Claybrook Capital LLC Purchases Shares of 526 Deere & Company (DE)
Claybrook Capital LLC purchased a new stake in shares of Deere & Company (NYSE:DE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 526 shares of the industrial products company’s stock, valued at approximately $79,000.
Several other hedge funds have also modified their holdings of DE. Destination Wealth Management grew its stake in Deere & Company by 20,500.0% in the fourth quarter. Destination Wealth Management now owns 206 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 205 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Deere & Company by 14,550.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,214,983 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 5,179,386 shares in the last quarter. Legacy Financial Advisors Inc. grew its stake in Deere & Company by 155.9% in the fourth quarter. Legacy Financial Advisors Inc. now owns 238 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 145 shares in the last quarter. Athena Capital Advisors LLC purchased a new position in Deere & Company in the fourth quarter valued at about $36,000. Finally, Lavaca Capital LLC purchased a new position in Deere & Company in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 66.80% of the company’s stock.
A number of research analysts have commented on the company. Zacks Investment Research upgraded Deere & Company from a “hold” rating to a “buy” rating and set a $182.00 target price on the stock in a research note on Thursday, February 14th. UBS Group set a $177.00 target price on Deere & Company and gave the company a “buy” rating in a research note on Friday, November 23rd. Robert W. Baird set a $165.00 target price on Deere & Company and gave the company a “buy” rating in a research note on Friday, November 23rd. Citigroup lowered their target price on Deere & Company from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, February 19th. Finally, Cfra set a $158.00 target price on Deere & Company and gave the company a “hold” rating in a research note on Wednesday, November 21st. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Deere & Company presently has a consensus rating of “Buy” and an average price target of $176.73.
DE opened at $158.15 on Friday. The stock has a market cap of $50.37 billion, a PE ratio of 16.84, a P/E/G ratio of 1.66 and a beta of 0.91. Deere & Company has a 52-week low of $128.32 and a 52-week high of $167.82. The company has a quick ratio of 1.68, a current ratio of 1.98 and a debt-to-equity ratio of 2.46.
Deere & Company (NYSE:DE) last released its quarterly earnings results on Friday, February 15th. The industrial products company reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.22). The company had revenue of $6.94 billion for the quarter, compared to the consensus estimate of $6.83 billion. Deere & Company had a return on equity of 28.83% and a net margin of 8.85%. The business’s revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 EPS. On average, equities research analysts forecast that Deere & Company will post 11.23 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Friday, March 29th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $3.04 annualized dividend and a dividend yield of 1.92%. Deere & Company’s dividend payout ratio (DPR) is presently 32.37%.
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Deere & Company Profile
Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacturing of full line of agriculture and turf equipment and related service parts.
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