Deere & Company $DE Shares Bought by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. Ltd. increased its holdings in Deere & Company by 0.9% during the second quarter, acquiring 962 additional shares, bringing its total to 107,955 shares valued at approximately $54.9 million.
• Several institutional investors have also boosted their stakes in Deere, with Vanguard Group Inc. now owning over 22 million shares worth approximately $10.36 billion.
• Deere & Company is set to pay a quarterly dividend of $1.62 on November 10th, reflecting an annualized dividend yield of 1.4% with a payout ratio of 33.87%.

Asset Management One Co. Ltd. raised its holdings in Deere & Company (NYSE:DE - Free Report) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,955 shares of the industrial products company's stock after acquiring an additional 962 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Deere & Company were worth $54,894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Deere & Company by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 22,063,590 shares of the industrial products company's stock valued at $10,355,546,000 after acquiring an additional 185,671 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Deere & Company by 4.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company's stock valued at $3,227,258,000 after acquiring an additional 286,253 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Deere & Company by 2.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,815,817 shares of the industrial products company's stock valued at $852,254,000 after acquiring an additional 35,075 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Deere & Company by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,549,048 shares of the industrial products company's stock valued at $727,046,000 after acquiring an additional 25,725 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Deere & Company by 23.4% in the 1st quarter. Invesco Ltd. now owns 1,353,255 shares of the industrial products company's stock valued at $635,150,000 after acquiring an additional 256,806 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. DA Davidson cut their price target on shares of Deere & Company from $595.00 to $580.00 and set a "buy" rating for the company in a report on Monday, August 18th. Jefferies Financial Group cut their price target on shares of Deere & Company from $510.00 to $440.00 and set a "hold" rating for the company in a report on Wednesday, October 8th. Citigroup cut their price objective on Deere & Company from $525.00 to $515.00 and set a "neutral" rating on the stock in a report on Tuesday, October 7th. Zacks Research downgraded Deere & Company from a "hold" rating to a "strong sell" rating in a report on Monday. Finally, Royal Bank Of Canada assumed coverage on Deere & Company in a report on Wednesday. They set an "outperform" rating and a $542.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $518.72.

Deere & Company Price Performance

Shares of DE opened at $469.52 on Friday. The company has a market capitalization of $126.92 billion, a price-to-earnings ratio of 24.54, a P/E/G ratio of 2.97 and a beta of 1.02. Deere & Company has a fifty-two week low of $387.03 and a fifty-two week high of $533.78. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The business's 50-day moving average is $470.19 and its 200-day moving average is $488.07.

Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating analysts' consensus estimates of $4.62 by $0.13. The company had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The firm's quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.29 EPS. Equities research analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be issued a $1.62 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. Deere & Company's dividend payout ratio is currently 33.87%.

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.

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