Mirae Asset Global Investments Co. Ltd. Purchases 4,997 Shares of Deere & Company $DE

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Deere & Company (NYSE:DE) by 9.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 59,602 shares of the industrial products company’s stock after acquiring an additional 4,997 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Deere & Company were worth $27,749,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Csenge Advisory Group boosted its stake in Deere & Company by 84.9% during the 3rd quarter. Csenge Advisory Group now owns 7,440 shares of the industrial products company’s stock valued at $3,402,000 after purchasing an additional 3,416 shares during the last quarter. Compagnie Lombard Odier SCmA raised its stake in shares of Deere & Company by 66.1% in the third quarter. Compagnie Lombard Odier SCmA now owns 27,568 shares of the industrial products company’s stock worth $12,606,000 after purchasing an additional 10,974 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its stake in shares of Deere & Company by 263.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 17,308 shares of the industrial products company’s stock worth $7,942,000 after purchasing an additional 12,551 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Deere & Company by 14.6% in the third quarter. Public Sector Pension Investment Board now owns 21,174 shares of the industrial products company’s stock valued at $9,682,000 after purchasing an additional 2,702 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Deere & Company by 2.2% in the third quarter. Asset Management One Co. Ltd. now owns 110,328 shares of the industrial products company’s stock valued at $50,449,000 after purchasing an additional 2,373 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on DE shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a research report on Monday, December 29th. Raymond James Financial restated an “outperform” rating and set a $765.00 price objective on shares of Deere & Company in a research note on Monday, February 23rd. Wells Fargo & Company lifted their price objective on shares of Deere & Company from $543.00 to $750.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. DA Davidson upped their target price on shares of Deere & Company from $580.00 to $775.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, Wolfe Research increased their target price on shares of Deere & Company from $550.00 to $660.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Sixteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $655.45.

Deere & Company Stock Performance

DE stock opened at $590.10 on Friday. The firm has a market cap of $159.39 billion, a PE ratio of 33.26, a P/E/G ratio of 2.04 and a beta of 0.98. The company has a quick ratio of 1.96, a current ratio of 2.21 and a debt-to-equity ratio of 1.59. The business has a 50 day moving average of $595.10 and a 200-day moving average of $521.29. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.52. The company had revenue of $9.61 billion during the quarter, compared to the consensus estimate of $7.50 billion. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.Deere & Company’s revenue was up 17.5% on a year-over-year basis. During the same period last year, the business posted $3.19 earnings per share. As a group, sell-side analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. Deere & Company’s dividend payout ratio (DPR) is currently 36.53%.

Deere & Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.