Kavar Capital Partners Group LLC Has $4.12 Million Holdings in Deere & Company (NYSE:DE)

Kavar Capital Partners Group LLC lifted its position in shares of Deere & Company (NYSE:DE) by 1.6% during the 4th quarter, HoldingsChannel reports. The fund owned 9,726 shares of the industrial products company’s stock after purchasing an additional 151 shares during the period. Kavar Capital Partners Group LLC’s holdings in Deere & Company were worth $4,121,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Lighthouse Investment Partners LLC acquired a new position in shares of Deere & Company in the 2nd quarter worth approximately $237,000. Scientech Research LLC acquired a new position in Deere & Company in the second quarter valued at $799,000. Kathmere Capital Management LLC lifted its holdings in Deere & Company by 74.0% in the second quarter. Kathmere Capital Management LLC now owns 992 shares of the industrial products company’s stock valued at $371,000 after buying an additional 422 shares during the period. SkyView Investment Advisors LLC boosted its position in Deere & Company by 14.1% during the second quarter. SkyView Investment Advisors LLC now owns 1,030 shares of the industrial products company’s stock valued at $385,000 after acquiring an additional 127 shares during the last quarter. Finally, Ascent Group LLC grew its holdings in Deere & Company by 11.6% during the 2nd quarter. Ascent Group LLC now owns 1,620 shares of the industrial products company’s stock worth $605,000 after acquiring an additional 168 shares during the period. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Up 0.9 %

DE opened at $478.90 on Monday. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $479.48. The company’s 50-day moving average is $438.55 and its 200 day moving average is $406.44. The firm has a market capitalization of $130.43 billion, a P/E ratio of 18.71, a PEG ratio of 2.84 and a beta of 0.98. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.66. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. Deere & Company’s revenue was down 32.8% on a year-over-year basis. During the same period last year, the business posted $8.26 earnings per share. Research analysts expect that Deere & Company will post 19.34 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be paid a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a dividend yield of 1.35%. Deere & Company’s payout ratio is presently 25.31%.

Wall Street Analyst Weigh In

DE has been the topic of several research analyst reports. Truist Financial upped their target price on Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Jefferies Financial Group lowered shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective for the company. in a research note on Friday, December 6th. Oppenheimer increased their target price on shares of Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. lifted their price target on shares of Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. Finally, UBS Group increased their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $442.83.

About Deere & Company

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.