Deere & Company (NYSE:DE) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its stake in shares of Deere & Company (NYSE:DE) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,893 shares of the industrial products company’s stock after purchasing an additional 518 shares during the period. Asset Management One Co. Ltd.’s holdings in Deere & Company were worth $43,390,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DE. Creative Planning raised its stake in Deere & Company by 2.1% during the third quarter. Creative Planning now owns 75,462 shares of the industrial products company’s stock worth $31,493,000 after purchasing an additional 1,555 shares during the period. Sumitomo Life Insurance Co. increased its holdings in shares of Deere & Company by 2.5% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 4,620 shares of the industrial products company’s stock worth $1,928,000 after buying an additional 111 shares during the last quarter. Firethorn Wealth Partners LLC purchased a new stake in shares of Deere & Company during the 3rd quarter valued at approximately $200,000. AAFMAA Wealth Management & Trust LLC lifted its holdings in Deere & Company by 19.6% in the third quarter. AAFMAA Wealth Management & Trust LLC now owns 3,090 shares of the industrial products company’s stock valued at $1,290,000 after acquiring an additional 507 shares during the last quarter. Finally, Culbertson A N & Co. Inc. lifted its holdings in Deere & Company by 2.5% in the third quarter. Culbertson A N & Co. Inc. now owns 23,937 shares of the industrial products company’s stock valued at $9,989,000 after acquiring an additional 585 shares during the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research report on Monday. Oppenheimer raised their price objective on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Morgan Stanley upped their target price on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Citigroup dropped their price target on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group lowered shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a report on Friday, December 6th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Deere & Company has a consensus rating of “Hold” and an average target price of $446.17.

Deere & Company Price Performance

DE stock opened at $466.30 on Friday. The business’s 50-day moving average is $445.86 and its two-hundred day moving average is $415.14. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The firm has a market capitalization of $127.00 billion, a P/E ratio of 18.21, a P/E/G ratio of 2.87 and a beta of 0.98. Deere & Company has a 1 year low of $340.20 and a 1 year high of $485.84.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. Analysts anticipate that Deere & Company will post 19.38 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st were given a dividend of $1.62 per share. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, December 31st. Deere & Company’s payout ratio is 25.31%.

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.