1,043 Shares in Deere & Company $DE Purchased by Karras Company Inc.

Karras Company Inc. purchased a new position in shares of Deere & Company (NYSE:DEFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,043 shares of the industrial products company’s stock, valued at approximately $486,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Strategic Advocates LLC purchased a new position in shares of Deere & Company during the third quarter worth about $25,000. Key Capital Management INC purchased a new stake in Deere & Company in the 4th quarter valued at approximately $27,000. McIlrath & Eck LLC purchased a new stake in Deere & Company in the 4th quarter valued at approximately $30,000. Activest Wealth Management boosted its holdings in Deere & Company by 69.2% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 27 shares in the last quarter. Finally, Wealth Watch Advisors INC purchased a new stake in Deere & Company in the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Key Stories Impacting Deere & Company

Here are the key news stories impacting Deere & Company this week:

Analysts Set New Price Targets

DE has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on Deere & Company from $460.00 to $500.00 and gave the company a “market perform” rating in a report on Friday, February 20th. Royal Bank Of Canada lifted their price objective on Deere & Company from $541.00 to $736.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. UBS Group lifted their price objective on Deere & Company from $535.00 to $775.00 and gave the company a “buy” rating in a report on Friday, February 20th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $715.00 price objective on shares of Deere & Company in a report on Friday, February 20th. Fifteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Deere & Company has an average rating of “Moderate Buy” and an average target price of $643.98.

View Our Latest Stock Report on DE

Deere & Company Price Performance

Shares of NYSE:DE opened at $529.88 on Friday. The business’s 50 day simple moving average is $576.52 and its 200-day simple moving average is $539.80. The firm has a market capitalization of $143.13 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 1.85 and a beta of 0.96. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.96. Deere & Company has a 12 month low of $433.00 and a 12 month high of $674.19.

Deere & Company (NYSE:DEGet Free Report) last announced its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, topping the consensus estimate of $5.70 by $0.85. The business had revenue of $11.78 billion for the quarter, compared to analyst estimates of $11.55 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.64 EPS. As a group, equities analysts forecast that Deere & Company will post 18.01 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

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

Deere & Company Profile

(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.

Featured Stories

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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