Deere & Company (NYSE:DE) Shares Acquired by National Asset Management Inc.

National Asset Management Inc. raised its holdings in shares of Deere & Company (NYSE:DE) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,376 shares of the industrial products company’s stock after acquiring an additional 385 shares during the period. National Asset Management Inc.’s holdings in Deere & Company were worth $1,019,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Toroso Investments LLC lifted its stake in Deere & Company by 503.7% during the 1st quarter. Toroso Investments LLC now owns 13,927 shares of the industrial products company’s stock valued at $1,924,000 after acquiring an additional 11,620 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Deere & Company by 3.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 87,481 shares of the industrial products company’s stock valued at $12,086,000 after purchasing an additional 2,945 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Deere & Company by 34.2% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 16,411 shares of the industrial products company’s stock valued at $2,267,000 after purchasing an additional 4,180 shares in the last quarter. CORDA Investment Management LLC. increased its holdings in shares of Deere & Company by 5.6% during the 1st quarter. CORDA Investment Management LLC. now owns 166,864 shares of the industrial products company’s stock valued at $23,054,000 after purchasing an additional 8,853 shares in the last quarter. Finally, Commerce Bank increased its holdings in shares of Deere & Company by 1.3% during the 1st quarter. Commerce Bank now owns 226,720 shares of the industrial products company’s stock valued at $31,324,000 after purchasing an additional 2,968 shares in the last quarter. Institutional investors and hedge funds own 67.55% of the company’s stock.

DE has been the subject of several recent research reports. Deutsche Bank lifted their target price on shares of Deere & Company from $169.00 to $175.00 and gave the company a “hold” rating in a report on Monday, February 24th. Citigroup cut their target price on shares of Deere & Company from $155.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $210.00 target price on shares of Deere & Company in a report on Monday, February 24th. Goldman Sachs Group cut their target price on shares of Deere & Company from $208.00 to $182.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Finally, Morgan Stanley cut their price target on shares of Deere & Company from $205.00 to $171.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $168.04.

Shares of Deere & Company stock traded down $2.10 during trading hours on Friday, reaching $140.71. 3,426,656 shares of the company’s stock were exchanged, compared to its average volume of 1,765,039. Deere & Company has a 1 year low of $106.14 and a 1 year high of $181.99. The company has a market capitalization of $44.79 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 3.35 and a beta of 0.93. The business has a fifty day moving average of $137.27 and a two-hundred day moving average of $157.92. The company has a quick ratio of 1.84, a current ratio of 2.12 and a debt-to-equity ratio of 2.55.

Deere & Company (NYSE:DE) last released its earnings results on Friday, May 22nd. The industrial products company reported $2.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.12. Deere & Company had a net margin of 8.41% and a return on equity of 26.92%. The business had revenue of $8.22 billion during the quarter, compared to analyst estimates of $7.68 billion. During the same quarter in the prior year, the firm earned $3.52 earnings per share. The company’s revenue for the quarter was down 19.9% compared to the same quarter last year. As a group, research analysts predict that Deere & Company will post 6.09 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Monday, March 30th. Deere & Company’s payout ratio is 30.58%.

About Deere & Company

Deere & Company 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 offers agriculture and turf equipment, and related 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; and tillage, seeding, and application equipment.

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

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