Deere & Company (NYSE:DE) Shares Acquired by Banco Santander S.A.

Banco Santander S.A. raised its stake in shares of Deere & Company (NYSE:DE - Free Report) by 5.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,866 shares of the industrial products company's stock after purchasing an additional 957 shares during the period. Banco Santander S.A.'s holdings in Deere & Company were worth $6,675,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. True Wealth Design LLC raised its position in Deere & Company by 1,180.0% in the fourth quarter. True Wealth Design LLC now owns 64 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 59 shares during the period. Pineridge Advisors LLC lifted its holdings in Deere & Company by 725.0% in the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company's stock worth $27,000 after buying an additional 58 shares in the last quarter. Private Wealth Management Group LLC purchased a new position in Deere & Company in the 4th quarter valued at about $29,000. Livelsberger Financial Advisory acquired a new position in shares of Deere & Company in the fourth quarter worth about $30,000. Finally, Spartan Planning & Wealth Management acquired a new stake in Deere & Company during the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 68.58% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on DE. HSBC lowered Deere & Company from a "buy" rating to a "hold" rating in a report on Monday, August 19th. Oppenheimer cut their target price on Deere & Company from $465.00 to $448.00 and set an "outperform" rating on the stock in a research note on Monday, July 22nd. JPMorgan Chase & Co. decreased their price target on Deere & Company from $375.00 to $360.00 and set a "neutral" rating for the company in a research note on Tuesday, August 13th. Citigroup dropped their price objective on Deere & Company from $395.00 to $370.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 13th. Finally, Raymond James began coverage on shares of Deere & Company in a report on Friday, June 28th. They set an "outperform" rating and a $420.00 target price for the company. Fourteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $414.11.

Insider Activity at Deere & Company

In other news, insider Cory J. Reed sold 13,370 shares of the business's stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $377.63, for a total value of $5,048,913.10. Following the sale, the insider now directly owns 41,642 shares in the company, valued at $15,725,268.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.26% of the stock is owned by insiders.

Deere & Company Price Performance

Shares of Deere & Company stock traded up $4.08 during mid-day trading on Thursday, reaching $382.03. 1,075,040 shares of the stock were exchanged, compared to its average volume of 1,529,431. The company has a market cap of $105.28 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 1.59 and a beta of 0.93. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $423.35. The company has a current ratio of 2.01, a quick ratio of 1.80 and a debt-to-equity ratio of 1.81. The firm has a 50-day simple moving average of $367.72 and a 200 day simple moving average of $379.82.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, beating analysts' consensus estimates 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 42.26% and a net margin of 16.15%. The business's quarterly revenue was down 20.3% compared to the same quarter last year. During the same period last year, the company earned $10.20 EPS. On average, sell-side analysts predict that Deere & Company will post 25.41 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Monday, September 30th. Deere & Company's dividend payout ratio is currently 17.70%.

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.

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