Raiffeisen Bank International AG Increases Holdings in Deere & Company $DE

Raiffeisen Bank International AG boosted its position in shares of Deere & Company (NYSE:DE) by 14.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,823 shares of the industrial products company’s stock after purchasing an additional 2,956 shares during the quarter. Raiffeisen Bank International AG’s holdings in Deere & Company were worth $12,072,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Western Wealth Management LLC increased its position in Deere & Company by 5.2% during the 2nd quarter. Western Wealth Management LLC now owns 1,169 shares of the industrial products company’s stock valued at $594,000 after purchasing an additional 58 shares during the period. Summitry LLC lifted its stake in shares of Deere & Company by 4.7% during the 2nd quarter. Summitry LLC now owns 803 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 36 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Deere & Company by 5.7% during the second quarter. Rockefeller Capital Management L.P. now owns 64,726 shares of the industrial products company’s stock valued at $32,913,000 after buying an additional 3,511 shares during the last quarter. Kingsview Wealth Management LLC grew its position in shares of Deere & Company by 2.6% in the 2nd quarter. Kingsview Wealth Management LLC now owns 5,504 shares of the industrial products company’s stock worth $2,799,000 after buying an additional 139 shares during the last quarter. Finally, Cornerstone Advisors LLC lifted its position in Deere & Company by 5.1% during the second quarter. Cornerstone Advisors LLC now owns 37,100 shares of the industrial products company’s stock valued at $18,865,000 after acquiring an additional 1,800 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

NYSE DE opened at $475.76 on Monday. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. Deere & Company has a twelve month low of $390.00 and a twelve month high of $533.78. The stock has a 50-day moving average of $466.04 and a 200 day moving average of $491.08. The stock has a market capitalization of $128.61 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 3.05 and a beta of 1.04.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. The firm had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The business’s revenue was down 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $6.29 EPS. Sell-side analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, September 30th. Deere & Company’s payout ratio is 33.87%.

Analysts Set New Price Targets

A number of equities research analysts have commented on DE shares. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a research note on Sunday. Royal Bank Of Canada began coverage on Deere & Company in a research report on Wednesday, October 22nd. They set an “outperform” rating and a $542.00 price target for the company. Sanford C. Bernstein increased their price target on shares of Deere & Company from $487.00 to $521.00 and gave the stock a “market perform” rating in a report on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. dropped their target price on Deere & Company from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $520.05.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.