UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 48,941 Shares of Deere & Company (NYSE:DE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Deere & Company (NYSE:DE - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,780,742 shares of the industrial products company's stock after purchasing an additional 48,941 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.65% of Deere & Company worth $754,500,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pineridge Advisors LLC grew its position in Deere & Company by 60.5% during the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock worth $29,000 after buying an additional 26 shares in the last quarter. YANKCOM Partnership bought a new position in shares of Deere & Company in the 4th quarter worth $34,000. Synergy Asset Management LLC purchased a new position in Deere & Company in the fourth quarter worth $35,000. Sierra Ocean LLC bought a new position in Deere & Company in the fourth quarter valued at $44,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in Deere & Company during the fourth quarter valued at about $48,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Price Performance

Shares of NYSE:DE opened at $529.58 on Tuesday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The firm has a market cap of $143.74 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The business has a 50-day simple moving average of $469.45 and a two-hundred day simple moving average of $455.92. 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 announced its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping analysts' consensus estimates of $5.72 by $0.92. The firm had revenue of $11.17 billion during the quarter, compared to analyst estimates of $10.80 billion. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The business'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 posted $8.53 earnings per share. On average, analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Monday, March 31st were issued a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.22%. Deere & Company's payout ratio is 28.72%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DE shares. Barclays raised their price objective on Deere & Company from $475.00 to $530.00 and gave the company an "overweight" rating in a report on Friday. StockNews.com upgraded shares of Deere & Company from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. upped their price objective on shares of Deere & Company from $490.00 to $540.00 and gave the company a "neutral" rating in a research note on Friday. Argus set a $510.00 price target on shares of Deere & Company in a research note on Friday, March 7th. Finally, Baird R W cut Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $513.00.

Deere & 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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