Deere & Company (NYSE:DE) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 61.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,000 shares of the industrial products company's stock after selling 127,400 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in Deere & Company were worth $33,386,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Oppenheimer Asset Management Inc. lifted its holdings in shares of Deere & Company by 20.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 15,808 shares of the industrial products company's stock worth $5,906,000 after purchasing an additional 2,692 shares in the last quarter. Chase Investment Counsel Corp grew its holdings in shares of Deere & Company by 53.8% during the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the industrial products company's stock valued at $1,669,000 after buying an additional 1,400 shares during the last quarter. Balentine LLC bought a new stake in shares of Deere & Company during the third quarter worth about $710,000. Douglass Winthrop Advisors LLC raised its holdings in shares of Deere & Company by 2.9% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 273,207 shares of the industrial products company's stock worth $114,017,000 after acquiring an additional 7,753 shares during the last quarter. Finally, Royal Fund Management LLC lifted its position in Deere & Company by 99.8% in the 3rd quarter. Royal Fund Management LLC now owns 6,454 shares of the industrial products company's stock valued at $2,694,000 after acquiring an additional 3,223 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays upped their price objective on Deere & Company from $400.00 to $475.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. HSBC cut Deere & Company from a "buy" rating to a "hold" rating in a research note on Monday, August 19th. Morgan Stanley lifted their price objective on Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a research report on Monday. Oppenheimer lifted their target price on shares of Deere & Company from $448.00 to $477.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Deere & Company from $420.00 to $450.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $436.41.

Deere & Company Stock Performance

Shares of Deere & Company stock traded up $4.96 during trading on Thursday, hitting $466.00. 1,258,787 shares of the company's stock were exchanged, compared to its average volume of 1,454,089. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The business has a 50-day simple moving average of $410.91 and a 200-day simple moving average of $387.53. Deere & Company has a 52-week low of $340.20 and a 52-week high of $469.39. The stock has a market capitalization of $127.50 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.91 and a beta of 0.93.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly 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 company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm's revenue was down 32.8% on a year-over-year basis. During the same quarter last year, the business earned $8.26 earnings per share. On average, research analysts forecast that Deere & Company will post 20.23 EPS for the current year.

Deere & Company 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.