Deere & Company (NYSE:DE) Shares Acquired by Stockbridge Partners LLC

Stockbridge Partners LLC boosted its holdings in shares of Deere & Company (NYSE:DE) by 157.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 884,237 shares of the industrial products company’s stock after buying an additional 540,874 shares during the period. Deere & Company makes up about 7.4% of Stockbridge Partners LLC’s holdings, making the stock its 5th biggest position. Stockbridge Partners LLC owned approximately 0.32% of Deere & Company worth $369,019,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Fairscale Capital LLC acquired a new stake in shares of Deere & Company during the 2nd quarter valued at $26,000. Livelsberger Financial Advisory acquired a new stake in Deere & Company during the third quarter valued at $32,000. Olistico Wealth LLC purchased a new position in Deere & Company in the second quarter valued at about $37,000. Centennial Bank AR increased its position in Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 84 shares during the last quarter. Finally, Briaud Financial Planning Inc raised its stake in shares of Deere & Company by 73.5% during the 2nd quarter. Briaud Financial Planning Inc now owns 118 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 50 shares in the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DE shares. JPMorgan Chase & Co. boosted their price target on Deere & Company from $420.00 to $450.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Bank of America increased their price target on shares of Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Truist Financial lifted their price objective on shares of Deere & Company from $496.00 to $538.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Citigroup increased their target price on shares of Deere & Company from $395.00 to $420.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Finally, Oppenheimer boosted their price target on Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Twelve analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Deere & Company currently has an average rating of “Hold” and a consensus price target of $436.41.

Deere & Company Price Performance

NYSE:DE opened at $466.00 on Friday. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. Deere & Company has a one year low of $340.20 and a one year high of $469.39. The company has a fifty day moving average price of $412.04 and a 200 day moving average price of $388.07. The stock has a market cap of $127.50 billion, a P/E ratio of 18.20, a PEG ratio of 1.99 and a beta of 0.93.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating analysts’ consensus estimates of $3.90 by $0.65. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. During the same quarter in the prior year, the business earned $8.26 earnings per share. The firm’s revenue for the quarter was down 32.8% on a year-over-year basis. Analysts anticipate that Deere & Company will post 19.52 earnings per share for the current year.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of 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 large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, 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.