IFM Investors Pty Ltd raised its stake in Deere & Company (NYSE:DE) by 12.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 24,672 shares of the industrial products company’s stock after buying an additional 2,758 shares during the quarter. IFM Investors Pty Ltd’s holdings in Deere & Company were worth $5,468,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Stillwater Investment Management LLC raised its holdings in Deere & Company by 0.3% in the 3rd quarter. Stillwater Investment Management LLC now owns 15,198 shares of the industrial products company’s stock valued at $3,368,000 after acquiring an additional 46 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in Deere & Company by 3.2% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 1,635 shares of the industrial products company’s stock valued at $362,000 after acquiring an additional 51 shares in the last quarter. IFP Advisors Inc raised its holdings in Deere & Company by 2.6% in the 2nd quarter. IFP Advisors Inc now owns 2,162 shares of the industrial products company’s stock valued at $331,000 after acquiring an additional 55 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in Deere & Company by 3.2% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,822 shares of the industrial products company’s stock valued at $286,000 after acquiring an additional 57 shares in the last quarter. Finally, WealthPLAN Partners LLC increased its stake in shares of Deere & Company by 2.3% in the 2nd quarter. WealthPLAN Partners LLC now owns 2,695 shares of the industrial products company’s stock valued at $511,000 after purchasing an additional 60 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on DE. Barclays lifted their price target on Deere & Company from $180.00 to $215.00 and gave the company an “overweight” rating in a research note on Monday, August 24th. JPMorgan Chase & Co. boosted their price objective on Deere & Company from $174.00 to $201.00 and gave the stock an “underweight” rating in a research report on Thursday, October 8th. They noted that the move was a valuation call. Credit Suisse Group upped their price target on Deere & Company from $179.00 to $223.00 and gave the company an “outperform” rating in a research report on Monday, August 24th. Royal Bank of Canada boosted their price objective on Deere & Company from $180.00 to $228.00 and gave the company an “outperform” rating in a research note on Monday, August 24th. Finally, BMO Capital Markets boosted their price objective on Deere & Company from $150.00 to $235.00 and gave the company an “outperform” rating in a research note on Monday, August 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $216.08.

In other Deere & Company news, CAO Marc A. Howze sold 7,996 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $208.17, for a total transaction of $1,664,527.32. Following the sale, the chief accounting officer now owns 22,440 shares in the company, valued at $4,671,334.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Pentz Markwart Von sold 9,912 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $185.00, for a total value of $1,833,720.00. Following the sale, the insider now owns 70,324 shares in the company, valued at approximately $13,009,940. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,668 shares of company stock valued at $5,435,047. 0.70% of the stock is owned by corporate insiders.

Shares of DE stock traded up $1.82 during trading on Friday, hitting $240.06. The company’s stock had a trading volume of 1,652,689 shares, compared to its average volume of 1,803,626. The company has a market cap of $75.23 billion, a PE ratio of 27.98, a P/E/G ratio of 3.84 and a beta of 0.92. The company has a current ratio of 2.26, a quick ratio of 2.03 and a debt-to-equity ratio of 2.64. The business has a fifty day moving average of $220.30 and a 200-day moving average of $173.20. Deere & Company has a 52 week low of $106.14 and a 52 week high of $243.40.

Deere & Company (NYSE:DE) last released its earnings results on Friday, August 21st. The industrial products company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $1.31. The company had revenue of $7.86 billion during the quarter, compared to analyst estimates of $6.70 billion. Deere & Company had a return on equity of 22.24% and a net margin of 7.61%. Deere & Company’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.71 earnings per share. As a group, research analysts predict that Deere & Company will post 7.54 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 1.27%. The ex-dividend date is Tuesday, September 29th. Deere & Company’s dividend payout ratio (DPR) is 30.58%.

Deere & Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment provides various agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural management systems technology and solutions; and other outdoor power products.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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