Premier Fund Managers Ltd boosted its holdings in Deere & Company (NYSE:DE - Free Report) by 5.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,899 shares of the industrial products company's stock after buying an additional 1,693 shares during the period. Premier Fund Managers Ltd's holdings in Deere & Company were worth $12,918,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC bought a new position in shares of Deere & Company in the 1st quarter worth $69,000. LGT Group Foundation bought a new position in Deere & Company during the first quarter worth about $115,000. EP Wealth Advisors LLC grew its position in shares of Deere & Company by 19.0% during the 1st quarter. EP Wealth Advisors LLC now owns 2,879 shares of the industrial products company's stock worth $1,183,000 after buying an additional 460 shares during the period. Axxcess Wealth Management LLC increased its stake in shares of Deere & Company by 3.0% in the 1st quarter. Axxcess Wealth Management LLC now owns 7,609 shares of the industrial products company's stock valued at $3,125,000 after acquiring an additional 223 shares during the last quarter. Finally, Capital International Inc. CA raised its position in shares of Deere & Company by 24.9% in the 1st quarter. Capital International Inc. CA now owns 6,661 shares of the industrial products company's stock valued at $2,736,000 after acquiring an additional 1,326 shares during the period. 68.58% of the stock is owned by institutional investors.
Deere & Company Price Performance
Shares of DE opened at $400.13 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85. The company's fifty day simple moving average is $404.63 and its 200 day simple moving average is $385.69. Deere & Company has a 1-year low of $340.20 and a 1-year high of $420.47. The company has a market cap of $109.47 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 1.52 and a beta of 0.93.
Deere & Company Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, September 30th were issued a $1.47 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.47%. Deere & Company's payout ratio is 20.06%.
Analyst Upgrades and Downgrades
DE has been the subject of a number of analyst reports. Morgan Stanley lowered their target price on shares of Deere & Company from $450.00 to $425.00 and set an "overweight" rating for the company in a research note on Monday, August 26th. HSBC cut Deere & Company from a "buy" rating to a "hold" rating in a report on Monday, August 19th. Citigroup boosted their price target on Deere & Company from $395.00 to $420.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on Deere & Company from $402.00 to $389.00 and set a "hold" rating for the company in a report on Thursday, August 8th. Finally, Hsbc Global Res cut Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 19th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $420.69.
Check Out Our Latest Stock Report on Deere & Company
About Deere & Company
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Free Report)
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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