Mitsubishi UFJ Trust & Banking Corp Has $77.20 Million Stake in Deere & Company $DE

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Deere & Company (NYSE:DE) by 11.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,823 shares of the industrial products company’s stock after selling 19,079 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Deere & Company worth $77,200,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of DE. Brighton Jones LLC lifted its stake in Deere & Company by 39.1% during the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock worth $1,927,000 after purchasing an additional 1,278 shares during the last quarter. Edgestream Partners L.P. increased its position in Deere & Company by 377.7% during the 1st quarter. Edgestream Partners L.P. now owns 6,559 shares of the industrial products company’s stock worth $3,078,000 after purchasing an additional 5,186 shares in the last quarter. First Command Advisory Services Inc. grew its stake in shares of Deere & Company by 5.3% during the first quarter. First Command Advisory Services Inc. now owns 560 shares of the industrial products company’s stock worth $263,000 after buying an additional 28 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Deere & Company by 4.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 10,615 shares of the industrial products company’s stock worth $4,982,000 after buying an additional 497 shares in the last quarter. Finally, Wealthfront Advisers LLC lifted its stake in shares of Deere & Company by 29.1% in the 1st quarter. Wealthfront Advisers LLC now owns 30,603 shares of the industrial products company’s stock valued at $14,364,000 after acquiring an additional 6,891 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on DE. Wolfe Research cut their price target on Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Citigroup reduced their price objective on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 7th. Jefferies Financial Group lowered their target price on Deere & Company from $510.00 to $440.00 and set a “hold” rating for the company in a research report on Wednesday, October 8th. Zacks Research cut Deere & Company from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and a consensus target price of $518.72.

Deere & Company Price Performance

Shares of DE opened at $479.22 on Thursday. The company has a market capitalization of $129.55 billion, a P/E ratio of 25.05, a P/E/G ratio of 3.05 and a beta of 1.04. The business’s 50-day moving average is $466.00 and its two-hundred day moving average is $490.69. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. Deere & Company has a fifty-two week low of $387.03 and a fifty-two week high of $533.78.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The business had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter last year, the company earned $6.29 EPS. The business’s revenue was down 9.0% on a year-over-year basis. Research analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, September 30th. Deere & Company’s dividend payout ratio is 33.87%.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.