Valley Brook Capital Group Inc. Buys 223 Shares of Deere & Company (NYSE:DE)

Valley Brook Capital Group Inc. lifted its stake in Deere & Company (NYSE:DE) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,693 shares of the industrial products company’s stock after buying an additional 223 shares during the period. Deere & Company comprises 1.6% of Valley Brook Capital Group Inc.’s portfolio, making the stock its 12th biggest holding. Valley Brook Capital Group Inc.’s holdings in Deere & Company were worth $1,877,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley raised its stake in shares of Deere & Company by 1.3% in the 3rd quarter. Morgan Stanley now owns 5,089,159 shares of the industrial products company’s stock valued at $1,920,548,000 after buying an additional 65,006 shares in the last quarter. FMR LLC raised its position in Deere & Company by 6.6% in the third quarter. FMR LLC now owns 4,374,282 shares of the industrial products company’s stock worth $1,650,767,000 after purchasing an additional 269,571 shares in the last quarter. Northern Trust Corp lifted its stake in Deere & Company by 2.5% during the third quarter. Northern Trust Corp now owns 3,061,715 shares of the industrial products company’s stock worth $1,155,430,000 after purchasing an additional 73,601 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Deere & Company by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,539,699 shares of the industrial products company’s stock worth $581,052,000 after purchasing an additional 33,946 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in Deere & Company by 11.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,480,725 shares of the industrial products company’s stock valued at $592,098,000 after purchasing an additional 149,980 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Performance

Shares of NYSE DE traded up $5.00 during trading hours on Friday, reaching $400.96. 1,626,960 shares of the stock were exchanged, compared to its average volume of 1,337,641. The firm has a market capitalization of $111.61 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 1.51 and a beta of 1.04. The stock’s fifty day simple moving average is $391.45 and its 200 day simple moving average is $383.87. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05. Deere & Company has a 52 week low of $345.55 and a 52 week high of $450.00.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, topping the consensus estimate of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The firm had revenue of $10.49 billion for the quarter, compared to analysts’ expectations of $10.30 billion. During the same quarter last year, the business earned $6.55 EPS. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. Sell-side analysts predict that Deere & Company will post 27.37 EPS for the current year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a yield of 1.47%. Deere & Company’s payout ratio is 17.12%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Citigroup cut their price objective on Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a report on Friday, February 16th. JPMorgan Chase & Co. boosted their price target on shares of Deere & Company from $415.00 to $425.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Melius Research reaffirmed a “hold” rating on shares of Deere & Company in a report on Monday, January 8th. Wells Fargo & Company decreased their price target on Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a research report on Friday, February 16th. Finally, Stifel Nicolaus cut their price objective on Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $433.28.

Deere & Company Company Profile

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.