Corient Private Wealth LP decreased its stake in shares of Deere & Company (NYSE:DE – Free Report) by 10.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 579,782 shares of the industrial products company’s stock after selling 67,984 shares during the period. Corient Private Wealth LP’s holdings in Deere & Company were worth $367,806,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of DE. California State Teachers Retirement System lifted its position in Deere & Company by 60,460.4% during the second quarter. California State Teachers Retirement System now owns 234,586,018 shares of the industrial products company’s stock worth $148,804,949,000 after acquiring an additional 234,198,659 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Deere & Company during the second quarter worth approximately $11,763,504,000. Norges Bank acquired a new position in shares of Deere & Company in the fourth quarter valued at approximately $1,715,633,000. Capital World Investors grew its position in shares of Deere & Company by 53.9% in the fourth quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company’s stock valued at $4,465,906,000 after purchasing an additional 3,358,264 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Deere & Company during the second quarter worth approximately $1,685,093,000. Institutional investors and hedge funds own 68.58% of the company’s stock.
Deere & Company Stock Up 0.1%
NYSE DE opened at $677.68 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45. The company has a market cap of $182.72 billion, a price-to-earnings ratio of 37.65, a PEG ratio of 2.79 and a beta of 0.90. The company has a 50 day moving average of $623.48 and a 200-day moving average of $597.82. Deere & Company has a 1-year low of $433.00 and a 1-year high of $705.88.
Deere & Company Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, September 30th. Deere & Company’s dividend payout ratio is presently 36.00%.
Analyst Upgrades and Downgrades
DE has been the subject of several research reports. Weiss Ratings cut Deere & Company from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, September 2nd. Citigroup upped their price objective on Deere & Company from $610.00 to $650.00 and gave the company a “neutral” rating in a report on Friday, August 21st. UBS Group lowered their price objective on Deere & Company from $732.00 to $728.00 and set a “buy” rating on the stock in a research report on Friday, August 21st. DA Davidson lifted their target price on Deere & Company from $685.00 to $760.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Finally, Nomura raised shares of Deere & Company to a “buy” rating in a research report on Monday, August 31st. Sixteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $680.73.
View Our Latest Research Report on DE
About Deere & Company
Deere & Company, operating under the John Deere brand, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. Its products include tractors, combines, harvesters, planters, sprayers, loaders, excavators, skid steers, forestry machines, commercial mowing equipment and compact utility tractors. The company also develops precision agriculture and construction technologies, including machine guidance, automation, data-management and connected-equipment solutions.
Founded by blacksmith John Deere in 1837, the company has grown from its original steel plow business into a diversified equipment and technology provider.
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