Prospera Private Wealth LLC bought a new stake in Deere & Company (NYSE:DE - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,269 shares of the industrial products company's stock, valued at approximately $5,120,000.
Other large investors have also modified their holdings of the company. Crewe Advisors LLC purchased a new position in Deere & Company during the first quarter worth about $69,000. LGT Group Foundation purchased a new position in shares of Deere & Company during the 1st quarter worth approximately $115,000. EP Wealth Advisors LLC increased its holdings in Deere & Company by 19.0% in the 1st quarter. EP Wealth Advisors LLC now owns 2,879 shares of the industrial products company's stock valued at $1,183,000 after purchasing an additional 460 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in Deere & Company by 3.0% in the 1st quarter. Axxcess Wealth Management LLC now owns 7,609 shares of the industrial products company's stock valued at $3,125,000 after purchasing an additional 223 shares during the last quarter. Finally, Capital International Inc. CA raised its position in Deere & Company by 24.9% in the first quarter. Capital International Inc. CA now owns 6,661 shares of the industrial products company's stock valued at $2,736,000 after purchasing an additional 1,326 shares during the period. Institutional investors and hedge funds own 68.58% of the company's stock.
Deere & Company Price Performance
Shares of NYSE DE opened at $400.13 on Wednesday. The stock's 50-day simple moving average is $404.63 and its 200-day simple moving average is $385.69. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07. The firm has a market capitalization of $109.47 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $420.47.
Deere & Company Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, September 30th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.88 annualized dividend and a dividend yield of 1.47%. Deere & Company's dividend payout ratio is presently 20.06%.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Morgan Stanley lowered their price target on Deere & Company from $450.00 to $425.00 and set an "overweight" rating for the company in a research report on Monday, August 26th. Bank of America lifted their target price on Deere & Company from $400.00 to $410.00 and gave the company a "neutral" rating in a research report on Friday, August 16th. Citigroup raised their price objective on shares of Deere & Company from $395.00 to $420.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. BMO Capital Markets initiated coverage on shares of Deere & Company in a research note on Friday, August 9th. They set a "market perform" rating and a $400.00 target price on the stock. Finally, Evercore ISI raised their price target on shares of Deere & Company from $371.00 to $378.00 and gave the company an "in-line" rating in a research report on Monday, August 19th. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $420.69.
View Our Latest Research Report on DE
Deere & Company Company Profile
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Free Report)
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.
Further Reading
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:DE - Free Report).
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