Caisse de depot et placement du Quebec purchased a new position in shares of Deere & Company (NYSE:DE – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm purchased 232,497 shares of the industrial products company’s stock, valued at approximately $147,480,000.
Other hedge funds also recently bought and sold shares of the company. Cary Street Partners Financial LLC raised its stake in Deere & Company by 11.8% during the 4th quarter. Cary Street Partners Financial LLC now owns 10,312 shares of the industrial products company’s stock valued at $4,801,000 after acquiring an additional 1,086 shares during the last quarter. Baxter Bros Inc. purchased a new position in shares of Deere & Company in the 2nd quarter valued at approximately $1,707,000. Global Retirement Partners LLC purchased a new position in shares of Deere & Company in the 2nd quarter valued at approximately $3,890,000. Spectrum Financial Alliance Ltd LLC increased its holdings in shares of Deere & Company by 55.8% in the fourth quarter. Spectrum Financial Alliance Ltd LLC now owns 85,351 shares of the industrial products company’s stock valued at $39,737,000 after purchasing an additional 30,553 shares during the period. Finally, Westpac Banking Corp increased its holdings in shares of Deere & Company by 78.6% in the fourth quarter. Westpac Banking Corp now owns 6,925 shares of the industrial products company’s stock valued at $3,224,000 after purchasing an additional 3,047 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.
Deere & Company Price Performance
Shares of NYSE DE opened at $633.36 on Thursday. The firm has a market capitalization of $170.97 billion, a P/E ratio of 35.19, a PEG ratio of 2.60 and a beta of 0.90. Deere & Company has a one year low of $433.00 and a one year high of $674.19. The company’s fifty day moving average is $610.13 and its two-hundred day moving average is $592.80. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on DE shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a report on Tuesday, August 18th. Citigroup boosted their price objective on shares of Deere & Company from $610.00 to $650.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Oppenheimer raised their target price on shares of Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Royal Bank Of Canada reiterated an “outperform” rating and set a $752.00 price target on shares of Deere & Company in a research note on Monday. Finally, Wall Street Zen cut shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $653.48.
View Our Latest Stock Report on DE
About Deere & Company
Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.
The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.
Featured Stories
- Five stocks we like better than Deere & Company
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE – Free Report).
Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.
