Cambient Family Office LLC Invests $7.43 Million in Deere & Company $DE

Cambient Family Office LLC purchased a new position in shares of Deere & Company (NYSE:DE) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 15,898 shares of the industrial products company’s stock, valued at approximately $7,427,000. Deere & Company comprises about 1.1% of Cambient Family Office LLC’s holdings, making the stock its 21st biggest position.

Other large investors also recently bought and sold shares of the company. Strategic Advocates LLC bought a new position in Deere & Company in the 3rd quarter valued at $25,000. Key Capital Management INC bought a new stake in shares of Deere & Company during the fourth quarter worth $27,000. Timmons Wealth Management LLC purchased a new stake in shares of Deere & Company during the fourth quarter valued at $29,000. McIlrath & Eck LLC purchased a new stake in shares of Deere & Company during the fourth quarter valued at $30,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Deere & Company in the third quarter worth about $32,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Up 0.3%

NYSE:DE opened at $590.37 on Friday. The company’s 50-day simple moving average is $574.09 and its 200-day simple moving average is $552.39. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. The stock has a market capitalization of $159.36 billion, a P/E ratio of 33.45, a P/E/G ratio of 2.18 and a beta of 0.92.

Deere & Company (NYSE:DE) last posted its quarterly earnings data 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. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The firm had revenue of $13.37 billion during the quarter, compared to analyst estimates of $11.55 billion. During the same quarter in the previous year, the business posted $6.64 EPS. Deere & Company’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts anticipate that Deere & Company will post 18.13 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Deere & Company’s payout ratio is currently 36.71%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Weiss Ratings raised shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Sanford C. Bernstein boosted their price objective on shares of Deere & Company from $521.00 to $615.00 and gave the company a “market perform” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. upped their target price on shares of Deere & Company from $560.00 to $590.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. BMO Capital Markets raised their target price on shares of Deere & Company from $460.00 to $500.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Finally, Bank of America lowered their price target on Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a report on Friday, May 22nd. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Deere & Company currently has an average rating of “Moderate Buy” and a consensus price target of $639.58.

Deere & 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.