Bristol John W & Co. Inc. NY Has $110 Million Stake in Deere & Company $DE

Bristol John W & Co. Inc. NY boosted its stake in shares of Deere & Company (NYSE:DE) by 37.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 240,563 shares of the industrial products company’s stock after buying an additional 65,605 shares during the quarter. Deere & Company makes up approximately 1.7% of Bristol John W & Co. Inc. NY’s portfolio, making the stock its 24th biggest position. Bristol John W & Co. Inc. NY owned 0.09% of Deere & Company worth $110,000,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DE. Bouchey Financial Group Ltd increased its stake in shares of Deere & Company by 4.4% in the third quarter. Bouchey Financial Group Ltd now owns 500 shares of the industrial products company’s stock valued at $229,000 after buying an additional 21 shares during the period. Silvant Capital Management LLC boosted its holdings in Deere & Company by 0.5% in the third quarter. Silvant Capital Management LLC now owns 4,449 shares of the industrial products company’s stock valued at $2,034,000 after acquiring an additional 21 shares during the last quarter. Blue Chip Partners LLC boosted its holdings in Deere & Company by 1.4% in the second quarter. Blue Chip Partners LLC now owns 1,574 shares of the industrial products company’s stock valued at $801,000 after acquiring an additional 21 shares during the last quarter. TRUE Private Wealth Advisors increased its position in Deere & Company by 3.0% during the 2nd quarter. TRUE Private Wealth Advisors now owns 744 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 22 shares during the period. Finally, Forefront Wealth Partners LLC increased its position in Deere & Company by 4.1% during the 3rd quarter. Forefront Wealth Partners LLC now owns 564 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 22 shares during the period. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DE. Raymond James Financial restated an “outperform” rating and issued a $765.00 price target on shares of Deere & Company in a research report on Monday, February 23rd. Argus lifted their target price on shares of Deere & Company from $540.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Wells Fargo & Company boosted their price objective on Deere & Company from $543.00 to $750.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Royal Bank Of Canada raised their target price on Deere & Company from $541.00 to $736.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Finally, Bank of America boosted their price target on Deere & Company from $502.00 to $672.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Sixteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Deere & Company currently has an average rating of “Moderate Buy” and an average price target of $644.70.

Insider Activity at Deere & Company

In other news, 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 transaction of $6,120,000.00. Following the transaction, the insider directly owned 20,792 shares of the company’s stock, valued at $10,603,920. This represents a 36.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John C. May II sold 41,472 shares of the 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 transaction, the chief executive officer owned 117,970 shares in the company, valued at approximately $59,160,775.30. This represents a 26.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.29% of the company’s stock.

Deere & Company Price Performance

Shares of NYSE DE opened at $587.30 on Friday. The firm has a market capitalization of $158.64 billion, a P/E ratio of 33.11, a P/E/G ratio of 2.08 and a beta of 0.96. The firm’s 50-day moving average price is $562.00 and its 200-day moving average price is $502.36. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59. Deere & Company has a 1-year low of $404.42 and a 1-year high of $674.19.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, beating the consensus estimate of $1.90 by $0.52. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The company had revenue of $9.61 billion during the quarter, compared to the consensus estimate of $7.50 billion. During the same period last year, the business posted $3.19 EPS. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. Equities research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Deere & Company’s dividend payout ratio (DPR) is 36.53%.

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.