Deere & Company $DE Shares Bought by Unison Asset Management LLC

Unison Asset Management LLC increased its holdings in Deere & Company (NYSE:DE) by 22.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,957 shares of the industrial products company’s stock after buying an additional 1,260 shares during the quarter. Deere & Company comprises approximately 1.5% of Unison Asset Management LLC’s investment portfolio, making the stock its 18th largest holding. Unison Asset Management LLC’s holdings in Deere & Company were worth $3,270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DE. Strategic Advocates LLC acquired a new position in Deere & Company in the 3rd quarter worth approximately $25,000. Key Capital Management INC acquired a new position in Deere & Company in the 4th quarter worth approximately $27,000. Activest Wealth Management increased its holdings in Deere & Company by 69.2% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock worth $30,000 after buying an additional 27 shares during the period. McIlrath & Eck LLC acquired a new position in Deere & Company in the 4th quarter worth approximately $30,000. Finally, Wealth Watch Advisors INC purchased a new stake in Deere & Company in the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DE shares. BMO Capital Markets upped their price objective on Deere & Company from $460.00 to $500.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. upped their price objective on Deere & Company from $550.00 to $560.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Royal Bank Of Canada upped their price objective on Deere & Company from $736.00 to $752.00 and gave the stock an “outperform” rating in a research report on Tuesday. Wolfe Research upped their price objective on Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Finally, Barclays upped their price objective on Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Fifteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Deere & Company currently has a consensus rating of “Moderate Buy” and a consensus price target of $639.83.

Deere & Company Price Performance

Deere & Company stock opened at $529.99 on Wednesday. The company’s fifty day moving average price is $574.42 and its 200 day moving average price is $541.18. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The stock has a market capitalization of $143.16 billion, a P/E ratio of 30.03, a P/E/G ratio of 1.84 and a beta of 0.96. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The firm had revenue of $11.78 billion for the quarter, compared to analysts’ expectations of $11.55 billion. During the same quarter last year, the company earned $6.64 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Deere & Company will post 18.05 earnings per share for the current fiscal year.

Deere & 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.