Robeco Institutional Asset Management B.V. trimmed its stake in Deere & Company (NYSE:DE – Free Report) by 40.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,092 shares of the industrial products company’s stock after selling 8,906 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Deere & Company were worth $8,792,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Diversify Advisory Services LLC raised its position in Deere & Company by 8.8% during the 3rd quarter. Diversify Advisory Services LLC now owns 3,198 shares of the industrial products company’s stock worth $2,081,000 after purchasing an additional 258 shares during the last quarter. Blue Jean Financial LLC acquired a new position in Deere & Company during the 3rd quarter worth about $1,684,000. DUTCH ASSET Corp grew its position in shares of Deere & Company by 5.8% in the 3rd quarter. DUTCH ASSET Corp now owns 567 shares of the industrial products company’s stock valued at $381,000 after buying an additional 31 shares during the last quarter. 55 North Private Wealth LLC grew its position in shares of Deere & Company by 7.6% in the 3rd quarter. 55 North Private Wealth LLC now owns 527 shares of the industrial products company’s stock valued at $354,000 after buying an additional 37 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC grew its position in shares of Deere & Company by 28.9% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 17,731 shares of the industrial products company’s stock valued at $11,907,000 after buying an additional 3,977 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. Oppenheimer increased their price target on Deere & Company from $680.00 to $685.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Bank of America lifted their price objective on Deere & Company from $667.00 to $715.00 in a research note on Thursday, September 24th. CICC Research began coverage on Deere & Company in a report on Sunday, September 13th. They issued an “outperform” rating on the stock. UBS Group decreased their target price on shares of Deere & Company from $732.00 to $728.00 and set a “buy” rating for the company in a research report on Friday, August 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of Deere & Company from $585.00 to $625.00 and gave the company a “neutral” rating in a research report on Thursday, October 8th. Seventeen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Deere & Company has an average rating of “Moderate Buy” and a consensus target price of $688.10.
Read Our Latest Analysis on DE
Deere & Company Stock Performance
Shares of DE stock opened at $645.61 on Friday. The company has a market cap of $174.07 billion, a price-to-earnings ratio of 35.87, a price-to-earnings-growth ratio of 2.36 and a beta of 0.86. Deere & Company has a 52 week low of $454.50 and a 52 week high of $721.22. The company has a quick ratio of 1.89, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. The firm has a 50 day moving average of $660.40 and a 200-day moving average of $614.23.
Deere & Company (NYSE:DE – Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The company had revenue of $12.61 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the previous year, the business posted $4.75 EPS. Deere & Company’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities analysts forecast that Deere & Company will post 18.11 earnings per share for the current year.
Deere & Company Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is presently 36.00%.
Deere & Company Profile
Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.
Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.
Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.
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