Chevy Chase Trust Holdings LLC decreased its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 139,873 shares of the industrial products company's stock after selling 3,961 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Deere & Company worth $58,373,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Stockbridge Partners LLC lifted its stake in shares of Deere & Company by 157.5% in the 3rd quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company's stock worth $369,019,000 after acquiring an additional 540,874 shares during the period. Oppenheimer Asset Management Inc. lifted its position in Deere & Company by 20.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 15,808 shares of the industrial products company's stock valued at $5,906,000 after purchasing an additional 2,692 shares during the period. Chase Investment Counsel Corp boosted its holdings in Deere & Company by 53.8% in the 3rd quarter. Chase Investment Counsel Corp now owns 4,000 shares of the industrial products company's stock valued at $1,669,000 after purchasing an additional 1,400 shares in the last quarter. Balentine LLC purchased a new stake in Deere & Company in the 3rd quarter valued at approximately $710,000. Finally, Captrust Financial Advisors increased its position in Deere & Company by 2.7% during the 3rd quarter. Captrust Financial Advisors now owns 155,184 shares of the industrial products company's stock worth $64,763,000 after purchasing an additional 4,051 shares during the period. Hedge funds and other institutional investors own 68.58% of the company's stock.
Deere & Company Price Performance
Shares of NYSE:DE traded down $1.78 on Tuesday, reaching $461.17. 613,109 shares of the company traded hands, compared to its average volume of 1,446,722. The stock has a market capitalization of $126.18 billion, a PE ratio of 18.07, a P/E/G ratio of 1.99 and a beta of 0.96. 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 company's 50 day moving average is $413.25 and its 200-day moving average is $388.13. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $469.39.
Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating the consensus estimate of $3.90 by $0.65. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. Deere & Company's revenue was down 32.8% compared to the same quarter last year. During the same period in the prior year, the business posted $8.26 earnings per share. As a group, analysts anticipate that Deere & Company will post 19.52 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
DE has been the topic of a number of analyst reports. Truist Financial lifted their price target on Deere & Company from $496.00 to $538.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. BMO Capital Markets started coverage on shares of Deere & Company in a research report on Friday, August 9th. They set a "market perform" rating and a $400.00 target price on the stock. Barclays increased their price target on shares of Deere & Company from $400.00 to $475.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Oppenheimer boosted their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Finally, Citigroup upped their target price on shares of Deere & Company from $395.00 to $420.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Twelve equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $436.41.
View Our Latest Report on DE
Deere & Company Profile
(
Free Report)
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.
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