Asset Management One Co. Ltd. grew its holdings in shares of Deere & Company (NYSE:DE – Free Report) by 0.2% in the third quarter, HoldingsChannel.com reports. The fund owned 100,375 shares of the industrial products company’s stock after acquiring an additional 166 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Deere & Company were worth $41,889,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of DE. Fairscale Capital LLC acquired a new stake in Deere & Company during the 2nd quarter worth about $26,000. Pineridge Advisors LLC boosted its stake in Deere & Company by 725.0% during the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Livelsberger Financial Advisory acquired a new position in Deere & Company during the 3rd quarter valued at about $32,000. Olistico Wealth LLC acquired a new position in Deere & Company during the 2nd quarter valued at about $37,000. Finally, Centennial Bank AR boosted its stake in Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 84 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
DE has been the subject of several recent analyst reports. Bank of America upped their target price on Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Hsbc Global Res lowered Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. BMO Capital Markets initiated coverage on Deere & Company in a report on Friday, August 9th. They issued a “market perform” rating and a $400.00 target price for the company. Deutsche Bank Aktiengesellschaft reduced their target price on Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. upped their target price on Deere & Company from $360.00 to $420.00 and gave the company a “neutral” rating in a report on Friday, October 11th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $420.69.
Deere & Company Trading Up 0.3 %
NYSE:DE opened at $401.68 on Tuesday. The company has a market cap of $109.90 billion, a P/E ratio of 13.70, a P/E/G ratio of 1.35 and a beta of 0.93. The stock’s fifty day moving average price is $401.23 and its two-hundred day moving average price is $385.41. Deere & Company has a 1 year low of $340.20 and a 1 year high of $420.47. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87.
Deere & Company (NYSE:DE – Get Free Report) last posted its earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.63 by $0.66. The firm had revenue of $11.39 billion for the quarter, compared to the consensus estimate of $10.94 billion. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The business’s quarterly revenue was down 20.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $10.20 earnings per share. As a group, analysts expect that Deere & Company will post 25 EPS for the current year.
Deere & Company Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be issued a $1.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.88 annualized dividend and a dividend yield of 1.46%. Deere & Company’s payout ratio is currently 20.06%.
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.
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