IFM Investors Pty Ltd grew its holdings in Deere & Company (NYSE:DE) by 16.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,759 shares of the industrial products company’s stock after purchasing an additional 4,087 shares during the quarter. IFM Investors Pty Ltd’s holdings in Deere & Company were worth $7,738,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Front Row Advisors LLC grew its stake in shares of Deere & Company by 9.6% in the third quarter. Front Row Advisors LLC now owns 514 shares of the industrial products company’s stock worth $135,000 after acquiring an additional 45 shares during the last quarter. Stillwater Investment Management LLC grew its position in Deere & Company by 0.3% in the 3rd quarter. Stillwater Investment Management LLC now owns 15,198 shares of the industrial products company’s stock worth $3,368,000 after purchasing an additional 46 shares during the last quarter. Seeyond grew its position in Deere & Company by 1.0% in the 3rd quarter. Seeyond now owns 4,693 shares of the industrial products company’s stock worth $1,040,000 after purchasing an additional 48 shares during the last quarter. Advisor Partners LLC increased its holdings in shares of Deere & Company by 0.4% during the 3rd quarter. Advisor Partners LLC now owns 10,898 shares of the industrial products company’s stock worth $2,415,000 after purchasing an additional 48 shares during the period. Finally, CX Institutional raised its position in shares of Deere & Company by 16.0% during the fourth quarter. CX Institutional now owns 356 shares of the industrial products company’s stock valued at $96,000 after buying an additional 49 shares during the last quarter. Institutional investors and hedge funds own 55.09% of the company’s stock.
DE has been the topic of several research reports. Morgan Stanley boosted their price target on Deere & Company from $335.00 to $341.00 and gave the company an “overweight” rating in a research note on Tuesday, December 15th. Jefferies Financial Group boosted their price objective on Deere & Company from $300.00 to $320.00 in a research report on Tuesday, December 8th. Robert W. Baird raised their target price on Deere & Company from $300.00 to $345.00 and gave the stock an “outperform” rating in a research report on Tuesday. UBS Group boosted their price target on shares of Deere & Company from $255.00 to $267.00 and gave the company a “neutral” rating in a report on Monday, November 30th. Finally, Wells Fargo & Company raised their price objective on shares of Deere & Company from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 15th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $265.58.
NYSE DE traded down $0.87 during trading hours on Wednesday, reaching $301.22. 1,184,793 shares of the company’s stock were exchanged, compared to its average volume of 1,984,476. The firm has a fifty day moving average of $267.65 and a 200-day moving average of $223.93. Deere & Company has a one year low of $106.14 and a one year high of $304.00. The stock has a market cap of $94.71 billion, a PE ratio of 34.62, a price-to-earnings-growth ratio of 1.30 and a beta of 0.97. The company has a current ratio of 2.24, a quick ratio of 2.03 and a debt-to-equity ratio of 2.53.
Deere & Company (NYSE:DE) last announced its earnings results on Tuesday, November 24th. The industrial products company reported $2.39 EPS for the quarter, topping the consensus estimate of $1.44 by $0.95. Deere & Company had a return on equity of 22.17% and a net margin of 7.74%. As a group, research analysts forecast that Deere & Company will post 12.85 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 8th. Shareholders of record on Thursday, December 31st will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Wednesday, December 30th. Deere & Company’s dividend payout ratio is currently 34.98%.
Deere & Company Profile
Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment provides various agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural solutions and precision technologies; and other outdoor power products.
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