Blair William & Co. IL Raises Stake in Deere & Company (NYSE:DE)

Blair William & Co. IL grew its holdings in shares of Deere & Company (NYSE:DEGet Rating) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 110,837 shares of the industrial products company’s stock after acquiring an additional 10,733 shares during the quarter. Blair William & Co. IL’s holdings in Deere & Company were worth $38,005,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC grew its holdings in shares of Deere & Company by 60.3% during the 3rd quarter. Janus Henderson Group PLC now owns 3,212,882 shares of the industrial products company’s stock valued at $1,076,547,000 after purchasing an additional 1,208,338 shares during the last quarter. Renaissance Technologies LLC boosted its position in Deere & Company by 211.6% during the fourth quarter. Renaissance Technologies LLC now owns 501,700 shares of the industrial products company’s stock valued at $172,028,000 after buying an additional 340,700 shares during the period. EP Wealth Advisors LLC boosted its position in Deere & Company by 29,687.2% during the third quarter. EP Wealth Advisors LLC now owns 258,553 shares of the industrial products company’s stock valued at $254,000 after buying an additional 257,685 shares during the period. Brandywine Global Investment Management LLC bought a new position in shares of Deere & Company during the third quarter valued at about $72,809,000. Finally, MFA Wealth Advisors LLC purchased a new position in shares of Deere & Company in the third quarter worth about $265,000. Hedge funds and other institutional investors own 67.35% of the company’s stock.

A number of equities analysts have commented on the company. StockNews.com assumed coverage on Deere & Company in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley decreased their target price on shares of Deere & Company from $485.00 to $452.00 and set an “overweight” rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Deere & Company from $400.00 to $417.00 and gave the company a “hold” rating in a research report on Tuesday, February 22nd. Robert W. Baird decreased their price objective on shares of Deere & Company from $487.00 to $442.00 and set an “outperform” rating on the stock in a research report on Sunday. Finally, Bank of America downgraded shares of Deere & Company from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $475.00 to $450.00 in a research note on Monday, April 25th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $432.13.

Shares of NYSE:DE traded up $6.24 during trading on Wednesday, hitting $343.27. The stock had a trading volume of 64,693 shares, compared to its average volume of 2,125,330. The company has a market capitalization of $105.31 billion, a PE ratio of 18.68, a PEG ratio of 1.19 and a beta of 1.02. The company has a quick ratio of 1.94, a current ratio of 2.25 and a debt-to-equity ratio of 1.84. The firm’s fifty day moving average is $399.40 and its 200 day moving average is $377.10. Deere & Company has a 12 month low of $307.64 and a 12 month high of $446.76.

Deere & Company (NYSE:DEGet Rating) last posted its quarterly earnings data on Friday, May 20th. The industrial products company reported $6.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.71 by $0.10. The business had revenue of $12.03 billion during the quarter, compared to the consensus estimate of $13.16 billion. Deere & Company had a return on equity of 33.65% and a net margin of 12.69%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.68 earnings per share. Equities research analysts expect that Deere & Company will post 22.69 EPS for the current fiscal year.

In related news, insider Rajesh Kalathur sold 32,391 shares of the company’s stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $400.00, for a total value of $12,956,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Pentz Markwart Von sold 18,364 shares of Deere & Company stock in a transaction on Monday, March 14th. The shares were sold at an average price of $393.00, for a total value of $7,217,052.00. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

About Deere & Company (Get Rating)

Deere & Company manufactures and distributes various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.

See Also

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DEGet Rating).

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

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.