B. Metzler seel. Sohn & Co. Holding AG Takes Position in Deere & Company (NYSE:DE)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Deere & Company (NYSE:DE - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 328,125 shares of the industrial products company's stock, valued at approximately $136,936,000. Deere & Company comprises about 1.4% of B. Metzler seel. Sohn & Co. Holding AG's investment portfolio, making the stock its 15th largest holding. B. Metzler seel. Sohn & Co. Holding AG owned about 0.12% of Deere & Company at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise grew its holdings in Deere & Company by 29.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 17,683 shares of the industrial products company's stock worth $7,379,000 after acquiring an additional 3,973 shares during the last quarter. OneAscent Financial Services LLC bought a new stake in shares of Deere & Company in the third quarter worth $1,476,000. OneAscent Wealth Management LLC bought a new position in Deere & Company during the 3rd quarter worth $221,000. Nixon Peabody Trust Co. raised its position in Deere & Company by 0.6% during the 3rd quarter. Nixon Peabody Trust Co. now owns 33,996 shares of the industrial products company's stock worth $14,188,000 after purchasing an additional 219 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new position in Deere & Company during the 3rd quarter worth about $376,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Stock Down 1.1 %

Shares of NYSE:DE traded down $4.40 on Tuesday, hitting $400.13. 1,076,549 shares of the company traded hands, compared to its average volume of 1,430,043. The stock has a 50 day simple moving average of $404.38 and a 200-day simple moving average of $385.70. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85. The company has a market cap of $109.47 billion, a PE ratio of 13.71, a PEG ratio of 1.52 and a beta of 0.93. Deere & Company has a 52 week low of $340.20 and a 52 week high of $420.47.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, September 30th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Monday, September 30th. Deere & Company's payout ratio is presently 20.06%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DE shares. Oppenheimer lowered their price objective on Deere & Company from $465.00 to $448.00 and set an "outperform" rating for the company in a research report on Monday, July 22nd. Evercore ISI upped their price objective on shares of Deere & Company from $371.00 to $378.00 and gave the company an "in-line" rating in a research note on Monday, August 19th. HSBC downgraded shares of Deere & Company from a "buy" rating to a "hold" rating in a research note on Monday, August 19th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Deere & Company from $402.00 to $389.00 and set a "hold" rating on the stock in a research report on Thursday, August 8th. Finally, Bank of America increased their price target on Deere & Company from $400.00 to $410.00 and gave the stock a "neutral" rating in a report on Friday, August 16th. Twelve 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.com, the stock currently has a consensus rating of "Hold" and an average target price of $420.69.

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.