Skandinaviska Enskilda Banken AB publ Has $25.76 Million Position in Deere & Company $DE

Skandinaviska Enskilda Banken AB publ boosted its stake in Deere & Company (NYSE:DE) by 3.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 56,326 shares of the industrial products company’s stock after buying an additional 1,693 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Deere & Company were worth $25,756,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of DE. Norges Bank bought a new position in Deere & Company during the second quarter worth about $1,578,243,000. Marshall Wace LLP grew its position in shares of Deere & Company by 573.9% during the 2nd quarter. Marshall Wace LLP now owns 842,882 shares of the industrial products company’s stock worth $428,597,000 after purchasing an additional 717,808 shares in the last quarter. Laurel Wealth Advisors LLC increased its holdings in shares of Deere & Company by 50,691.9% during the second quarter. Laurel Wealth Advisors LLC now owns 332,179 shares of the industrial products company’s stock worth $168,910,000 after purchasing an additional 331,525 shares during the period. Vanguard Group Inc. increased its holdings in shares of Deere & Company by 1.4% during the second quarter. Vanguard Group Inc. now owns 22,372,671 shares of the industrial products company’s stock worth $11,376,279,000 after purchasing an additional 309,081 shares during the period. Finally, Loomis Sayles & Co. L P raised its position in shares of Deere & Company by 26.8% in the second quarter. Loomis Sayles & Co. L P now owns 1,386,321 shares of the industrial products company’s stock valued at $704,930,000 after buying an additional 292,932 shares in the last quarter. 68.58% of the stock is owned by institutional investors.

Insider Transactions 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 that occurred 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 owned 117,970 shares of the company’s stock, valued at approximately $59,160,775.30. This trade represents a 26.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Cory J. Reed sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The stock was 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. The trade was a 36.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 64,578 shares of company stock worth $32,471,682 in the last three months. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

DE has been the subject of several analyst reports. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Jefferies Financial Group boosted their price target on Deere & Company from $440.00 to $475.00 and gave the company a “hold” rating in a research note on Tuesday, December 9th. Royal Bank Of Canada reduced their price objective on shares of Deere & Company from $542.00 to $541.00 and set an “outperform” rating on the stock in a research note on Friday, November 28th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Deere & Company in a report on Monday, December 1st. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $460.00 price target on shares of Deere & Company in a report on Tuesday, December 9th. Fifteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $524.20.

Deere & Company Stock Down 0.5%

Shares of NYSE:DE opened at $599.90 on Wednesday. The firm has a market cap of $162.61 billion, a P/E ratio of 32.41, a P/E/G ratio of 2.40 and a beta of 1.02. Deere & Company has a 12-month low of $404.42 and a 12-month high of $626.25. The business has a fifty day simple moving average of $513.04 and a 200 day simple moving average of $488.37. The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 1.68.

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

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Wednesday, December 31st were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, December 31st. Deere & Company’s dividend payout ratio is 35.01%.

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.