Dai ichi Life Insurance Company Ltd Acquires 3,060 Shares of Deere & Company (NYSE:DE)

Dai ichi Life Insurance Company Ltd raised its holdings in shares of Deere & Company (NYSE:DE) by 24.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 15,417 shares of the industrial products company’s stock after acquiring an additional 3,060 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Deere & Company were worth $6,434,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its position in shares of Deere & Company by 20.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 15,808 shares of the industrial products company’s stock valued at $5,906,000 after acquiring an additional 2,692 shares during the last quarter. Chase Investment Counsel Corp increased its position in shares of Deere & Company by 53.8% in the 3rd quarter. Chase Investment Counsel Corp now owns 4,000 shares of the industrial products company’s stock valued at $1,669,000 after buying an additional 1,400 shares in the last quarter. Balentine LLC bought a new stake in shares of Deere & Company in the 3rd quarter valued at $710,000. Douglass Winthrop Advisors LLC increased its position in shares of Deere & Company by 2.9% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 273,207 shares of the industrial products company’s stock valued at $114,017,000 after buying an additional 7,753 shares in the last quarter. Finally, Royal Fund Management LLC increased its position in shares of Deere & Company by 99.8% in the 3rd quarter. Royal Fund Management LLC now owns 6,454 shares of the industrial products company’s stock valued at $2,694,000 after buying an additional 3,223 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Down 0.3 %

Deere & Company stock opened at $461.15 on Wednesday. The firm has a 50-day moving average of $409.62 and a 200-day moving average of $386.98. Deere & Company has a one year low of $340.20 and a one year high of $469.39. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The company has a market cap of $126.17 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 1.75 and a beta of 0.93.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.90 by $0.65. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. During the same period last year, the business posted $8.26 EPS. Deere & Company’s revenue was down 32.8% on a year-over-year basis. On average, equities analysts expect that Deere & Company will post 21.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DE shares. Hsbc Global Res cut shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Morgan Stanley upped their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday. UBS Group upped their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Evercore ISI upped their target price on shares of Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a research note on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Thirteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Deere & Company currently has an average rating of “Hold” and a consensus target price of $433.00.

Deere & 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.