Vestor Capital LLC Purchases New Stake in Deere & Company $DE

Vestor Capital LLC purchased a new position in Deere & Company (NYSE:DE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 833 shares of the industrial products company’s stock, valued at approximately $559,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Baxter Bros Inc. bought a new stake in shares of Deere & Company during the second quarter valued at approximately $1,707,000. Global Retirement Partners LLC purchased a new stake in Deere & Company during the second quarter valued at $3,890,000. Nykredit A S bought a new stake in shares of Deere & Company during the 2nd quarter valued at about $44,378,000. TRB Wealth Management LLC purchased a new stake in shares of Deere & Company during the 2nd quarter valued at about $623,000. Finally, NewEdge Advisors LLC increased its position in shares of Deere & Company by 11.8% during the 2nd quarter. NewEdge Advisors LLC now owns 43,459 shares of the industrial products company’s stock valued at $27,567,000 after purchasing an additional 4,586 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 2.7%

Shares of DE stock opened at $689.80 on Tuesday. Deere & Company has a 52-week low of $455.90 and a 52-week high of $721.22. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10. The firm has a market capitalization of $185.98 billion, a PE ratio of 38.32, a PEG ratio of 1.92 and a beta of 0.89. The stock has a fifty day simple moving average of $668.20 and a two-hundred day simple moving average of $608.94.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The business had revenue of $12.61 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same period last year, the firm earned $4.75 earnings per share. The business’s quarterly revenue was up 6.2% on a year-over-year basis. On average, analysts predict that Deere & Company will post 18.11 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 9th. Investors of record on Wednesday, September 30th were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is 36.00%.

Analyst Upgrades and Downgrades

DE has been the topic of several recent research reports. Raymond James Financial increased their price objective on shares of Deere & Company from $700.00 to $730.00 and gave the stock an “outperform” rating in a research note on Monday, August 31st. Royal Bank Of Canada restated an “outperform” rating and set a $752.00 target price on shares of Deere & Company in a research report on Monday, August 24th. Evercore raised shares of Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 target price for the company in a report on Wednesday, September 2nd. Nomura upgraded shares of Deere & Company to a “buy” rating in a research report on Monday, August 31st. Finally, Barclays increased their price target on shares of Deere & Company from $640.00 to $675.00 and gave the stock an “overweight” rating in a research report on Monday, August 24th. Seventeen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $688.10.

Deere & Company Profile