Zurcher Kantonalbank Zurich Cantonalbank Acquires 6,210 Shares of Deere & Company (NYSE:DE)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Deere & Company (NYSE:DE - Free Report) by 5.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,790 shares of the industrial products company's stock after acquiring an additional 6,210 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Deere & Company were worth $52,913,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FMR LLC increased its holdings in shares of Deere & Company by 27.8% in the third quarter. FMR LLC now owns 4,542,013 shares of the industrial products company's stock worth $1,895,518,000 after purchasing an additional 988,380 shares during the period. Legal & General Group Plc grew its position in Deere & Company by 2.7% during the second quarter. Legal & General Group Plc now owns 2,254,266 shares of the industrial products company's stock worth $842,259,000 after buying an additional 60,255 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Deere & Company by 15.0% in 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 raised its holdings in shares of Deere & Company by 8.6% in the 3rd quarter. Fisher Asset Management LLC now owns 1,994,657 shares of the industrial products company's stock valued at $832,431,000 after acquiring an additional 158,732 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its position in shares of 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 valued at $559,901,000 after acquiring an additional 139,336 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Deere & Company Stock Up 0.0 %

Shares of Deere & Company stock traded up $0.21 during trading on Friday, hitting $466.21. The company's stock had a trading volume of 732,153 shares, compared to its average volume of 1,450,964. Deere & Company has a 52 week low of $340.20 and a 52 week high of $469.39. The company has a market capitalization of $127.56 billion, a PE ratio of 18.21, a P/E/G ratio of 1.99 and a beta of 0.93. The company has a fifty day simple moving average of $413.25 and a two-hundred day simple moving average of $388.48. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on DE. Barclays lifted their price objective 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. UBS Group lifted their price target on Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. upped their price objective on Deere & Company from $420.00 to $450.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Truist Financial raised their price objective on Deere & Company from $496.00 to $538.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Deere & Company from $402.00 to $389.00 and set a "hold" rating for the company in a research note on Thursday, August 8th. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $436.41.

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.