Swiss National Bank increased its stake in shares of Deere & Company (NYSE:DE) by 1.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,006,319 shares of the industrial products company’s stock after acquiring an additional 9,600 shares during the period. Swiss National Bank owned 0.31% of Deere & Company worth $157,499,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Capital International Investors grew its holdings in Deere & Company by 35.4% in the 3rd quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock valued at $1,106,131,000 after buying an additional 2,300,531 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Deere & Company by 128.2% in the 3rd quarter. Janus Henderson Group PLC now owns 2,587,339 shares of the industrial products company’s stock valued at $324,942,000 after buying an additional 1,453,754 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Deere & Company by 21.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,621,764 shares of the industrial products company’s stock valued at $454,857,000 after buying an additional 634,001 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Deere & Company by 205.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 575,895 shares of the industrial products company’s stock valued at $71,175,000 after buying an additional 387,479 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Deere & Company by 123.5% in the 4th quarter. SG Americas Securities LLC now owns 67,909 shares of the industrial products company’s stock valued at $10,628,000 after buying an additional 357,198 shares during the last quarter. 66.84% of the stock is currently owned by institutional investors and hedge funds.
Shares of Deere & Company (NYSE DE) traded up $2.63 during trading hours on Friday, hitting $169.44. The stock had a trading volume of 6,619,801 shares, compared to its average volume of 2,530,000. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95. The firm has a market cap of $54,770.00, a price-to-earnings ratio of 25.37, a PEG ratio of 2.50 and a beta of 0.75. Deere & Company has a one year low of $106.72 and a one year high of $175.26.
Deere & Company (NYSE:DE) last posted its earnings results on Friday, February 16th. The industrial products company reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.15. The business had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.41 billion. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. Deere & Company’s revenue was up 27.2% on a year-over-year basis. During the same quarter last year, the company earned $0.61 EPS. equities research analysts anticipate that Deere & Company will post 8.27 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Friday, December 29th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, December 28th. This represents a $2.40 annualized dividend and a dividend yield of 1.42%. Deere & Company’s dividend payout ratio (DPR) is presently 35.93%.
In related news, insider James M. Field sold 22,095 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $170.06, for a total transaction of $3,757,475.70. Following the completion of the transaction, the insider now owns 95,832 shares in the company, valued at approximately $16,297,189.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James M. Field sold 48,427 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $147.98, for a total value of $7,166,227.46. The disclosure for this sale can be found here. Insiders have sold a total of 187,603 shares of company stock valued at $28,058,143 in the last 90 days. 0.74% of the stock is owned by corporate insiders.
A number of analysts have issued reports on DE shares. Stifel Nicolaus raised their target price on Deere & Company to $161.00 and gave the company a “buy” rating in a report on Monday, November 27th. Argus reaffirmed a “buy” rating and issued a $165.00 target price on shares of Deere & Company in a report on Monday, November 27th. They noted that the move was a valuation call. Citigroup reaffirmed a “buy” rating and issued a $165.00 target price on shares of Deere & Company in a report on Friday, November 24th. Credit Suisse Group reaffirmed a “buy” rating and issued a $162.00 target price on shares of Deere & Company in a report on Thursday, November 23rd. Finally, Wells Fargo & Co reaffirmed a “buy” rating and issued a $170.00 target price on shares of Deere & Company in a report on Thursday, November 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Deere & Company presently has a consensus rating of “Buy” and an average price target of $159.70.
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Deere & Company Profile
Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.
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