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

Valley Brook Capital Group Inc. raised its holdings in shares of Deere & Company (NYSE:DE) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 approximately 1.6% of Valley Brook Capital Group Inc.’s portfolio, making the stock its 12th largest position. Valley Brook Capital Group Inc.’s holdings in Deere & Company were worth $1,877,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DE. Briaud Financial Planning Inc purchased a new position in Deere & Company in the 3rd quarter worth approximately $25,000. Rakuten Securities Inc. bought a new position in shares of Deere & Company in the fourth quarter worth approximately $28,000. Naples Money Management LLC purchased a new position in shares of Deere & Company in the fourth quarter worth $29,000. Bfsg LLC bought a new stake in Deere & Company during the 4th quarter valued at $30,000. Finally, ZRC Wealth Management LLC purchased a new stake in Deere & Company during the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 1.3 %

DE traded up $5.00 on Friday, hitting $400.96. The company had a trading volume of 1,626,960 shares, compared to its average volume of 1,337,641. The business’s fifty day simple moving average is $391.45 and its 200 day simple moving average is $383.87. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81. Deere & Company has a 12-month low of $345.55 and a 12-month high of $450.00. The company has a market cap of $111.61 billion, a PE ratio of 11.68, a PEG ratio of 1.51 and a beta of 1.04.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. The firm had revenue of $10.49 billion during the quarter, compared to analysts’ expectations of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The company’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.55 EPS. Equities research analysts expect that Deere & Company will post 27.37 EPS for the current year.

Deere & Company Announces Dividend

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

Wall Street Analysts Forecast Growth

DE has been the subject of several recent analyst reports. Stifel Nicolaus lowered their price objective on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Truist Financial initiated coverage on Deere & Company in a report on Thursday, March 14th. They issued a “buy” rating and a $494.00 price objective for the company. Citigroup reduced their target price on Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Melius lowered Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $433.28.

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.