Schroder Investment Management Group Grows Stock Position in Deere & Company $DE

Schroder Investment Management Group increased its holdings in Deere & Company (NYSE:DE) by 11.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 509,771 shares of the industrial products company’s stock after acquiring an additional 53,545 shares during the period. Schroder Investment Management Group owned approximately 0.19% of Deere & Company worth $259,213,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DE. Norges Bank purchased a new stake in Deere & Company in the 2nd quarter valued at about $1,578,243,000. Nuveen LLC purchased a new stake in shares of Deere & Company in the 1st quarter valued at approximately $571,073,000. TD Asset Management Inc lifted its holdings in shares of Deere & Company by 132.0% in the 2nd quarter. TD Asset Management Inc now owns 721,638 shares of the industrial products company’s stock worth $366,946,000 after acquiring an additional 410,636 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of Deere & Company by 97.1% during the 1st quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company’s stock worth $344,442,000 after purchasing an additional 361,526 shares during the period. Finally, Laurel Wealth Advisors LLC increased its holdings in Deere & Company by 50,691.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 332,179 shares of the industrial products company’s stock valued at $168,910,000 after purchasing an additional 331,525 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wolfe Research decreased their price target on Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Evercore ISI reiterated a “positive” rating on shares of Deere & Company in a report on Friday. Wall Street Zen lowered Deere & Company from a “hold” rating to a “sell” rating in a research note on Friday. Sanford C. Bernstein boosted their price target on shares of Deere & Company from $487.00 to $521.00 and gave the stock a “market perform” rating in a research note on Thursday, November 13th. Finally, DA Davidson dropped their price objective on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $519.45.

Insiders Place Their Bets

In other news, CEO John C. May II sold 11,106 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $500.08, for a total transaction of $5,553,888.48. Following the completion of the transaction, the chief executive officer directly owned 112,453 shares of the company’s stock, valued at approximately $56,235,496.24. This represents a 8.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.29% of the stock is currently owned by corporate insiders.

Deere & Company Stock Down 0.8%

DE stock opened at $465.95 on Friday. The company’s 50 day moving average price is $467.10 and its 200 day moving average price is $490.59. The firm has a market capitalization of $125.96 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 3.05 and a beta of 1.04. 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 quick ratio of 1.98 and a current ratio of 2.19.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The firm had revenue of $12.39 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter in the prior year, the firm earned $4.55 EPS. The firm’s revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

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.