Deere & Company (NYSE:DE) Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. lifted its position in Deere & Company (NYSE:DE - Free Report) by 125.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,406 shares of the industrial products company's stock after purchasing an additional 17,490 shares during the quarter. Benjamin Edwards Inc.'s holdings in Deere & Company were worth $13,153,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DE. FMR LLC increased its holdings in shares of Deere & Company by 27.8% in the 3rd quarter. FMR LLC now owns 4,542,013 shares of the industrial products company's stock worth $1,895,518,000 after buying an additional 988,380 shares during the last quarter. Pathway Financial Advisers LLC grew its position in 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 worth $356,602,000 after acquiring an additional 852,885 shares in the last quarter. International Assets Investment Management LLC increased its stake in Deere & Company by 46,892.9% during the third quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company's stock worth $322,218,000 after acquiring an additional 770,451 shares during the last quarter. Stockbridge Partners LLC raised its position in Deere & Company by 157.5% during the third quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company's stock valued at $369,019,000 after purchasing an additional 540,874 shares during the period. Finally, Mawer Investment Management Ltd. bought a new stake 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.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased 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. Citigroup lifted their price target on shares of Deere & Company from $395.00 to $420.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. Bank of America increased their price objective on shares of Deere & Company from $400.00 to $410.00 and gave the stock a "neutral" rating in a research report on Friday, August 16th. BMO Capital Markets assumed coverage on Deere & Company in a research report on Friday, August 9th. They set a "market perform" rating and a $400.00 target price for the company. Finally, HSBC downgraded Deere & Company from a "buy" rating to a "hold" rating in a report on Monday, August 19th. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $436.41.

Deere & Company Stock Down 0.6 %

Shares of DE traded down $2.83 during trading hours on Tuesday, hitting $460.12. The company had a trading volume of 454,217 shares, compared to its average volume of 1,446,063. 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 company has a market capitalization of $125.89 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 1.99 and a beta of 0.96. Deere & Company has a one year low of $340.20 and a one year high of $469.39. The company's fifty day moving average price is $413.25 and its two-hundred day moving average price is $388.13.

Deere & Company (NYSE:DE - Get Free Report) last posted 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. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. During the same quarter in the previous year, the business posted $8.26 EPS. Deere & Company's revenue was down 32.8% on a year-over-year basis. As a group, equities analysts forecast that Deere & Company will post 19.52 earnings per share 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.