Jump Financial LLC Makes New Investment in Deere & Company (NYSE:DE)

Jump Financial LLC acquired a new stake in Deere & Company (NYSE:DE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 950 shares of the industrial products company’s stock, valued at approximately $380,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Essex Savings Bank increased its position in Deere & Company by 0.5% during the 4th quarter. Essex Savings Bank now owns 5,367 shares of the industrial products company’s stock valued at $2,146,000 after purchasing an additional 26 shares during the period. Valley National Advisers Inc. boosted its position in Deere & Company by 1.5% during the 4th quarter. Valley National Advisers Inc. now owns 1,879 shares of the industrial products company’s stock valued at $751,000 after acquiring an additional 27 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Deere & Company by 0.5% in the 4th quarter. Bleakley Financial Group LLC now owns 5,158 shares of the industrial products company’s stock valued at $2,063,000 after acquiring an additional 27 shares during the period. Simplicity Solutions LLC raised its position in shares of Deere & Company by 0.5% in the 4th quarter. Simplicity Solutions LLC now owns 5,158 shares of the industrial products company’s stock worth $2,063,000 after acquiring an additional 27 shares in the last quarter. Finally, Blue Chip Partners LLC lifted its stake in shares of Deere & Company by 2.3% during the 4th quarter. Blue Chip Partners LLC now owns 1,223 shares of the industrial products company’s stock worth $489,000 after purchasing an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Oppenheimer restated an “outperform” rating and issued a $456.00 target price on shares of Deere & Company in a research note on Thursday, May 16th. Wells Fargo & Company lowered their price target on Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a report on Friday, February 16th. DA Davidson cut their price objective on shares of Deere & Company from $483.00 to $465.00 and set a “buy” rating on the stock in a report on Monday, May 20th. TD Cowen lifted their target price on shares of Deere & Company from $383.00 to $390.00 and gave the stock a “hold” rating in a research note on Friday, May 17th. Finally, Daiwa Capital Markets upped their price target on shares of Deere & Company from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and an average target price of $432.92.

Deere & Company Trading Down 1.1 %

DE opened at $374.97 on Friday. The company has a quick ratio of 1.80, a current ratio of 2.01 and a debt-to-equity ratio of 1.81. Deere & Company has a 52 week low of $345.55 and a 52 week high of $450.00. The business’s 50 day moving average is $399.76 and its two-hundred day moving average is $386.40. The firm has a market cap of $104.38 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, May 16th. The industrial products company reported $8.53 EPS for the quarter, beating analysts’ consensus estimates of $7.86 by $0.67. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. The business had revenue of $13.61 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the prior year, the company earned $9.65 earnings per share. The business’s revenue was down 15.4% compared to the same quarter last year. On average, research analysts predict that Deere & Company will post 25.8 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Wednesday, March 27th. Deere & Company’s payout ratio is currently 17.70%.

About Deere & Company

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.