Swiss National Bank Has $324.27 Million Stock Holdings in Deere & Company (NYSE:DE)

Swiss National Bank trimmed its position in Deere & Company (NYSE:DE - Free Report) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 777,000 shares of the industrial products company's stock after selling 5,900 shares during the quarter. Swiss National Bank owned 0.28% of Deere & Company worth $324,265,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairscale Capital LLC bought a new position in shares of Deere & Company during the 2nd quarter worth approximately $26,000. Pineridge Advisors LLC raised its stake in Deere & Company by 725.0% during the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company's stock worth $27,000 after acquiring an additional 58 shares in the last quarter. Livelsberger Financial Advisory bought a new position in shares of Deere & Company during the third quarter valued at $32,000. Olistico Wealth LLC acquired a new stake in shares of Deere & Company in the 2nd quarter valued at $37,000. Finally, Centennial Bank AR grew its holdings in shares of Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock worth $39,000 after purchasing an additional 84 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DE has been the topic of a number of recent analyst reports. Hsbc Global Res lowered shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 19th. Truist Financial increased their price target on Deere & Company from $443.00 to $496.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Oppenheimer cut 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. Deutsche Bank Aktiengesellschaft decreased their target price on Deere & Company from $402.00 to $389.00 and set a "hold" rating on the stock in a report on Thursday, August 8th. Finally, Bank of America upped their price target on shares of Deere & Company from $400.00 to $410.00 and gave the stock a "neutral" rating in a research report on Friday, August 16th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Deere & Company presently has an average rating of "Hold" and a consensus price target of $420.69.

Deere & Company Trading Up 1.1 %

Shares of Deere & Company stock traded up $4.31 on Friday, hitting $398.95. 1,168,176 shares of the company's stock traded hands, compared to its average volume of 1,015,799. The firm's 50-day moving average price is $404.03 and its two-hundred day moving average price is $385.64. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87. The stock has a market capitalization of $109.15 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Deere & Company has a one year low of $340.20 and a one year high of $420.47.

Deere & Company (NYSE:DE - Get Free Report) last released 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 business had revenue of $11.39 billion during the quarter, compared to the consensus estimate of $10.94 billion. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The firm's revenue was down 20.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $10.20 earnings per share. On average, research analysts expect that Deere & Company will post 25 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were given 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 dividend payout ratio is 20.06%.

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.