Swiss National Bank Decreases Stake in Deere & Company (NYSE:DE)

Swiss National Bank reduced its stake in Deere & Company (NYSE:DE) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 777,000 shares of the industrial products company’s stock after selling 5,900 shares during the period. Swiss National Bank’s holdings in Deere & Company were worth $324,265,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Pineridge Advisors LLC increased its stake in shares of Deere & Company by 725.0% during the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after buying an additional 58 shares during the period. Fairscale Capital LLC purchased a new position in shares of Deere & Company during the second quarter valued at approximately $26,000. Livelsberger Financial Advisory purchased a new position in shares of Deere & Company during the third quarter valued at approximately $32,000. Olistico Wealth LLC purchased a new position in shares of Deere & Company during the second quarter valued at approximately $37,000. Finally, Centennial Bank AR increased its stake in shares of Deere & Company by 420.0% during the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after buying an additional 84 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DE shares. JPMorgan Chase & Co. boosted their target price on Deere & Company from $360.00 to $420.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Hsbc Global Res cut Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Oppenheimer reduced their price target on Deere & Company from $465.00 to $448.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Evercore ISI upped their price target on Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a research note on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Deere & Company has a consensus rating of “Hold” and a consensus target price of $420.69.

Deere & Company Trading Up 1.1 %

Deere & Company stock opened at $398.95 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85. The business’s fifty day simple moving average is $404.03 and its two-hundred day simple moving average is $385.65. Deere & Company has a 12 month low of $340.20 and a 12 month high of $420.47. The company has a market capitalization of $109.15 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.63 by $0.66. The firm had revenue of $11.39 billion for the quarter, compared to the consensus estimate of $10.94 billion. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The company’s quarterly revenue was down 20.3% on a year-over-year basis. During the same period in the prior year, the company posted $10.20 earnings per share. As a group, equities analysts predict that Deere & Company will post 25 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, September 30th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Monday, September 30th. Deere & Company’s payout ratio is currently 20.06%.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.