Deere & Company (NYSE:DE) Shares Bought by Fmr LLC

Fmr LLC grew its holdings in Deere & Company (NYSE:DE) by 27.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,542,013 shares of the industrial products company’s stock after purchasing an additional 988,380 shares during the quarter. Fmr LLC owned approximately 1.66% of Deere & Company worth $1,895,518,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DE. Legal & General Group Plc increased its position in Deere & Company by 2.7% during the 2nd quarter. Legal & General Group Plc now owns 2,254,266 shares of the industrial products company’s stock worth $842,259,000 after purchasing an additional 60,255 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Deere & Company by 15.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,146,441 shares of the industrial products company’s stock valued at $802,037,000 after buying an additional 279,627 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Deere & Company by 8.6% during the third quarter. Fisher Asset Management LLC now owns 1,994,657 shares of the industrial products company’s stock valued at $832,431,000 after buying an additional 158,732 shares during the period. Ontario Teachers Pension Plan Board boosted its position in Deere & Company by 11.6% during the third quarter. Ontario Teachers Pension Plan Board now owns 1,341,626 shares of the industrial products company’s stock worth $559,901,000 after acquiring an additional 139,336 shares during the last quarter. Finally, Markel Group Inc. grew its stake in Deere & Company by 2.8% in the 3rd quarter. Markel Group Inc. now owns 869,100 shares of the industrial products company’s stock worth $362,702,000 after acquiring an additional 23,750 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DE. BMO Capital Markets started coverage on Deere & Company in a research note on Friday, August 9th. They set a “market perform” rating and a $400.00 price target on the stock. Evercore ISI increased their target price on Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a research report on Monday, August 19th. Truist Financial lifted their price target on Deere & Company from $496.00 to $538.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Citigroup increased their price objective on shares of Deere & Company from $395.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, Hsbc Global Res downgraded shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Thirteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $433.00.

Deere & Company Trading Down 0.3 %

NYSE:DE opened at $461.15 on Wednesday. The business’s 50-day moving average is $409.62 and its two-hundred day moving average is $386.98. The firm has a market capitalization of $126.17 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 1.75 and a beta of 0.93. Deere & Company has a 12 month low of $340.20 and a 12 month 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.

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

Deere & Company 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.