XXEC Inc. Has $7.03 Million Stock Holdings in Deere & Company (NYSE:DE)

XXEC Inc. lifted its position in shares of Deere & Company (NYSE:DE - Free Report) by 55.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,838 shares of the industrial products company's stock after purchasing an additional 6,001 shares during the period. Deere & Company comprises 5.3% of XXEC Inc.'s investment portfolio, making the stock its 9th largest holding. XXEC Inc.'s holdings in Deere & Company were worth $7,027,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in Deere & Company in the 1st quarter worth about $138,000. Sheets Smith Wealth Management bought a new stake in Deere & Company in the first quarter worth $257,000. Entropy Technologies LP purchased a new stake in Deere & Company during the first quarter valued at $1,637,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Deere & Company by 1.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 128,196 shares of the industrial products company's stock valued at $52,655,000 after purchasing an additional 1,232 shares during the period. Finally, Koshinski Asset Management Inc. increased its holdings in Deere & Company by 1.8% during the 1st quarter. Koshinski Asset Management Inc. now owns 24,773 shares of the industrial products company's stock worth $10,175,000 after purchasing an additional 427 shares during the period. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Deere & Company from $360.00 to $420.00 and gave the company a "neutral" rating in a report on Friday, October 11th. Hsbc Global Res lowered shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 19th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Deere & Company from $402.00 to $389.00 and set a "hold" rating for the company in a research report on Thursday, August 8th. Bank of America lifted their price target on shares of Deere & Company from $400.00 to $410.00 and gave the company a "neutral" rating in a report on Friday, August 16th. Finally, HSBC lowered shares of Deere & Company from a "buy" rating to a "hold" rating in a research note on Monday, August 19th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $420.69.

Deere & Company Trading Down 2.2 %

Shares of DE traded down $8.82 during mid-day trading on Tuesday, reaching $393.83. The company's stock had a trading volume of 1,144,428 shares, compared to its average volume of 1,433,454. 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 has a 52 week low of $340.20 and a 52 week high of $420.47. The company's fifty day moving average price is $403.35 and its two-hundred day moving average price is $385.61. The stock has a market cap of $107.75 billion, a PE ratio of 13.44, a P/E/G ratio of 1.50 and a beta of 0.93.

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

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Monday, September 30th. Deere & Company's dividend payout ratio (DPR) is 20.06%.

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.