Deere & Company $DE Shares Bought by Union Bancaire Privee UBP SA

Key Points

• Union Bancaire Privee UBP SA increased its stake in Deere & Company by 18.6%, owning 10,130 shares valued at approximately $4.96 million.
• Deere's latest quarterly earnings showed $4.75 earnings per share, beating estimates, but the company's revenue declined 9.0% year-over-year.
• The company announced a quarterly dividend of $1.62 per share, with an annualized yield of 1.4%.

Union Bancaire Privee UBP SA grew its stake in Deere & Company (NYSE:DE - Free Report) by 18.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 10,130 shares of the industrial products company's stock after buying an additional 1,589 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Deere & Company were worth $4,957,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in DE. Nuveen LLC purchased a new position in shares of Deere & Company in the 1st quarter valued at about $571,073,000. Voya Investment Management LLC boosted its stake in shares of Deere & Company by 97.1% in the 1st quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company's stock valued at $344,442,000 after buying an additional 361,526 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 buying an additional 286,253 shares during the period. Sarasin & Partners LLP boosted its stake in shares of Deere & Company by 50.4% in the 1st quarter. Sarasin & Partners LLP now owns 771,866 shares of the industrial products company's stock valued at $362,275,000 after buying an additional 258,522 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of 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 buying an additional 256,806 shares during the period. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Price Performance

Shares of NYSE DE opened at $465.09 on Tuesday. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. Deere & Company has a twelve month low of $387.03 and a twelve month high of $533.78. The stock has a 50 day moving average of $489.05 and a two-hundred day moving average of $489.85. The stock has a market cap of $125.73 billion, a P/E ratio of 24.31, a P/E/G ratio of 2.99 and a beta of 1.00.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data 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. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The company had revenue of $10.36 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter in the previous year, the business earned $6.29 earnings per share. The firm's revenue for the quarter was down 9.0% on a year-over-year basis. On average, research analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

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

Analyst Upgrades and Downgrades

DE has been the subject of several recent research reports. DA Davidson decreased their price objective on Deere & Company from $595.00 to $580.00 and set a "buy" rating for the company in a research note on Monday, August 18th. JPMorgan Chase & Co. decreased their price objective on Deere & Company from $500.00 to $495.00 and set a "neutral" rating for the company in a research note on Tuesday, September 2nd. Oppenheimer decreased their target price on Deere & Company from $566.00 to $512.00 and set an "outperform" rating for the company in a research note on Thursday, September 18th. Melius upgraded Deere & Company from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, Melius Research upgraded Deere & Company from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $518.06.

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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