OMERS ADMINISTRATION Corp Acquires 400 Shares of Deere & Company $DE

OMERS ADMINISTRATION Corp lifted its holdings in Deere & Company (NYSE:DE) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,612 shares of the industrial products company’s stock after buying an additional 400 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Deere & Company were worth $7,430,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Mid American Wealth Advisory Group Inc. purchased a new stake in Deere & Company in the second quarter worth $25,000. Activest Wealth Management boosted its stake in shares of Deere & Company by 2,750.0% during the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Marshall & Sullivan Inc. WA bought a new position in shares of Deere & Company in the second quarter worth about $38,000. Livelsberger Financial Advisory purchased a new position in Deere & Company in the 2nd quarter worth about $39,000. Finally, Center for Financial Planning Inc. lifted its holdings in Deere & Company by 406.7% during the 2nd quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock valued at $39,000 after buying an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Insiders Place Their Bets

In other Deere & Company news, CEO John C. May II sold 11,106 shares of Deere & Company stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $500.08, for a total value of $5,553,888.48. Following the transaction, the chief executive officer owned 112,453 shares in the company, valued at $56,235,496.24. The trade was a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DE has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a research note on Monday, November 24th. Zacks Research lowered Deere & Company from a “hold” rating to a “strong sell” rating in a report on Monday, October 20th. UBS Group reissued a “buy” rating on shares of Deere & Company in a research note on Tuesday, November 25th. Jefferies Financial Group reduced their price objective on Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a report on Wednesday, October 8th. Finally, Wells Fargo & Company assumed coverage on Deere & Company in a report on Thursday, November 13th. They issued an “overweight” rating and a $543.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Deere & Company currently has a consensus rating of “Moderate Buy” and an average price target of $519.45.

Deere & Company Stock Performance

Shares of NYSE:DE opened at $465.95 on Monday. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $125.96 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04. The firm has a 50 day moving average of $467.10 and a 200 day moving average of $490.48. Deere & Company has a 52 week low of $403.01 and a 52 week high of $533.78.

Deere & Company (NYSE:DE) last announced 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 company had revenue of $12.39 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.55 earnings per share. On average, sell-side analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.