Cary Street Partners Financial LLC Grows Stock Holdings in Deere & Company $DE

Cary Street Partners Financial LLC increased its position in shares of Deere & Company (NYSE:DE) by 11.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,312 shares of the industrial products company’s stock after acquiring an additional 1,086 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Deere & Company were worth $4,801,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Strategic Advocates LLC purchased a new stake in Deere & Company during the 3rd quarter worth about $25,000. Key Capital Management INC purchased a new position in shares of Deere & Company in the 4th quarter valued at about $27,000. Activest Wealth Management increased its holdings in shares of 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 acquiring an additional 27 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Deere & Company during the 4th quarter worth about $30,000. Finally, Wealth Watch Advisors INC purchased a new stake in Deere & Company during the third quarter worth approximately $32,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

DE has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on Deere & Company from $560.00 to $730.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. DA Davidson reduced their price objective on shares of Deere & Company from $775.00 to $685.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Barclays upped their target price on shares of Deere & Company from $530.00 to $640.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. Wolfe Research lifted their price target on shares of Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Finally, Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Fifteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $639.83.

Deere & Company Price Performance

DE stock opened at $529.99 on Wednesday. The company has a market capitalization of $143.16 billion, a P/E ratio of 30.03, a PEG ratio of 1.84 and a beta of 0.96. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19. The business has a 50 day simple moving average of $574.42 and a 200-day simple moving average of $541.18. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, beating analysts’ consensus estimates of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The business had revenue of $11.78 billion for the quarter, compared to analysts’ expectations of $11.55 billion. During the same period in the previous year, the company posted $6.64 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts anticipate that Deere & Company will post 18.05 EPS for the current year.

Deere & Company Company Profile

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.