950 Shares in Deere & Company $DE Bought by Eubel Brady & Suttman Asset Management Inc.

Eubel Brady & Suttman Asset Management Inc. acquired a new stake in Deere & Company (NYSE:DE) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 950 shares of the industrial products company’s stock, valued at approximately $434,000.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Deere & Company during the 2nd quarter valued at approximately $1,578,243,000. Marshall Wace LLP boosted its position in Deere & Company by 573.9% in the second quarter. Marshall Wace LLP now owns 842,882 shares of the industrial products company’s stock valued at $428,597,000 after buying an additional 717,808 shares in the last quarter. Laurel Wealth Advisors LLC boosted its position in Deere & Company by 50,691.9% in the second quarter. Laurel Wealth Advisors LLC now owns 332,179 shares of the industrial products company’s stock valued at $168,910,000 after buying an additional 331,525 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Deere & Company by 1.4% during the second quarter. Vanguard Group Inc. now owns 22,372,671 shares of the industrial products company’s stock worth $11,376,279,000 after buying an additional 309,081 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in shares of Deere & Company by 26.8% during the second quarter. Loomis Sayles & Co. L P now owns 1,386,321 shares of the industrial products company’s stock worth $704,930,000 after buying an additional 292,932 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada reduced their price objective on Deere & Company from $542.00 to $541.00 and set an “outperform” rating on the stock in a research report on Friday, November 28th. JPMorgan Chase & Co. reduced their price target on Deere & Company from $480.00 to $460.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $460.00 price objective on shares of Deere & Company in a research note on Tuesday, December 9th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Deere & Company in a research report on Monday, December 1st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a report on Monday, December 29th. Fifteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Deere & Company currently has an average rating of “Moderate Buy” and an average price target of $524.20.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $613.47 on Thursday. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 1.68. The business has a 50-day moving average price of $502.71 and a two-hundred day moving average price of $486.03. Deere & Company has a 1-year low of $404.42 and a 1-year high of $614.34. The company has a market cap of $166.29 billion, a P/E ratio of 33.14, a PEG ratio of 2.37 and a beta of 1.02.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). Deere & Company had a net margin of 11.00% and a return on equity of 20.54%. The business had revenue of $12.39 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period in the prior year, the firm earned $4.55 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Wednesday, December 31st were paid a $1.62 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. Deere & Company’s payout ratio is currently 35.01%.

Insiders Place Their Bets

In other news, CEO John C. May II sold 41,472 shares of the company’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the transaction, the chief executive officer owned 117,970 shares in the company, valued at approximately $59,160,775.30. This represents a 26.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cory J. Reed sold 12,000 shares of the stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the transaction, the insider directly owned 20,792 shares in the company, valued at $10,603,920. This trade represents a 36.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 64,578 shares of company stock worth $32,471,682 in the last quarter. 0.29% of the stock is owned by corporate insiders.

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.