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

Asset Management One Co. Ltd. raised its holdings in Deere & Company (NYSE:DE - Free Report) by 6.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 106,993 shares of the industrial products company's stock after buying an additional 6,100 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Deere & Company were worth $50,217,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Norges Bank acquired a new position in shares of Deere & Company in the fourth quarter valued at about $1,244,094,000. GAMMA Investing LLC lifted its holdings in shares of Deere & Company by 61,215.9% during the first quarter. GAMMA Investing LLC now owns 1,753,022 shares of the industrial products company's stock worth $822,781,000 after purchasing an additional 1,750,163 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in Deere & Company in the fourth quarter valued at approximately $541,437,000. Price T Rowe Associates Inc. MD increased its holdings in Deere & Company by 19.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company's stock worth $2,792,082,000 after buying an additional 1,095,736 shares during the period. Finally, FMR LLC raised its position in Deere & Company by 22.9% during the 4th quarter. FMR LLC now owns 5,581,408 shares of the industrial products company's stock worth $2,364,843,000 after buying an additional 1,039,395 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Analysts Set New Price Targets

DE has been the topic of several recent research reports. DA Davidson reaffirmed a "buy" rating and issued a $542.00 price objective on shares of Deere & Company in a report on Friday, May 16th. UBS Group lowered their price target on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Argus set a $510.00 price objective on Deere & Company in a research note on Friday, March 7th. Baird R W downgraded Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $460.00 price target (up from $425.00) on shares of Deere & Company in a research report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $515.19.

Deere & Company Price Performance

Shares of NYSE DE traded down $7.23 during trading on Wednesday, hitting $506.87. The company had a trading volume of 1,099,496 shares, compared to its average volume of 1,384,639. The firm has a market capitalization of $137.27 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 3.26 and a beta of 1.09. The stock has a fifty day simple moving average of $497.10 and a two-hundred day simple moving average of $471.61. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 1.76. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping the consensus estimate of $5.72 by $0.92. The firm had revenue of $11.17 billion during the quarter, compared to analysts' expectations of $10.80 billion. Deere & Company had a return on equity of 24.39% and a net margin of 12.40%. The firm's revenue for the quarter was down 17.9% on a year-over-year basis. During the same period in the previous year, the business earned $8.53 earnings per share. On average, research analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is currently 31.35%.

Deere & Company 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.