UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 85,401 Shares of Deere & Company (NYSE:DE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Deere & Company (NYSE:DE - Free Report) by 5.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,731,801 shares of the industrial products company's stock after acquiring an additional 85,401 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.63% of Deere & Company worth $722,733,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Fairscale Capital LLC purchased a new stake in Deere & Company in the 2nd quarter worth $26,000. Livelsberger Financial Advisory purchased a new stake in shares of Deere & Company in the third quarter worth about $32,000. Olistico Wealth LLC bought a new position in Deere & Company during the second quarter valued at approximately $37,000. Centennial Bank AR grew its holdings in Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock valued at $39,000 after buying an additional 84 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in Deere & Company in the 3rd quarter worth approximately $47,000. Institutional investors own 68.58% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DE shares. JPMorgan Chase & Co. increased their target price on Deere & Company from $420.00 to $450.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Evercore ISI boosted their target price on shares of Deere & Company from $371.00 to $378.00 and gave the stock an "in-line" rating in a report on Monday, August 19th. Hsbc Global Res cut shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 19th. Barclays lifted their price target on Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Finally, HSBC downgraded Deere & Company from a "buy" rating to a "hold" rating in a research report on Monday, August 19th. Twelve analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $436.41.

Deere & Company Trading Up 1.1 %

DE traded up $4.96 on Thursday, reaching $466.00. 1,258,787 shares of the company traded hands, compared to its average volume of 1,454,089. The company has a market cap of $127.50 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 1.91 and a beta of 0.93. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. Deere & Company has a one year low of $340.20 and a one year high of $469.39. The firm has a fifty day simple moving average of $412.04 and a two-hundred day simple moving average of $388.07.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $3.90 by $0.65. The firm had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The company's revenue was down 32.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.26 earnings per share. As a group, equities research analysts expect that Deere & Company will post 20.23 earnings per share for the current year.

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.