Deere & Company (NYSE:DE) Shares Purchased by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC increased its stake in shares of Deere & Company (NYSE:DE – Get Rating) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 943 shares of the industrial products company’s stock after buying an additional 48 shares during the period. Kavar Capital Partners Group LLC’s holdings in Deere & Company were worth $404,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Paragon Wealth Strategies LLC purchased a new position in shares of Deere & Company during the 4th quarter worth approximately $26,000. Worth Asset Management LLC acquired a new position in Deere & Company during the 1st quarter worth about $28,000. Riggs Asset Managment Co. Inc. lifted its stake in Deere & Company by 411.8% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 87 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 70 shares in the last quarter. Bell Investment Advisors Inc lifted its stake in Deere & Company by 64.3% during the 3rd quarter. Bell Investment Advisors Inc now owns 92 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 36 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in Deere & Company during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 75.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Bank of America cut their target price on shares of Deere & Company from $484.00 to $416.00 in a research note on Sunday, May 21st. Stifel Nicolaus cut their target price on shares of Deere & Company from $500.00 to $493.00 in a research note on Monday. Oppenheimer lowered their target price on Deere & Company from $492.00 to $436.00 in a research note on Monday. Deutsche Bank Aktiengesellschaft lowered their target price on Deere & Company from $440.00 to $392.00 in a research note on Monday. Finally, StockNews.com initiated coverage on Deere & Company in a research note on Thursday, May 18th. They set a “buy” rating for the company. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $443.86.

Deere & Company Stock Performance

Shares of DE traded up $2.53 during midday trading on Friday, reaching $357.41. 763,078 shares of the stock were exchanged, compared to its average volume of 1,634,484. The business’s 50-day moving average price is $382.18 and its 200 day moving average price is $408.66. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.96 and a quick ratio of 1.70. Deere & Company has a twelve month low of $283.81 and a twelve month high of $448.40. The company has a market capitalization of $105.91 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 0.87 and a beta of 1.03.

Deere & Company (NYSE:DE – Get Rating) last announced its earnings results on Friday, May 19th. The industrial products company reported $9.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.57 by $1.08. The business had revenue of $16.08 billion for the quarter, compared to analyst estimates of $14.87 billion. Deere & Company had a net margin of 15.00% and a return on equity of 43.11%. The company’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period last year, the firm posted $6.81 earnings per share. On average, sell-side analysts expect that Deere & Company will post 31.8 EPS for the current fiscal year.

Deere & Company Profile

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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.