Universal Beteiligungs und Servicegesellschaft mbH Has $142.07 Million Holdings in Deere & Company $DE

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Deere & Company (NYSE:DE) by 0.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 310,691 shares of the industrial products company’s stock after purchasing an additional 1,436 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Deere & Company were worth $142,067,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DE. Mid American Wealth Advisory Group Inc. bought a new position in Deere & Company during the second quarter worth $25,000. Howard Hughes Medical Institute acquired a new position in shares of Deere & Company during the second quarter valued at about $27,000. Center for Financial Planning Inc. raised its holdings in shares of Deere & Company by 406.7% during the second quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 61 shares during the period. Soundwatch Capital LLC bought a new position in shares of Deere & Company during the 2nd quarter worth about $41,000. Finally, Lynch Asset Management Inc. acquired a new stake in shares of Deere & Company in the 3rd quarter valued at about $46,000. Institutional investors own 68.58% of the company’s stock.

Insider Buying and Selling at Deere & Company

In other Deere & Company news, CEO John C. May II sold 41,472 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $501.49, for a total value of $20,797,793.28. Following the completion of the sale, the chief executive officer directly owned 117,970 shares of the company’s stock, valued at $59,160,775.30. This trade represents a 26.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Cory J. Reed sold 12,000 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total value of $6,120,000.00. Following the transaction, the insider directly owned 20,792 shares in the company, valued at $10,603,920. This represents a 36.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 64,578 shares of company stock valued at $32,471,682. 0.29% of the stock is owned by corporate insiders.

Deere & Company Stock Down 1.1%

DE stock opened at $508.72 on Wednesday. The stock has a market cap of $137.90 billion, a P/E ratio of 27.48, a P/E/G ratio of 1.97 and a beta of 1.00. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 1.68. The stock’s fifty day simple moving average is $479.85 and its two-hundred day simple moving average is $481.40. Deere & Company has a 1-year low of $404.42 and a 1-year high of $533.78.

Deere & Company (NYSE:DE) last released its earnings results on Wednesday, November 26th. The industrial products company reported $3.93 EPS for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). The business had revenue of $12.39 billion for the quarter, compared to the consensus estimate of $9.77 billion. Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.55 earnings per share. Analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Wednesday, December 31st will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Deere & Company’s payout ratio is 35.01%.

Wall Street Analyst Weigh In

DE has been the topic of a number of research reports. Evercore ISI reaffirmed a “positive” rating on shares of Deere & Company in a research note on Friday, November 28th. JPMorgan Chase & Co. cut their target price on Deere & Company from $480.00 to $460.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. Wolfe Research lifted their price target on shares of Deere & Company from $520.00 to $550.00 and gave the company an “outperform” rating in a research report on Friday, January 2nd. Wells Fargo & Company initiated coverage on shares of Deere & Company in a research note on Thursday, November 13th. They set an “overweight” rating and a $543.00 price target for the company. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Deere & Company in a report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and a consensus price target of $524.20.

Deere & Company Company Profile

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.