Deere & Company (NYSE:DE) Stake Increased by Advisor Partners LLC

Advisor Partners LLC increased its stake in Deere & Company (NYSE:DE) by 10.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,525 shares of the industrial products company’s stock after acquiring an additional 1,077 shares during the quarter. Advisor Partners LLC’s holdings in Deere & Company were worth $1,993,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Parametric Portfolio Associates LLC increased its stake in Deere & Company by 1.5% during the third quarter. Parametric Portfolio Associates LLC now owns 1,030,943 shares of the industrial products company’s stock valued at $173,900,000 after purchasing an additional 15,559 shares during the last quarter. California Public Employees Retirement System increased its stake in Deere & Company by 38.6% during the third quarter. California Public Employees Retirement System now owns 696,095 shares of the industrial products company’s stock valued at $117,417,000 after purchasing an additional 193,930 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Deere & Company by 0.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 649,925 shares of the industrial products company’s stock valued at $107,699,000 after purchasing an additional 2,598 shares during the last quarter. Rhumbline Advisers increased its stake in Deere & Company by 2.9% during the third quarter. Rhumbline Advisers now owns 581,789 shares of the industrial products company’s stock valued at $98,136,000 after purchasing an additional 16,321 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in Deere & Company by 0.3% during the third quarter. California State Teachers Retirement System now owns 537,955 shares of the industrial products company’s stock valued at $90,742,000 after purchasing an additional 1,851 shares during the last quarter. Institutional investors and hedge funds own 67.18% of the company’s stock.

Several analysts have weighed in on DE shares. BMO Capital Markets boosted their target price on shares of Deere & Company from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Bank of America lowered shares of Deere & Company from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $200.00 to $150.00 in a research note on Monday, December 2nd. JPMorgan Chase & Co. reiterated a “sell” rating and set a $140.00 target price on shares of Deere & Company in a research note on Monday, November 25th. Robert W. Baird set a $178.00 target price on shares of Deere & Company and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Co boosted their target price on shares of Deere & Company from $177.00 to $185.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. Deere & Company currently has a consensus rating of “Hold” and an average price target of $172.79.

In related news, insider Pentz Markwart Von sold 2,350 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.10, for a total value of $411,485.00. Following the completion of the sale, the insider now owns 62,762 shares of the company’s stock, valued at $10,989,626.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Samuel R. Allen sold 114,253 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $178.30, for a total transaction of $20,371,309.90. Following the completion of the sale, the chairman now directly owns 423,497 shares of the company’s stock, valued at approximately $75,509,515.10. The disclosure for this sale can be found here. Insiders have sold 154,578 shares of company stock valued at $27,346,391 in the last 90 days. Insiders own 0.70% of the company’s stock.

Deere & Company stock opened at $170.12 on Friday. The company has a 50-day simple moving average of $173.45 and a 200-day simple moving average of $167.14. The firm has a market capitalization of $53.56 billion, a P/E ratio of 16.78, a P/E/G ratio of 4.07 and a beta of 1.13. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.80 and a current ratio of 2.04. Deere & Company has a one year low of $132.68 and a one year high of $180.48.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Wednesday, November 27th. The industrial products company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.13 by $0.01. The business had revenue of $8.70 billion during the quarter, compared to analyst estimates of $8.41 billion. Deere & Company had a net margin of 8.29% and a return on equity of 27.11%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.30 earnings per share. As a group, sell-side analysts forecast that Deere & Company will post 9.44 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $3.04 annualized dividend and a dividend yield of 1.79%. Deere & Company’s dividend payout ratio is currently 30.58%.

Deere & Company Company Profile

Deere & Company 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 offers agriculture and turf equipment, and related 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; and tillage, seeding, and application equipment.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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