KLCM Advisors Inc. Acquires Shares of 4,400 Deere & Company $DE

KLCM Advisors Inc. acquired a new stake in Deere & Company (NYSE:DE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,400 shares of the industrial products company’s stock, valued at approximately $2,049,000.

Several other large investors also recently bought and sold shares of the company. Trek Financial LLC grew its position in Deere & Company by 19.9% in the fourth quarter. Trek Financial LLC now owns 4,844 shares of the industrial products company’s stock valued at $2,255,000 after acquiring an additional 805 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs grew its position in Deere & Company by 6.2% in the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 10,293 shares of the industrial products company’s stock valued at $4,792,000 after acquiring an additional 605 shares in the last quarter. Swiss Life Asset Management Ltd grew its position in Deere & Company by 10.0% in the fourth quarter. Swiss Life Asset Management Ltd now owns 48,525 shares of the industrial products company’s stock valued at $22,592,000 after acquiring an additional 4,394 shares in the last quarter. Family Legacy Inc. grew its position in Deere & Company by 0.3% in the fourth quarter. Family Legacy Inc. now owns 7,894 shares of the industrial products company’s stock valued at $3,675,000 after acquiring an additional 20 shares in the last quarter. Finally, Osprey Private Wealth LLC acquired a new stake in Deere & Company in the fourth quarter valued at approximately $1,141,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Performance

DE stock opened at $588.62 on Tuesday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.96 and a current ratio of 2.21. The stock has a market capitalization of $158.99 billion, a price-to-earnings ratio of 33.18, a PEG ratio of 2.01 and a beta of 0.96. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The stock’s fifty day moving average is $584.67 and its two-hundred day moving average is $534.45.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.52. The company had revenue of $9.61 billion for the quarter, compared to analysts’ expectations of $7.50 billion. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the business posted $3.19 earnings per share. On average, research analysts predict that Deere & Company will post 18.01 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, March 31st. Deere & Company’s dividend payout ratio (DPR) is presently 36.53%.

Wall Street Analysts Forecast Growth

DE has been the subject of several recent research reports. UBS Group increased their price objective on shares of Deere & Company from $535.00 to $775.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Robert W. Baird decreased their price target on shares of Deere & Company from $675.00 to $580.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. BMO Capital Markets raised their price target on shares of Deere & Company from $460.00 to $500.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Jefferies Financial Group raised shares of Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 price target for the company in a research report on Wednesday, April 8th. Finally, Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $655.45.

About Deere & Company

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.