123,209 Deere & Company $DE Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its holdings in Deere & Company (NYSE:DE) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,302,584 shares of the industrial products company’s stock after acquiring an additional 123,209 shares during the quarter. Fisher Asset Management LLC’s holdings in Deere & Company were worth $2,217,851,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its position in Deere & Company by 0.3% during the third quarter. Russell Investments Group Ltd. now owns 227,948 shares of the industrial products company’s stock valued at $153,166,000 after purchasing an additional 612 shares during the period. Eurizon Capital SGR S.p.A. boosted its holdings in Deere & Company by 57.2% in the third quarter. Eurizon Capital SGR S.p.A. now owns 231,004 shares of the industrial products company’s stock valued at $155,790,000 after purchasing an additional 84,039 shares during the last quarter. PBU The Pension Fund of Early Childhood & Youth Educators boosted its holdings in Deere & Company by 7.4% in the third quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 44,233 shares of the industrial products company’s stock valued at $29,705,000 after purchasing an additional 3,035 shares during the last quarter. Werba Rubin Papier Wealth Management grew its position in Deere & Company by 3.0% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 907 shares of the industrial products company’s stock worth $609,000 after purchasing an additional 26 shares during the period. Finally, Maryland State Retirement & Pension System grew its position in Deere & Company by 15.0% during the 3rd quarter. Maryland State Retirement & Pension System now owns 15,204 shares of the industrial products company’s stock worth $10,210,000 after purchasing an additional 1,983 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

DE has been the subject of a number of recent research reports. Evercore upgraded Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 price objective for the company in a research note on Wednesday, September 2nd. Weiss Ratings upgraded shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, September 21st. DA Davidson raised their price objective on Deere & Company from $685.00 to $760.00 and gave the company a “buy” rating in a report on Monday, August 24th. Truist Financial decreased their price target on shares of Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a research note on Monday, August 24th. Finally, Bank of America boosted their price objective on Deere & Company from $667.00 to $715.00 in a research note on Thursday, September 24th. Seventeen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $688.10.

Deere & Company Stock Down 1.9%

DE stock opened at $678.86 on Friday. The company has a market cap of $183.04 billion, a price-to-earnings ratio of 37.71, a PEG ratio of 1.96 and a beta of 0.89. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45. Deere & Company has a 12 month low of $455.90 and a 12 month high of $721.22. The firm has a 50-day moving average of $668.78 and a two-hundred day moving average of $611.46.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.69 by $0.41. The firm had revenue of $12.61 billion during the quarter, compared to analysts’ expectations of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $4.75 earnings per share. As a group, analysts forecast that Deere & Company will post 18.11 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 9th. Investors of record on Wednesday, September 30th were given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.0%. The ex-dividend date was Wednesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is presently 36.00%.

Deere & Company Profile

Deere & Company, commonly known as John Deere, manufactures and distributes equipment and technology for agriculture, construction, forestry, and lawn care. Its products include tractors, combines, planting and spraying equipment, construction machinery, forestry equipment, and turf-care products, along with related parts and services. The company also provides precision agriculture technologies designed to help customers monitor and manage equipment and field operations. Through its Financial Services business, Deere offers financing and leasing options for equipment and related products.