15,167 Deere & Company $DE Shares Acquired by Candriam S.C.A.

Key Points

• Candriam S.C.A. increased its Deere stake by 24.8%, buying 15,167 shares in the third quarter to hold 76,401 shares valued at about $51.5 million.
• Analysts’ consensus was “Moderate Buy,” with 17 Buy and eight Hold ratings and an average price target of $688.10.
• Deere beat quarterly earnings and revenue estimates, reporting EPS of $5.10 and revenue of $12.61 billion; it also declared a quarterly dividend of $1.62 per share.

Candriam S.C.A. grew its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 24.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,401 shares of the industrial products company's stock after purchasing an additional 15,167 shares during the period. Candriam S.C.A.'s holdings in Deere & Company were worth $51,495,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Deere & Company during the 2nd quarter worth $11,763,504,000. Wellington Management Group LLP raised its stake in Deere & Company by 84.3% in the second quarter. Wellington Management Group LLP now owns 3,088,628 shares of the industrial products company's stock valued at $1,959,209,000 after buying an additional 1,412,694 shares during the last quarter. Bank of America Corp DE acquired a new stake in Deere & Company in the second quarter worth about $1,685,093,000. Bank of New York Mellon Corp purchased a new stake in shares of Deere & Company during the second quarter worth about $1,259,279,000. Finally, Legal & General Group Plc purchased a new stake in shares of Deere & Company during the second quarter worth about $957,456,000. Hedge funds and other institutional investors own 68.58% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on DE. Citigroup lifted their target price on shares of Deere & Company from $610.00 to $650.00 and gave the stock a "neutral" rating in a research note on Friday, August 21st. JPMorgan Chase & Co. upped their price target on shares of Deere & Company from $585.00 to $625.00 and gave the company a "neutral" rating in a research note on Thursday, October 8th. Robert W. Baird upgraded shares of Deere & Company from a "neutral" rating to an "outperform" rating and upped their price target for the company from $640.00 to $800.00 in a research note on Monday, August 31st. Raymond James Financial raised their price target on shares of Deere & Company from $700.00 to $730.00 and gave the stock an "outperform" rating in a report on Monday, August 31st. Finally, Bank of America lifted their price objective on shares of Deere & Company from $667.00 to $715.00 in a research note on Thursday, September 24th. Seventeen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $688.10.

Trending Headlines about Deere & Company

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: Deere’s See & Spray technology was cited as an example of AI improving farm productivity; the system can reduce pesticide use by as much as 75%. That efficiency potential may support customer economics and demand for Deere’s precision-agriculture offerings. Are eBay and Deere stocks under-the-radar AI beneficiaries?
• Positive Sentiment: A Zacks article included Deere among AgriTech and food-innovation stocks, pointing to strategic investment, operational improvements, and growth opportunities as reasons it may suit investors seeking portfolio stability. 2 AgriTech and Food Innovation Stocks to Buy for a Stable Portfolio
• Neutral Sentiment: Recent coverage compares Deere with Kubota (KUBTY) for value investors but the provided summaries do not say which company comes out ahead. The comparison alone offers no clear new signal on Deere’s valuation. KUBTY vs. DE: Which Stock Should Value Investors Buy Now?
• Negative Sentiment: Deere plans to close two Iowa facilities and consolidate production, including moving small-planter production and shifting work to its Ankeny plant. The restructuring could improve efficiency over time, but closures and associated disruption may concern investors in the near term. John Deere Consolidates U.S. Plants, Will Close 2 Iowa Factories

Deere & Company Stock Up 1.3%

Shares of DE stock opened at $671.99 on Friday. Deere & Company has a fifty-two week low of $455.90 and a fifty-two week high of $721.22. The firm has a market capitalization of $181.18 billion, a PE ratio of 37.33, a P/E/G ratio of 1.90 and a beta of 0.89. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10. The stock's 50-day simple moving average is $667.02 and its 200-day simple moving average is $608.14.

Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, beating analysts' consensus estimates of $4.69 by $0.41. The firm had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. Deere & Company's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.75 earnings per share. Equities analysts expect that Deere & Company will post 18.11 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, September 30th. Deere & Company's payout ratio is presently 36.00%.

About Deere & Company

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.