Cambient Family Office LLC Invests $7.43 Million in Deere & Company $DE

Cambient Family Office LLC purchased a new stake in shares of Deere & Company (NYSE:DE) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,898 shares of the industrial products company’s stock, valued at approximately $7,427,000. Deere & Company comprises about 1.1% of Cambient Family Office LLC’s portfolio, making the stock its 21st biggest holding.

Other institutional investors also recently bought and sold shares of the company. Strategic Advocates LLC bought a new position in Deere & Company in the 3rd quarter worth $25,000. Key Capital Management INC bought a new position in shares of Deere & Company in the fourth quarter worth about $27,000. Timmons Wealth Management LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth about $29,000. McIlrath & Eck LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth about $30,000. Finally, Wealth Watch Advisors INC bought a new stake in Deere & Company during the 3rd quarter valued at approximately $32,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

DE stock opened at $590.37 on Friday. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The firm has a market capitalization of $159.36 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 2.18 and a beta of 0.92. The company has a fifty day simple moving average of $574.09 and a two-hundred day simple moving average of $552.39. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.70 by $0.85. The firm had revenue of $13.37 billion for the quarter, compared to analysts’ expectations of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $6.64 EPS. Analysts anticipate that Deere & Company will post 18.13 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, June 30th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, June 30th. Deere & Company’s dividend payout ratio is presently 36.71%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Bank of America lowered their price target on Deere & Company from $672.00 to $607.50 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Wells Fargo & Company lifted their price objective on shares of Deere & Company from $543.00 to $750.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Wolfe Research boosted their target price on shares of Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Raymond James Financial lowered their target price on shares of Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a report on Friday, May 22nd. Finally, DA Davidson dropped their target price on shares of Deere & Company from $775.00 to $685.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has an average rating of “Moderate Buy” and an average price target of $639.58.

Deere & Company Company Profile

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.