Banque Cantonale Vaudoise Grows Stock Holdings in Deere & Company (NYSE:DE)

Banque Cantonale Vaudoise increased its stake in Deere & Company (NYSE:DE - Free Report) by 29.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,683 shares of the industrial products company's stock after buying an additional 3,973 shares during the period. Banque Cantonale Vaudoise's holdings in Deere & Company were worth $7,379,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Fairscale Capital LLC purchased a new position in Deere & Company during the 2nd quarter valued at about $26,000. Pineridge Advisors LLC boosted its position in shares of Deere & Company by 725.0% in the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company's stock worth $27,000 after purchasing an additional 58 shares in the last quarter. Livelsberger Financial Advisory purchased a new stake in shares of Deere & Company in the 3rd quarter worth approximately $32,000. Olistico Wealth LLC purchased a new position in Deere & Company during the second quarter valued at $37,000. Finally, Centennial Bank AR boosted its holdings in Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock worth $39,000 after acquiring an additional 84 shares in the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Price Performance

Deere & Company stock traded down $4.40 during mid-day trading on Tuesday, hitting $400.13. The stock had a trading volume of 1,076,549 shares, compared to its average volume of 1,430,043. Deere & Company has a one year low of $340.20 and a one year high of $420.47. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $109.47 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.52 and a beta of 0.93. The firm's 50 day moving average is $404.38 and its 200 day moving average is $385.70.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors 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 dividend on an annualized basis and a dividend yield of 1.47%. Deere & Company's dividend payout ratio is 20.06%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DE. Citigroup lifted their price target on Deere & Company from $395.00 to $420.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Bank of America boosted their price objective on shares of Deere & Company from $400.00 to $410.00 and gave the stock a "neutral" rating in a report on Friday, August 16th. Oppenheimer cut their target price on Deere & Company from $465.00 to $448.00 and set an "outperform" rating on the stock in a research note on Monday, July 22nd. BMO Capital Markets initiated coverage on Deere & Company in a research note on Friday, August 9th. They issued a "market perform" rating and a $400.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Deere & Company from $402.00 to $389.00 and set a "hold" rating on the stock in a report on Thursday, August 8th. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.