Captrust Financial Advisors Grows Stock Holdings in Deere & Company (NYSE:DE)

Captrust Financial Advisors raised its stake in shares of Deere & Company (NYSE:DE - Free Report) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,184 shares of the industrial products company's stock after acquiring an additional 4,051 shares during the quarter. Captrust Financial Advisors owned approximately 0.06% of Deere & Company worth $64,763,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC boosted its stake in Deere & Company by 27.8% in the third quarter. FMR LLC now owns 4,542,013 shares of the industrial products company's stock valued at $1,895,518,000 after acquiring an additional 988,380 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in shares of Deere & Company by 53,338.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 854,484 shares of the industrial products company's stock worth $356,602,000 after purchasing an additional 852,885 shares in the last quarter. International Assets Investment Management LLC grew its stake in Deere & Company by 46,892.9% during the 3rd quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company's stock worth $322,218,000 after buying an additional 770,451 shares during the last quarter. Stockbridge Partners LLC increased its position in Deere & Company by 157.5% during the 3rd quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company's stock valued at $369,019,000 after buying an additional 540,874 shares in the last quarter. Finally, Mawer Investment Management Ltd. purchased a new position in shares of Deere & Company in the 2nd quarter valued at approximately $166,937,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DE has been the subject of several research reports. Oppenheimer lifted their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Bank of America boosted their price target on Deere & Company from $400.00 to $410.00 and gave the company a "neutral" rating in a research note on Friday, August 16th. UBS Group raised their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Evercore ISI upped their target price on Deere & Company from $371.00 to $378.00 and gave the company an "in-line" rating in a research report on Monday, August 19th. Finally, Citigroup lifted 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. Twelve equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $436.41.

Deere & Company Trading Down 0.0 %

Shares of NYSE:DE traded down $0.10 during midday trading on Friday, reaching $465.90. 732,229 shares of the company's stock were exchanged, compared to its average volume of 1,450,964. The firm's 50 day simple moving average is $413.25 and its two-hundred day simple moving average is $388.31. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $469.39. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The stock has a market cap of $127.47 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 1.99 and a beta of 0.93.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping the consensus estimate of $3.90 by $0.65. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. During the same period last year, the business posted $8.26 earnings per share. The company's quarterly revenue was down 32.8% on a year-over-year basis. As a group, sell-side analysts forecast that Deere & Company will post 19.52 EPS for the current fiscal year.

Deere & 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.