Kavar Capital Partners Group LLC Purchases 151 Shares of Deere & Company (NYSE:DE)

Kavar Capital Partners Group LLC raised its position in Deere & Company (NYSE:DE) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,726 shares of the industrial products company’s stock after purchasing an additional 151 shares during the period. Kavar Capital Partners Group LLC’s holdings in Deere & Company were worth $4,121,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Lighthouse Investment Partners LLC acquired a new position in shares of Deere & Company during the second quarter worth about $237,000. Scientech Research LLC bought a new stake in Deere & Company in the 2nd quarter valued at approximately $799,000. Kathmere Capital Management LLC boosted its position in Deere & Company by 74.0% during the 2nd quarter. Kathmere Capital Management LLC now owns 992 shares of the industrial products company’s stock worth $371,000 after acquiring an additional 422 shares during the last quarter. SkyView Investment Advisors LLC boosted its holdings in Deere & Company by 14.1% during the second quarter. SkyView Investment Advisors LLC now owns 1,030 shares of the industrial products company’s stock worth $385,000 after purchasing an additional 127 shares during the last quarter. Finally, Ascent Group LLC grew its position in Deere & Company by 11.6% in the second quarter. Ascent Group LLC now owns 1,620 shares of the industrial products company’s stock valued at $605,000 after purchasing an additional 168 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DE. JPMorgan Chase & Co. raised their price objective on Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a report on Wednesday, January 15th. UBS Group upped their price target on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Jefferies Financial Group lowered shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a research note on Friday, December 6th. Citigroup cut their target price on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Finally, Barclays boosted their price target on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $442.83.

Deere & Company Trading Up 0.9 %

DE stock opened at $478.90 on Monday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The company has a market capitalization of $130.43 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 2.84 and a beta of 0.98. Deere & Company has a 52 week low of $340.20 and a 52 week high of $479.48. The company’s 50-day simple moving average is $438.55 and its 200 day simple moving average is $406.44.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.66. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm’s quarterly revenue 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. As a group, sell-side analysts anticipate that Deere & Company will post 19.34 earnings per share for the current year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be given a dividend of $1.62 per share. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company’s payout ratio is currently 25.31%.

Deere & Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.