Tableaux LLC Has $5.04 Million Position in Deere & Company $DE

Tableaux LLC boosted its stake in shares of Deere & Company (NYSE:DE) by 539.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,918 shares of the industrial products company’s stock after purchasing an additional 8,366 shares during the period. Deere & Company comprises approximately 0.4% of Tableaux LLC’s holdings, making the stock its 25th largest position. Tableaux LLC’s holdings in Deere & Company were worth $5,043,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DE. Nuveen LLC purchased a new position in shares of Deere & Company during the 1st quarter valued at $571,073,000. TD Asset Management Inc boosted its position in Deere & Company by 132.0% during the second quarter. TD Asset Management Inc now owns 721,638 shares of the industrial products company’s stock valued at $366,946,000 after purchasing an additional 410,636 shares during the last quarter. Voya Investment Management LLC grew its stake in Deere & Company by 97.1% in the first quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company’s stock valued at $344,442,000 after purchasing an additional 361,526 shares in the last quarter. Vanguard Group Inc. grew its stake in Deere & Company by 1.4% in the second quarter. Vanguard Group Inc. now owns 22,372,671 shares of the industrial products company’s stock valued at $11,376,279,000 after purchasing an additional 309,081 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Deere & Company by 4.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company’s stock worth $3,227,258,000 after purchasing an additional 286,253 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DE shares. Royal Bank Of Canada started coverage on Deere & Company in a report on Wednesday, October 22nd. They set an “outperform” rating and a $542.00 price target for the company. Citigroup decreased their target price on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. Sanford C. Bernstein raised their price target on shares of Deere & Company from $487.00 to $521.00 and gave the company a “market perform” rating in a report on Thursday, November 13th. Daiwa Capital Markets reduced their price objective on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a research note on Thursday, September 25th. Finally, Wells Fargo & Company started coverage on shares of Deere & Company in a research report on Thursday, November 13th. They set an “overweight” rating and a $543.00 target price on the stock. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $519.85.

Deere & Company Price Performance

Shares of Deere & Company stock opened at $487.03 on Friday. Deere & Company has a fifty-two week low of $403.01 and a fifty-two week high of $533.78. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The company has a market cap of $131.66 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04. The firm has a fifty day moving average price of $466.30 and a two-hundred day moving average price of $490.82.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Tuesday, September 30th were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 30th. Deere & Company’s dividend payout ratio is presently 33.87%.

Deere & 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.