Osprey Private Wealth LLC Makes New $1.14 Million Investment in Deere & Company $DE

Osprey Private Wealth LLC acquired a new position in shares of Deere & Company (NYSE:DEFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,450 shares of the industrial products company’s stock, valued at approximately $1,141,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Advocates LLC purchased a new stake in shares of Deere & Company in the third quarter valued at about $25,000. Key Capital Management INC purchased a new stake in shares of Deere & Company in the fourth quarter valued at about $27,000. Activest Wealth Management raised its holdings in shares of Deere & Company by 69.2% in the third quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 27 shares during the last quarter. McIlrath & Eck LLC purchased a new stake in shares of Deere & Company in the fourth quarter valued at about $30,000. Finally, Wealth Watch Advisors INC bought a new position in Deere & Company during the third quarter valued at about $32,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on DE shares. Barclays increased their price target on shares of Deere & Company from $530.00 to $640.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. UBS Group increased their price target on shares of Deere & Company from $535.00 to $775.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Citigroup reduced their price target on shares of Deere & Company from $675.00 to $625.00 and set a “neutral” rating for the company in a research report on Monday, March 9th. Raymond James Financial restated an “outperform” rating and set a $765.00 price target on shares of Deere & Company in a research report on Monday, February 23rd. Finally, Sanford C. Bernstein increased their price target 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. Sixteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $655.45.

Get Our Latest Analysis on DE

Key Headlines Impacting Deere & Company

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Deere & Company Trading Down 1.0%

DE stock opened at $574.70 on Friday. The company has a market capitalization of $155.23 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. Deere & Company has a one year low of $433.00 and a one year high of $674.19. The company’s 50 day moving average price is $586.28 and its two-hundred day moving average price is $532.75. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.96 and a current ratio of 2.21.

Deere & Company (NYSE:DEGet Free Report) last issued its earnings results on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, topping the consensus estimate of $1.90 by $0.52. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The company had revenue of $9.61 billion for the quarter, compared to the consensus estimate of $7.50 billion. During the same period in the previous year, the firm earned $3.19 earnings per share. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. As a group, analysts predict that Deere & Company will post 18.01 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Tuesday, March 31st were issued a $1.62 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.1%. Deere & Company’s payout ratio is 36.53%.

About Deere & Company

(Free Report)

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.

See Also

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

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