Oddo BHF Asset Management Sas Takes $3.63 Million Position in Deere & Company (NYSE:DE)

Oddo BHF Asset Management Sas bought a new position in shares of Deere & Company (NYSE:DE - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,700 shares of the industrial products company's stock, valued at approximately $3,631,000.

A number of other institutional investors also recently made changes to their positions in the company. Stockbridge Partners LLC grew its stake in Deere & Company by 157.5% during the third quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company's stock worth $369,019,000 after buying an additional 540,874 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Deere & Company by 20.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 15,808 shares of the industrial products company's stock valued at $5,906,000 after acquiring an additional 2,692 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Deere & Company by 1.5% in the 3rd quarter. Toronto Dominion Bank now owns 86,952 shares of the industrial products company's stock valued at $36,288,000 after purchasing an additional 1,291 shares in the last quarter. Chase Investment Counsel Corp grew its holdings in shares of Deere & Company by 53.8% during the 3rd quarter. Chase Investment Counsel Corp now owns 4,000 shares of the industrial products company's stock valued at $1,669,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Balentine LLC bought a new position in shares of Deere & Company in the 3rd quarter valued at $710,000. Institutional investors own 68.58% of the company's stock.

Wall Street Analysts Forecast Growth

DE has been the topic of a number of research analyst reports. HSBC cut Deere & Company from a "buy" rating to a "hold" rating in a report on Monday, August 19th. Truist Financial upped their price objective on shares of Deere & Company from $496.00 to $538.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Oppenheimer boosted their target price on Deere & Company from $448.00 to $477.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. Barclays lifted their price target on shares of Deere & Company from $400.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Finally, Morgan Stanley upped their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Thirteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $443.28.

Deere & Company Trading Up 0.2 %

DE traded up $0.97 during midday trading on Friday, reaching $440.45. 900,715 shares of the company's stock traded hands, compared to its average volume of 1,439,312. The stock has a market capitalization of $120.51 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.91 and a beta of 0.96. Deere & Company has a 52 week low of $340.20 and a 52 week high of $469.39. The firm has a fifty day moving average of $419.96 and a two-hundred day moving average of $392.05. 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 (NYSE:DE - Get Free Report) last released its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating analysts' consensus estimates of $3.89 by $0.66. The company 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 firm's revenue for the quarter was down 32.8% compared to the same quarter last year. During the same quarter last year, the business posted $8.26 EPS. On average, equities analysts anticipate that Deere & Company will post 19.52 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.47%. This is an increase from Deere & Company's previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. Deere & Company's dividend payout ratio is 22.97%.

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.