NCM Capital Management LLC Invests $204,000 in Deere & Company (NYSE:DE)

NCM Capital Management LLC bought a new stake in shares of Deere & Company (NYSE:DE) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 489 shares of the industrial products company’s stock, valued at approximately $204,000.

Other institutional investors have also added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new position in shares of Deere & Company in the 2nd quarter valued at $26,000. Livelsberger Financial Advisory purchased a new position in shares of Deere & Company in the third quarter worth about $32,000. Olistico Wealth LLC acquired a new stake in shares of Deere & Company during the second quarter worth about $37,000. Centennial Bank AR increased its holdings in Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after buying an additional 84 shares during the period. Finally, Briaud Financial Planning Inc raised its position in Deere & Company by 73.5% during the 2nd quarter. Briaud Financial Planning Inc now owns 118 shares of the industrial products company’s stock worth $44,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

NYSE:DE opened at $466.21 on Friday. The firm has a market cap of $127.56 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 1.99 and a beta of 0.93. The stock has a 50 day moving average of $413.25 and a two-hundred day moving average of $388.48. Deere & Company has a 12 month low of $340.20 and a 12 month high of $469.39. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping the consensus estimate of $3.90 by $0.65. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm’s revenue for the quarter was down 32.8% on a year-over-year basis. During the same period in the previous year, the business earned $8.26 earnings per share. On average, analysts expect that Deere & Company will post 19.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. HSBC cut shares of Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, August 19th. Barclays boosted their price objective on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. lifted their price target on Deere & Company from $420.00 to $450.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. UBS Group upped their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Finally, BMO Capital Markets assumed coverage on shares of Deere & Company in a research note on Friday, August 9th. They issued a “market perform” rating and a $400.00 target price for the company. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $436.41.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.