Campbell & CO Investment Adviser LLC Makes New Investment in Deere & Company (NYSE:DE)


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Campbell & CO Investment Adviser LLC acquired a new position in shares of Deere & Company (NYSE:DE) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 1,900 shares of the industrial products company’s stock, valued at approximately $511,000.

A number of other institutional investors also recently bought and sold shares of DE. BlackRock Inc. lifted its holdings in shares of Deere & Company by 1.5% in the 4th quarter. BlackRock Inc. now owns 20,066,592 shares of the industrial products company’s stock valued at $5,398,918,000 after buying an additional 292,485 shares during the period. State Street Corp lifted its holdings in shares of Deere & Company by 0.7% in the 3rd quarter. State Street Corp now owns 12,535,526 shares of the industrial products company’s stock valued at $2,787,701,000 after buying an additional 85,509 shares during the period. FMR LLC lifted its holdings in shares of Deere & Company by 37.8% in the 4th quarter. FMR LLC now owns 4,701,751 shares of the industrial products company’s stock valued at $1,265,007,000 after buying an additional 1,289,219 shares during the period. Boston Partners increased its stake in Deere & Company by 21.5% in the 3rd quarter. Boston Partners now owns 2,046,590 shares of the industrial products company’s stock valued at $453,585,000 after purchasing an additional 362,615 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Deere & Company by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 1,918,982 shares of the industrial products company’s stock valued at $516,302,000 after purchasing an additional 69,577 shares in the last quarter. 66.77% of the stock is owned by institutional investors.

Shares of Deere & Company stock opened at $337.51 on Tuesday. Deere & Company has a twelve month low of $106.14 and a twelve month high of $338.55. The stock has a market capitalization of $106.12 billion, a P/E ratio of 38.79, a PEG ratio of 1.43 and a beta of 0.96. The company has a current ratio of 2.24, a quick ratio of 2.03 and a debt-to-equity ratio of 2.53. The business’s fifty day moving average price is $302.15 and its 200 day moving average price is $251.20.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, February 18th. The industrial products company reported $3.87 EPS for the quarter, topping the Zacks’ consensus estimate of $2.17 by $1.70. The company had revenue of $8.05 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Deere & Company had a return on equity of 22.17% and a net margin of 7.74%. The firm’s quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 earnings per share. As a group, sell-side analysts predict that Deere & Company will post 13.09 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 8th. Shareholders of record on Thursday, December 31st were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Wednesday, December 30th. Deere & Company’s dividend payout ratio is presently 34.98%.

Several equities analysts recently weighed in on the company. BMO Capital Markets raised their price objective on Deere & Company from $300.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, January 25th. Royal Bank of Canada raised their price objective on Deere & Company from $252.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, November 27th. Morgan Stanley raised their price objective on Deere & Company from $335.00 to $341.00 and gave the company an “overweight” rating in a research note on Tuesday, December 15th. Argus raised their price objective on Deere & Company from $280.00 to $380.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Jefferies Financial Group raised their price target on Deere & Company from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, January 15th. Five investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $309.80.

In other news, CAO Marc A. Howze sold 20,467 shares of Deere & Company stock in a transaction dated Thursday, December 3rd. The stock was sold at an average price of $258.49, for a total transaction of $5,290,514.83. Following the sale, the chief accounting officer now directly owns 22,787 shares of the company’s stock, valued at $5,890,211.63. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Marc A. Howze sold 14,619 shares of Deere & Company stock in a transaction dated Wednesday, January 6th. The stock was sold at an average price of $289.00, for a total value of $4,224,891.00. Following the sale, the chief accounting officer now directly owns 35,920 shares in the company, valued at $10,380,880. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,468 shares of company stock worth $31,836,175. 0.70% of the stock is currently owned by insiders.

About Deere & Company

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

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