NBH Bank Makes New Investment in Deere & Company $DE

NBH Bank acquired a new position in Deere & Company (NYSE:DE) in the 2nd quarter, Holdings Channel reports. The firm acquired 1,649 shares of the industrial products company’s stock, valued at approximately $1,046,000.

Other hedge funds have also made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Deere & Company during the 2nd quarter worth $27,000. Kilter Group LLC purchased a new position in Deere & Company in the second quarter valued at about $29,000. Solstein Capital LLC purchased a new position in Deere & Company in the second quarter valued at about $30,000. Orion Capital Management LLC acquired a new position in shares of Deere & Company during the second quarter worth about $32,000. Finally, Markowski Investments acquired a new position in shares of Deere & Company during the second quarter worth about $34,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 0.2%

Shares of NYSE DE opened at $692.68 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10. Deere & Company has a 1 year low of $433.00 and a 1 year high of $705.88. The stock’s 50-day simple moving average is $619.13 and its 200-day simple moving average is $596.29. The firm has a market cap of $186.76 billion, a price-to-earnings ratio of 38.48, a PEG ratio of 2.86 and a beta of 0.90.

Deere & Company (NYSE:DE) last issued 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 firm had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same quarter in the prior year, the business posted $4.75 earnings per share. Deere & Company’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities analysts anticipate that Deere & Company will post 18.12 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

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

Wall Street Analyst Weigh In

DE has been the subject of a number of recent research reports. Weiss Ratings lowered Deere & Company from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Raymond James Financial boosted their price target on Deere & Company from $700.00 to $730.00 and gave the stock an “outperform” rating in a research report on Monday. Bank of America lowered their price objective on shares of Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Nomura upgraded shares of Deere & Company to a “buy” rating in a research note on Monday. Finally, UBS Group reduced their target price on shares of Deere & Company from $732.00 to $728.00 and set a “buy” rating on the stock in a research report on Friday, August 21st. Sixteen 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.com, Deere & Company has an average rating of “Moderate Buy” and an average price target of $680.73.

Deere & Company 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.