Deere & Company (NYSE:DE) Stock Holdings Trimmed by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. reduced its position in Deere & Company (NYSE:DE - Free Report) by 1.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,300 shares of the industrial products company's stock after selling 1,800 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Deere & Company were worth $43,110,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DE. Vanguard Group Inc. increased its position in Deere & Company by 1.2% during the first quarter. Vanguard Group Inc. now owns 21,988,363 shares of the industrial products company's stock worth $9,031,500,000 after buying an additional 263,709 shares in the last quarter. Janus Henderson Group PLC increased its position in Deere & Company by 0.5% during the first quarter. Janus Henderson Group PLC now owns 3,859,021 shares of the industrial products company's stock worth $1,585,028,000 after buying an additional 19,200 shares in the last quarter. Legal & General Group Plc increased its position in Deere & Company by 2.7% during the second quarter. Legal & General Group Plc now owns 2,254,266 shares of the industrial products company's stock worth $842,259,000 after buying an additional 60,255 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Deere & Company by 15.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,146,441 shares of the industrial products company's stock worth $802,037,000 after buying an additional 279,627 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Deere & Company by 8.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,470,159 shares of the industrial products company's stock worth $603,854,000 after buying an additional 114,116 shares in the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Up 0.3 %

Shares of DE traded up $1.26 during midday trading on Monday, reaching $401.68. 789,531 shares of the company were exchanged, compared to its average volume of 1,438,385. The stock has a 50-day moving average price of $401.23 and a 200-day moving average price of $385.41. The company has a market cap of $109.90 billion, a price-to-earnings ratio of 13.70, a P/E/G ratio of 1.35 and a beta of 0.93. Deere & Company has a 1-year low of $340.20 and a 1-year high of $420.47. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85.

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

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Monday, September 30th will be paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Monday, September 30th. Deere & Company's dividend payout ratio (DPR) is 20.06%.

Analyst Ratings Changes

Several research firms have weighed in on DE. HSBC downgraded Deere & Company from a "buy" rating to a "hold" rating in a research report on Monday, August 19th. Citigroup lifted their price objective on Deere & Company from $395.00 to $420.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Hsbc Global Res downgraded Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 19th. Oppenheimer lowered their price objective on Deere & Company from $465.00 to $448.00 and set an "outperform" rating for the company in a research report on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Deere & Company from $402.00 to $389.00 and set a "hold" rating for the company in a research report on Thursday, August 8th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Deere & Company currently has an average rating of "Hold" and an average price target of $420.69.

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.