters, planters, sprayers, loaders, excavators, skid steers, forestry machines, commercial mowing equipment and compact utility tractors. The company also develops precision agriculture and construction technologies, including machine guidance, automation, data-management and connected-equipment solutions.

Founded by blacksmith John Deere in 1837, the company has grown from its original steel plow business into a diversified equipment and technology provider.