JB Capital LLC Has $310,000 Holdings in Deere & Company $DE

JB Capital LLC raised its position in Deere & Company (NYSE:DE) by 20.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 610 shares of the industrial products company’s stock after acquiring an additional 103 shares during the period. JB Capital LLC’s holdings in Deere & Company were worth $310,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Deere & Company by 0.8% during the first quarter. Vanguard Group Inc. now owns 22,063,590 shares of the industrial products company’s stock valued at $10,355,546,000 after buying an additional 185,671 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Deere & Company by 4.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company’s stock valued at $3,227,258,000 after buying an additional 286,253 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Deere & Company by 2.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,815,817 shares of the industrial products company’s stock valued at $852,254,000 after buying an additional 35,075 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Deere & Company by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,549,048 shares of the industrial products company’s stock valued at $727,046,000 after buying an additional 25,725 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Deere & Company by 23.4% during the first quarter. Invesco Ltd. now owns 1,353,255 shares of the industrial products company’s stock valued at $635,150,000 after buying an additional 256,806 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Robert W. Baird cut their target price on Deere & Company from $520.00 to $488.00 and set a “neutral” rating on the stock in a research report on Friday, August 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a research report on Wednesday. Truist Financial lifted their price target on Deere & Company from $602.00 to $609.00 and gave the stock a “buy” rating in a report on Wednesday. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Finally, Daiwa Capital Markets dropped their price target on Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Deere & Company currently has an average rating of “Moderate Buy” and a consensus target price of $513.88.

Deere & Company Stock Performance

Shares of DE opened at $446.76 on Friday. The firm has a market cap of $120.77 billion, a PE ratio of 23.35, a PEG ratio of 2.94 and a beta of 1.02. The stock’s fifty day moving average price is $479.15 and its two-hundred day moving average price is $488.35. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. Deere & Company has a 1 year low of $387.03 and a 1 year high of $533.78.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.62 by $0.13. The firm had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The business’s revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $6.29 earnings per share. On average, equities research analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be paid a $1.62 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.5%. Deere & Company’s payout ratio is presently 33.87%.

Deere & Company 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.