Natixis Advisors LLC Has $69.65 Million Stock Holdings in Deere & Company (NYSE:DE)

Natixis Advisors LLC increased its stake in shares of Deere & Company (NYSE:DE - Free Report) by 9.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,896 shares of the industrial products company's stock after acquiring an additional 14,137 shares during the quarter. Natixis Advisors LLC owned about 0.06% of Deere & Company worth $69,652,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC raised its stake in shares of Deere & Company by 53,338.6% in the third quarter. Pathway Financial Advisers LLC now owns 854,484 shares of the industrial products company's stock valued at $356,602,000 after purchasing an additional 852,885 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Deere & Company by 46,892.9% in the 3rd quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company's stock valued at $322,218,000 after buying an additional 770,451 shares in the last quarter. Swedbank AB bought a new position in shares of Deere & Company during the 1st quarter worth about $191,628,000. Mawer Investment Management Ltd. acquired a new stake in shares of Deere & Company during the 2nd quarter valued at about $166,937,000. Finally, Dimensional Fund Advisors LP increased its stake in Deere & Company by 15.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,146,441 shares of the industrial products company's stock valued at $802,037,000 after acquiring an additional 279,627 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Price Performance

NYSE DE traded up $4.31 on Friday, hitting $398.95. 1,168,176 shares of the company's stock were exchanged, compared to its average volume of 1,015,799. Deere & Company has a 52 week low of $340.20 and a 52 week high of $420.47. The stock has a 50-day moving average of $404.03 and a 200-day moving average of $385.65. 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 stock has a market cap of $109.15 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 1.52 and a beta of 0.93.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.63 by $0.66. The company had revenue of $11.39 billion for the quarter, compared to analyst estimates of $10.94 billion. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The firm's revenue was down 20.3% on a year-over-year basis. During the same period in the previous year, the firm posted $10.20 EPS. Analysts expect that Deere & Company will post 25 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Monday, September 30th. Deere & Company's dividend payout ratio (DPR) is currently 20.06%.

Analysts Set New Price Targets

DE has been the subject of a number of analyst reports. Morgan Stanley cut their price objective on Deere & Company from $450.00 to $425.00 and set an "overweight" rating for the company in a report on Monday, August 26th. Bank of America boosted their price target on shares of Deere & Company from $400.00 to $410.00 and gave the company a "neutral" rating in a research report on Friday, August 16th. Oppenheimer dropped their price objective on shares of Deere & Company from $465.00 to $448.00 and set an "outperform" rating for the company in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft reduced their target price on Deere & Company from $402.00 to $389.00 and set a "hold" rating on the stock in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. raised their price target on Deere & Company from $360.00 to $420.00 and gave the company a "neutral" rating in a report on Friday, October 11th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $420.69.

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.