Nomura Asset Management Co. Ltd. Buys 3,860 Shares of Deere & Company (NYSE:DE)

Nomura Asset Management Co. Ltd. lifted its stake in Deere & Company (NYSE:DE - Free Report) by 5.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,478 shares of the industrial products company's stock after acquiring an additional 3,860 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Deere & Company were worth $33,169,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DE. MML Investors Services LLC grew its position in Deere & Company by 6.4% during the third quarter. MML Investors Services LLC now owns 56,788 shares of the industrial products company's stock worth $23,699,000 after buying an additional 3,437 shares in the last quarter. Dunhill Financial LLC increased its position in shares of Deere & Company by 12.8% during the third quarter. Dunhill Financial LLC now owns 265 shares of the industrial products company's stock valued at $111,000 after purchasing an additional 30 shares during the period. Zacks Investment Management raised its stake in shares of Deere & Company by 22.7% in the third quarter. Zacks Investment Management now owns 2,235 shares of the industrial products company's stock valued at $933,000 after purchasing an additional 413 shares in the last quarter. National Bank of Canada FI lifted its position in Deere & Company by 37.9% in the third quarter. National Bank of Canada FI now owns 230,652 shares of the industrial products company's stock worth $96,258,000 after purchasing an additional 63,380 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its stake in Deere & Company by 11.0% during the third quarter. Kovitz Investment Group Partners LLC now owns 45,019 shares of the industrial products company's stock worth $17,560,000 after buying an additional 4,466 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DE shares. Jefferies Financial Group cut shares of Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 price objective for the company. in a research note on Friday. UBS Group raised their price target on shares of Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Barclays increased their target price on Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Morgan Stanley boosted their price target on Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. Finally, Truist Financial upped their price target on Deere & Company from $496.00 to $538.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Thirteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $443.28.

Deere & Company Trading Down 1.2 %

Shares of DE stock traded down $5.29 on Tuesday, reaching $444.13. 1,215,248 shares of the stock were exchanged, compared to its average volume of 1,442,975. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. Deere & Company has a one year low of $340.20 and a one year high of $469.39. The stock has a market cap of $121.51 billion, a PE ratio of 17.35, a P/E/G ratio of 1.90 and a beta of 0.96. The stock has a 50 day moving average price of $418.17 and a 200 day moving average price of $390.83.

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 $3.89 by $0.66. The firm had revenue of $9.28 billion during the quarter, compared to analysts' expectations of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The company's quarterly revenue was down 32.8% compared to the same quarter last year. During the same period in the previous year, the business posted $8.26 EPS. Equities research analysts forecast that Deere & Company will post 19.52 EPS for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be paid a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Deere & Company's previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a yield of 1.46%. Deere & Company's dividend payout ratio (DPR) is presently 25.31%.

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.