Iyo Bank Ltd. Purchases 3,910 Shares of Deere & Company (NYSE:DE)

Iyo Bank Ltd. lifted its position in Deere & Company (NYSE:DE - Free Report) by 76.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,040 shares of the industrial products company's stock after purchasing an additional 3,910 shares during the quarter. Deere & Company comprises about 1.3% of Iyo Bank Ltd.'s investment portfolio, making the stock its 23rd biggest position. Iyo Bank Ltd.'s holdings in Deere & Company were worth $3,773,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. WealthPlan Investment Management LLC purchased a new stake in shares of Deere & Company in the third quarter valued at approximately $351,000. First National Trust Co increased its stake in Deere & Company by 1.6% during the 3rd quarter. First National Trust Co now owns 2,422 shares of the industrial products company's stock worth $1,011,000 after buying an additional 37 shares in the last quarter. WealthPLAN Partners LLC grew its position in shares of Deere & Company by 4.5% in the third quarter. WealthPLAN Partners LLC now owns 2,547 shares of the industrial products company's stock valued at $1,063,000 after purchasing an additional 110 shares in the last quarter. Apollon Wealth Management LLC grew its position in shares of Deere & Company by 2.6% in the third quarter. Apollon Wealth Management LLC now owns 14,943 shares of the industrial products company's stock valued at $6,236,000 after purchasing an additional 375 shares in the last quarter. Finally, Opinicus Capital Inc. lifted its holdings in Deere & Company by 6.7% in the third quarter. Opinicus Capital Inc. now owns 3,705 shares of the industrial products company's stock valued at $1,546,000 after acquiring an additional 234 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DE. JPMorgan Chase & Co. upped their price objective on Deere & Company from $360.00 to $420.00 and gave the stock a "neutral" rating in a research report on Friday, October 11th. Morgan Stanley dropped their price objective on Deere & Company from $450.00 to $425.00 and set an "overweight" rating on the stock in a report on Monday, August 26th. BMO Capital Markets began coverage on shares of Deere & Company in a research note on Friday, August 9th. They set a "market perform" rating and a $400.00 target price for the company. Bank of America increased their target price on shares of Deere & Company from $400.00 to $410.00 and gave the stock a "neutral" rating in a research note on Friday, August 16th. Finally, Oppenheimer decreased their target price on shares of Deere & Company from $465.00 to $448.00 and set an "outperform" rating for the company in a research note on Monday, July 22nd. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $420.69.

Deere & Company Stock Down 1.8 %

DE stock traded down $7.36 during mid-day trading on Tuesday, hitting $395.29. 378,199 shares of the company were exchanged, compared to its average volume of 1,429,808. Deere & Company has a 1-year low of $340.20 and a 1-year high of $420.47. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07. The firm's 50 day simple moving average is $403.35 and its 200 day simple moving average is $385.61. The firm has a market cap of $108.15 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.50 and a beta of 0.93.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share for the quarter, topping the consensus estimate of $5.63 by $0.66. The firm had revenue of $11.39 billion for the quarter, compared to analyst estimates of $10.94 billion. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The business's quarterly revenue was down 20.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $10.20 EPS. On average, sell-side analysts predict that Deere & Company will post 25 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Monday, September 30th. Deere & Company's dividend payout ratio is currently 20.06%.

About Deere & Company

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.