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Edgestream Partners L.P. Purchases 11,955 Shares of Deere & Company (NYSE:DE)

Deere & Company logo with Industrial Products background

Edgestream Partners L.P. grew its position in Deere & Company (NYSE:DE - Free Report) by 2,068.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,533 shares of the industrial products company's stock after acquiring an additional 11,955 shares during the quarter. Edgestream Partners L.P.'s holdings in Deere & Company were worth $5,230,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fairscale Capital LLC bought a new stake in shares of Deere & Company in the 2nd quarter worth approximately $26,000. Livelsberger Financial Advisory bought a new stake in Deere & Company in the third quarter valued at $32,000. Olistico Wealth LLC bought a new stake in Deere & Company in the second quarter valued at $37,000. Centennial Bank AR boosted its holdings in shares of Deere & Company by 420.0% during the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 84 shares during the period. Finally, Briaud Financial Planning Inc grew its position in shares of Deere & Company by 73.5% during the second quarter. Briaud Financial Planning Inc now owns 118 shares of the industrial products company's stock worth $44,000 after acquiring an additional 50 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Performance

Shares of NYSE:DE traded down $0.10 on Friday, hitting $465.90. 732,229 shares of the company were exchanged, compared to its average volume of 1,519,499. The company's 50 day moving average price is $413.25 and its two-hundred day moving average price is $388.13. The firm has a market capitalization of $127.47 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.99 and a beta of 0.93. 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 has a one year low of $340.20 and a one year high of $469.39.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping the consensus estimate of $3.90 by $0.65. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates 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 for the quarter was down 32.8% compared to the same quarter last year. During the same quarter last year, the firm earned $8.26 EPS. Research analysts expect that Deere & Company will post 19.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DE has been the subject of several analyst reports. Citigroup boosted their price objective on Deere & Company from $395.00 to $420.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Bank of America boosted their price target on Deere & Company from $400.00 to $410.00 and gave the stock a "neutral" rating in a research report on Friday, August 16th. UBS Group raised their price target on Deere & Company from $404.00 to $462.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. HSBC cut shares of Deere & Company from a "buy" rating to a "hold" rating in a research note on Monday, August 19th. Finally, Oppenheimer increased their target price on shares of Deere & Company from $448.00 to $477.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. Twelve equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Deere & Company currently has a consensus rating of "Hold" and an average price target of $436.41.

Get Our Latest Report on DE

Deere & Company 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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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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