Deere & Company $DE Shares Purchased by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators increased its stake in Deere & Company (NYSE:DE) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,233 shares of the industrial products company’s stock after purchasing an additional 3,035 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in Deere & Company were worth $29,705,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Deere & Company during the 2nd quarter valued at approximately $11,763,504,000. Bank of America Corp DE acquired a new stake in shares of Deere & Company during the second quarter worth $1,685,093,000. Bank of New York Mellon Corp acquired a new stake in shares of Deere & Company during the second quarter worth $1,259,279,000. Legal & General Group Plc purchased a new stake in shares of Deere & Company during the second quarter valued at $957,456,000. Finally, Wellington Management Group LLP grew its holdings in shares of Deere & Company by 84.3% during the second quarter. Wellington Management Group LLP now owns 3,088,628 shares of the industrial products company’s stock valued at $1,959,209,000 after buying an additional 1,412,694 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DE shares. Evercore raised Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 target price on the stock in a research report on Wednesday, September 2nd. Citigroup lifted their price target on Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. UBS Group dropped their price target on Deere & Company from $732.00 to $728.00 and set a “buy” rating on the stock in a research note on Friday, August 21st. Barclays boosted their price target on Deere & Company from $640.00 to $675.00 and gave the company an “overweight” rating in a research note on Monday, August 24th. Finally, Seaport Research Partners set a $570.00 price objective on Deere & Company in a report on Friday, August 14th. Seventeen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $688.10.

Deere & Company Stock Performance

Shares of NYSE DE opened at $678.86 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. Deere & Company has a 12 month low of $455.90 and a 12 month high of $721.22. The company has a 50 day simple moving average of $668.78 and a two-hundred day simple moving average of $611.46. The stock has a market cap of $183.04 billion, a price-to-earnings ratio of 37.71, a PEG ratio of 1.96 and a beta of 0.89.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.69 by $0.41. The business had revenue of $12.61 billion for the quarter, compared to the consensus estimate of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $4.75 EPS. As a group, analysts predict that Deere & Company will post 18.11 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 9th. Investors of record on Wednesday, September 30th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is 36.00%.

Deere & Company Company Profile

Deere & Company, commonly known as John Deere, manufactures and distributes equipment and technology for agriculture, construction, forestry, and lawn care. Its products include tractors, combines, planting and spraying equipment, construction machinery, forestry equipment, and turf-care products, along with related parts and services. The company also provides precision agriculture technologies designed to help customers monitor and manage equipment and field operations. Through its Financial Services business, Deere offers financing and leasing options for equipment and related products.