1,488 Shares in Deere & Company $DE Bought by Stableford Capital II LLC

Stableford Capital II LLC purchased a new stake in Deere & Company (NYSE:DE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,488 shares of the industrial products company’s stock, valued at approximately $944,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Key Capital Management INC acquired a new position in shares of Deere & Company during the fourth quarter valued at about $27,000. Timmons Wealth Management LLC acquired a new stake in shares of Deere & Company in the 4th quarter worth about $29,000. McIlrath & Eck LLC acquired a new stake in shares of Deere & Company in the 4th quarter worth about $30,000. Portus Wealth Advisors LLC bought a new position in Deere & Company in the 1st quarter valued at about $32,000. Finally, Wealth Watch Advisors INC bought a new position in Deere & Company in the 3rd quarter valued at about $32,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 2.3%

NYSE:DE opened at $606.16 on Tuesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18. The firm has a market cap of $163.63 billion, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 2.50 and a beta of 0.89. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The firm has a 50-day moving average price of $593.09 and a two-hundred day moving average price of $582.05.

Deere & Company (NYSE:DE) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $11.55 billion. During the same quarter last year, the firm earned $6.64 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts expect that Deere & Company will post 18.26 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, June 30th 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 of this dividend is Tuesday, June 30th. Deere & Company’s dividend payout ratio (DPR) is presently 36.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DE. Royal Bank Of Canada reissued an “outperform” rating and set a $752.00 price objective on shares of Deere & Company in a report on Monday, June 1st. Jefferies Financial Group upgraded Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 target price on the stock in a report on Wednesday, April 8th. JPMorgan Chase & Co. lifted their target price on Deere & Company from $560.00 to $590.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. Oppenheimer reiterated an “outperform” rating and set a $680.00 price target (down from $715.00) on shares of Deere & Company in a report on Wednesday, May 27th. Finally, Citigroup increased their price target on Deere & Company from $575.00 to $610.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $642.98.

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.