Cranbrook Wealth Management LLC Has $642,000 Stock Holdings in Deere & Company $DE

Cranbrook Wealth Management LLC grew its stake in shares of Deere & Company (NYSE:DE) by 6,800.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,380 shares of the industrial products company’s stock after purchasing an additional 1,360 shares during the quarter. Cranbrook Wealth Management LLC’s holdings in Deere & Company were worth $642,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Csenge Advisory Group boosted its stake in shares of Deere & Company by 84.9% during the 3rd quarter. Csenge Advisory Group now owns 7,440 shares of the industrial products company’s stock worth $3,402,000 after acquiring an additional 3,416 shares during the period. Compagnie Lombard Odier SCmA boosted its stake in shares of Deere & Company by 66.1% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 27,568 shares of the industrial products company’s stock worth $12,606,000 after acquiring an additional 10,974 shares during the period. Ashton Thomas Private Wealth LLC boosted its stake in shares of Deere & Company by 263.8% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 17,308 shares of the industrial products company’s stock worth $7,942,000 after acquiring an additional 12,551 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Deere & Company by 14.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 21,174 shares of the industrial products company’s stock worth $9,682,000 after acquiring an additional 2,702 shares during the period. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Deere & Company by 2.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 110,328 shares of the industrial products company’s stock worth $50,449,000 after acquiring an additional 2,373 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Morgan Stanley lifted their target price on Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a research note on Monday, December 29th. Royal Bank Of Canada lifted their target price on Deere & Company from $541.00 to $736.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Raymond James Financial restated an “outperform” rating and issued a $765.00 price target on shares of Deere & Company in a research note on Monday, February 23rd. Finally, Oppenheimer restated an “outperform” rating and issued a $715.00 price target on shares of Deere & Company in a research note on Friday, February 20th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $655.45.

Deere & Company Stock Performance

DE opened at $580.27 on Thursday. The business has a fifty day simple moving average of $594.50 and a 200 day simple moving average of $524.44. The company has a market capitalization of $156.74 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 2.05 and a beta of 0.98. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.21 and a quick ratio of 1.96.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.52. The business had revenue of $9.61 billion during the quarter, compared to the consensus estimate of $7.50 billion. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.19 EPS. Research analysts expect that Deere & Company will post 18 EPS for the current year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, March 31st. Deere & Company’s dividend payout ratio is presently 36.53%.

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.