1,188 Shares in Deere & Company $DE Bought by Kane Co Wealth Management Inc.

Kane Co Wealth Management Inc. acquired a new position in shares of Deere & Company (NYSE:DE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,188 shares of the industrial products company’s stock, valued at approximately $553,000.

Other hedge funds have also added to or reduced their stakes in the company. Strategic Advocates LLC acquired a new stake in Deere & Company during the 3rd quarter worth $25,000. Key Capital Management INC acquired a new stake in Deere & Company during the 4th quarter worth $27,000. Activest Wealth Management raised its stake in Deere & Company by 69.2% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock worth $30,000 after buying an additional 27 shares during the period. McIlrath & Eck LLC acquired a new stake in Deere & Company during the 4th quarter worth $30,000. Finally, Wealth Watch Advisors INC acquired a new stake in Deere & Company during the 3rd quarter worth $32,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. JPMorgan Chase & Co. raised their price objective on Deere & Company from $525.00 to $550.00 and gave the stock a “neutral” rating in a research note on Friday, April 10th. UBS Group raised their price objective on Deere & Company from $535.00 to $775.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Robert W. Baird dropped their price objective on Deere & Company from $675.00 to $580.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Barclays lifted their price target on Deere & Company from $530.00 to $640.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. Finally, Morgan Stanley lifted their price target on Deere & Company from $560.00 to $730.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Fifteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $655.45.

Deere & Company Stock Performance

DE opened at $562.12 on Monday. The business’s 50-day moving average price is $580.96 and its two-hundred day moving average price is $537.44. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The company has a market capitalization of $151.83 billion, a price-to-earnings ratio of 31.69, a P/E/G ratio of 1.96 and a beta of 0.96. 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. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The firm had revenue of $9.61 billion for the quarter, compared to the consensus estimate of $7.50 billion. During the same quarter last year, the business posted $3.19 EPS. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. Equities analysts expect that Deere & Company will post 18.01 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st were paid a $1.62 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.2%. Deere & Company’s dividend payout ratio (DPR) is currently 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.