NEW YORK (TheStreet) -- Shares of Deere & Co. are higher by 1.88% to $91.61 at the start of trading on Wednesday morning, after it was revealed that Warren Buffett's Berkshire Hathaway had increased its stake in the agricultural and farming equipment manufacturer during the second half of last year. A filing with the SEC released on Tuesday night listed Berkshire Hathaway's stake of 17,096,886 shares, which is worth over $1.5 billion, CNBC.com reports. In the second quarter Berkshire Hathaway held 3.9 million shares of Deere and its holdings of the company were left out from its original third quarter filing after requesting confidentiality from the SEC in order to secretly build up its position. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. The SEC's confidential treatment expired on Tuesday and Hathaway's stake in Deere was made public. The SEC will sometimes grant confidential treatment in order for Buffett to build up a stake without "copycat buyers" pushing the price higher, CNBC.com said. Separately, TheStreet Ratings team rates DEERE & CO as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation: "We rate DEERE & CO (DE) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share." Highlights from the analysis by TheStreet Ratings Team goes as follows: The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Machinery industry and the overall market, DEERE & CO's return on equity significantly exceeds that of both the industry average and the S&P 500. Net operating cash flow has slightly increased to $2,843.80 million or 6.64% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -10.92%. DE, with its decline in revenue, slightly underperformed the industry average of 1.2%. Since the same quarter one year prior, revenues slightly dropped by 5.1%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share. In its most recent trading session, DE has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year. You can view the full analysis from the report here: DE Ratings Report STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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