Childress Capital Advisors LLC Purchases Shares of 299 Deere & Company (NYSE:DE)

Childress Capital Advisors LLC purchased a new stake in Deere & Company (NYSE:DE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 299 shares of the industrial products company’s stock, valued at approximately $80,000.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its position in shares of Deere & Company by 1.5% during the 4th quarter. BlackRock Inc. now owns 20,066,592 shares of the industrial products company’s stock worth $5,398,918,000 after purchasing an additional 292,485 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Deere & Company by 4.9% during the 4th quarter. JPMorgan Chase & Co. now owns 5,441,488 shares of the industrial products company’s stock worth $1,464,031,000 after purchasing an additional 253,994 shares during the last quarter. FMR LLC lifted its position in shares of Deere & Company by 37.8% during the 4th quarter. FMR LLC now owns 4,701,751 shares of the industrial products company’s stock worth $1,265,007,000 after purchasing an additional 1,289,219 shares during the last quarter. Norges Bank purchased a new stake in shares of Deere & Company during the 4th quarter worth $1,006,240,000. Finally, Northern Trust Corp lifted its position in shares of Deere & Company by 0.6% during the 4th quarter. Northern Trust Corp now owns 3,714,956 shares of the industrial products company’s stock worth $999,509,000 after purchasing an additional 22,735 shares during the last quarter. 66.77% of the stock is owned by institutional investors.

NYSE:DE opened at $374.79 on Thursday. The firm has a 50 day simple moving average of $357.42 and a 200-day simple moving average of $285.84. The company has a debt-to-equity ratio of 2.53, a current ratio of 2.24 and a quick ratio of 2.03. The firm has a market cap of $117.47 billion, a PE ratio of 43.08, a P/E/G ratio of 1.43 and a beta of 0.96. Deere & Company has a 1-year low of $117.85 and a 1-year high of $392.42.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 18th. The industrial products company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $1.70. The business had revenue of $8.05 billion during the quarter, compared to analyst estimates of $7.12 billion. Deere & Company had a net margin of 7.74% and a return on equity of 22.17%. The company’s revenue was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.63 earnings per share. As a group, sell-side analysts expect that Deere & Company will post 13.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 10th. Stockholders of record on Wednesday, March 31st will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Tuesday, March 30th. This is a positive change from Deere & Company’s previous quarterly dividend of $0.76. Deere & Company’s payout ratio is currently 41.43%.

Several brokerages recently commented on DE. Vertical Research began coverage on shares of Deere & Company in a research note on Wednesday, January 20th. They set a “buy” rating and a $345.00 price target on the stock. Argus lifted their price target on shares of Deere & Company from $280.00 to $380.00 and gave the stock a “buy” rating in a research note on Monday, March 1st. Barclays lifted their price objective on shares of Deere & Company from $330.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 22nd. Credit Suisse Group lifted their target price on shares of Deere & Company from $343.00 to $403.00 and gave the company an “outperform” rating in a report on Monday, March 1st. Finally, Citigroup lifted their target price on shares of Deere & Company from $325.00 to $375.00 and gave the company a “neutral” rating in a report on Wednesday, March 10th. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $320.20.

Deere & Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment provides various agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural solutions and precision technologies; and other outdoor power products.

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

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