977 Shares in Deere & Company $DE Acquired by Catalyst Investment Management LLC

Catalyst Investment Management LLC purchased a new position in shares of Deere & Company (NYSE:DE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 977 shares of the industrial products company’s stock, valued at approximately $455,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cambient Family Office LLC acquired a new stake in shares of Deere & Company in the fourth quarter valued at approximately $7,427,000. White Knight Strategic Wealth Advisors LLC acquired a new position in shares of Deere & Company in the 4th quarter valued at $356,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Deere & Company in the 4th quarter valued at $52,000. Compound Planning Inc. raised its position in Deere & Company by 7.1% in the 4th quarter. Compound Planning Inc. now owns 4,017 shares of the industrial products company’s stock valued at $1,870,000 after purchasing an additional 267 shares during the last quarter. Finally, Briggs Wealth Management Inc purchased a new stake in Deere & Company in the 4th quarter valued at $242,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

Shares of DE opened at $590.37 on Friday. The stock has a market capitalization of $159.36 billion, a P/E ratio of 33.45, a P/E/G ratio of 2.18 and a beta of 0.92. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The company’s fifty day moving average is $574.09 and its two-hundred day moving average is $552.39.

Deere & Company (NYSE:DE) last released 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 company had revenue of $13.37 billion during the quarter, compared to analysts’ expectations of $11.55 billion. During the same quarter last year, the business earned $6.64 EPS. The business’s revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts predict that Deere & Company will post 18.13 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, June 30th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Deere & Company’s dividend payout ratio is currently 36.71%.

Wall Street Analysts Forecast Growth

DE has been the topic of several research reports. Robert W. Baird lowered their price objective on shares of Deere & Company from $580.00 to $525.00 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. Barclays raised their price target on Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. UBS Group boosted their price target on Deere & Company from $535.00 to $775.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Morgan Stanley upped their price objective on Deere & Company from $560.00 to $730.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $752.00 price objective on shares of Deere & Company in a research report on Monday, June 1st. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Deere & Company has an average rating of “Moderate Buy” and an average target price of $639.58.

Deere & 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.