Juno Financial Group LLC Makes New Investment in Deere & Company $DE

Juno Financial Group LLC bought a new position in Deere & Company (NYSE:DE) in the fourth quarter, Holdings Channel reports. The firm bought 8,876 shares of the industrial products company’s stock, valued at approximately $4,133,000. Deere & Company makes up about 1.7% of Juno Financial Group LLC’s investment portfolio, making the stock its 15th largest position.

A number of other large investors have also bought and sold shares of the company. Teacher Retirement System of Texas increased its position in Deere & Company by 12.2% in the fourth quarter. Teacher Retirement System of Texas now owns 46,204 shares of the industrial products company’s stock worth $21,511,000 after buying an additional 5,022 shares during the last quarter. Cranbrook Wealth Management LLC increased its position in Deere & Company by 6,800.0% in the fourth quarter. Cranbrook Wealth Management LLC now owns 1,380 shares of the industrial products company’s stock worth $642,000 after buying an additional 1,360 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd increased its position in Deere & Company by 0.6% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,204,248 shares of the industrial products company’s stock worth $560,662,000 after buying an additional 7,605 shares during the last quarter. Tufton Capital Management grew its position in shares of Deere & Company by 1.8% in the fourth quarter. Tufton Capital Management now owns 2,582 shares of the industrial products company’s stock valued at $1,202,000 after purchasing an additional 46 shares in the last quarter. Finally, Harbour Trust & Investment Management Co grew its position in shares of Deere & Company by 1.0% in the fourth quarter. Harbour Trust & Investment Management Co now owns 30,012 shares of the industrial products company’s stock valued at $13,973,000 after purchasing an additional 307 shares in the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Price Performance

Deere & Company stock opened at $580.27 on Thursday. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The business has a 50-day simple moving average of $594.50 and a 200 day simple moving average of $524.44. The company has a quick ratio of 1.96, a current ratio of 2.21 and a debt-to-equity ratio of 1.59. The stock has a market cap of $156.74 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 2.05 and a beta of 0.98.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, topping the consensus estimate of $1.90 by $0.52. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The business had revenue of $9.61 billion during the quarter, compared to analysts’ expectations of $7.50 billion. During the same period in the previous year, the business earned $3.19 earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis. On average, research analysts forecast that Deere & Company will post 18 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, March 31st. Deere & Company’s dividend payout ratio is presently 36.53%.

Wall Street Analyst Weigh In

DE has been the subject of several recent research reports. Wells Fargo & Company lifted their price target on Deere & Company from $543.00 to $750.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Bank of America lifted their price target on Deere & Company from $502.00 to $672.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Robert W. Baird reduced their price target on Deere & Company from $675.00 to $580.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. UBS Group lifted 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. Finally, JPMorgan Chase & Co. lifted their price target on Deere & Company from $525.00 to $550.00 and gave the company a “neutral” rating in a research report on Friday, April 10th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $655.45.

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.