De Lisle Partners LLP Acquires 1,500 Shares of Deere & Company (NYSE:DE)

De Lisle Partners LLP increased its stake in shares of Deere & Company (NYSE:DE - Free Report) by 15.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,500 shares of the industrial products company's stock after purchasing an additional 1,500 shares during the quarter. De Lisle Partners LLP's holdings in Deere & Company were worth $4,799,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC grew its holdings in Deere & Company by 27.8% during the 3rd quarter. FMR LLC now owns 4,542,013 shares of the industrial products company's stock worth $1,895,518,000 after acquiring an additional 988,380 shares during the last quarter. Legal & General Group Plc grew its holdings in Deere & Company by 2.7% during the 2nd quarter. Legal & General Group Plc now owns 2,254,266 shares of the industrial products company's stock worth $842,259,000 after acquiring an additional 60,255 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Deere & Company by 15.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,146,441 shares of the industrial products company's stock worth $802,037,000 after acquiring an additional 279,627 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Deere & Company by 8.6% during the 3rd quarter. Fisher Asset Management LLC now owns 1,994,657 shares of the industrial products company's stock worth $832,431,000 after acquiring an additional 158,732 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its holdings in Deere & Company by 11.6% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 1,341,626 shares of the industrial products company's stock worth $559,901,000 after acquiring an additional 139,336 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on DE. Bank of America boosted their target price 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. UBS Group boosted their target price on shares of Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. BMO Capital Markets began coverage on shares of Deere & Company in a report on Friday, August 9th. They set a "market perform" rating and a $400.00 target price on the stock. Barclays boosted their target price on shares of Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Finally, 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. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Deere & Company currently has an average rating of "Hold" and an average price target of $436.41.

Deere & Company Stock Up 1.1 %

NYSE DE traded up $4.96 on Thursday, hitting $466.00. 1,258,787 shares of the company were exchanged, compared to its average volume of 1,454,089. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. The stock has a fifty day moving average of $410.91 and a 200-day moving average of $387.53. Deere & Company has a 12 month low of $340.20 and a 12 month high of $469.39. The company has a market cap of $127.50 billion, a PE ratio of 18.20, a PEG ratio of 1.91 and a beta of 0.93.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The company's revenue for the quarter was down 32.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.26 earnings per share. As a group, analysts forecast that Deere & Company will post 20.23 earnings per share for the current year.

About Deere & Company

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.