Andra AP fonden Has $13.53 Million Stock Holdings in Deere & Company $DE

Andra AP fonden reduced its stake in Deere & Company (NYSE:DE - Free Report) by 30.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,323 shares of the industrial products company's stock after selling 9,480 shares during the quarter. Andra AP fonden's holdings in Deere & Company were worth $13,526,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Security National Bank of SO Dak bought a new stake in Deere & Company during the second quarter worth $42,000. Bouchey Financial Group Ltd. boosted its position in Deere & Company by 9.3% in the second quarter. Bouchey Financial Group Ltd. now owns 812 shares of the industrial products company's stock valued at $516,000 after buying an additional 69 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Deere & Company by 14.1% in the second quarter. Sequoia Financial Advisors LLC now owns 18,385 shares of the industrial products company's stock valued at $11,662,000 after buying an additional 2,266 shares in the last quarter. MCF Advisors LLC grew its stake in shares of Deere & Company by 0.9% during the second quarter. MCF Advisors LLC now owns 1,999 shares of the industrial products company's stock worth $1,271,000 after buying an additional 17 shares during the last quarter. Finally, Gemmer Asset Management LLC acquired a new position in shares of Deere & Company during the second quarter worth $203,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DE shares. Evercore raised Deere & Company from an "in-line" rating to an "outperform" rating and set a $813.00 price objective for the company in a research note on Wednesday, September 2nd. Barclays increased their price objective on Deere & Company from $640.00 to $675.00 and gave the company an "overweight" rating in a report on Monday, August 24th. Nomura raised Deere & Company to a "buy" rating in a research note on Monday, August 31st. Oppenheimer upped their price objective on shares of Deere & Company from $680.00 to $685.00 and gave the company an "outperform" rating in a research note on Thursday, August 20th. Finally, 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. Seventeen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $680.73.

Deere & Company Price Performance

Shares of NYSE DE opened at $702.82 on Wednesday. The firm has a market capitalization of $189.50 billion, a P/E ratio of 39.05, a P/E/G ratio of 2.82 and a beta of 0.90. Deere & Company has a 1-year low of $433.00 and a 1-year high of $705.88. The firm's 50-day moving average price is $636.79 and its 200-day moving average price is $600.94. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The business had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same quarter last year, the firm posted $4.75 EPS. Deere & Company's revenue was up 6.2% compared to the same quarter last year. Equities research analysts anticipate that Deere & Company will post 18.12 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, September 30th. Deere & Company's dividend payout ratio (DPR) is currently 36.00%.

Deere & Company Company Profile

Deere & Company, operating under the John Deere brand, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. Its products include tractors, combines, harvesters, planters, sprayers, loaders, excavators, skid steers, forestry machines, commercial mowing equipment and compact utility tractors. The company also develops precision agriculture and construction technologies, including machine guidance, automation, data-management and connected-equipment solutions.

Founded by blacksmith John Deere in 1837, the company has grown from its original steel plow business into a diversified equipment and technology provider.

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