Brown Advisory Inc. Boosts Position in Deere & Company (DE)

Brown Advisory Inc. increased its position in Deere & Company (NYSE:DE) by 0.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,393 shares of the industrial products company’s stock after purchasing an additional 483 shares during the period. Brown Advisory Inc.’s holdings in Deere & Company were worth $8,177,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Aviva PLC lifted its holdings in Deere & Company by 42.4% in the third quarter. Aviva PLC now owns 231,323 shares of the industrial products company’s stock worth $34,775,000 after acquiring an additional 68,933 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Deere & Company by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,073,286 shares of the industrial products company’s stock valued at $161,351,000 after buying an additional 16,713 shares during the last quarter. Pictet Asset Management Ltd. raised its holdings in shares of Deere & Company by 6.7% during the third quarter. Pictet Asset Management Ltd. now owns 516,057 shares of the industrial products company’s stock valued at $77,579,000 after buying an additional 32,449 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of Deere & Company by 6.3% during the third quarter. D.A. Davidson & CO. now owns 109,658 shares of the industrial products company’s stock valued at $16,485,000 after buying an additional 6,524 shares during the last quarter. Finally, Shell Asset Management Co. raised its holdings in shares of Deere & Company by 5.4% during the third quarter. Shell Asset Management Co. now owns 71,546 shares of the industrial products company’s stock valued at $10,756,000 after buying an additional 3,640 shares during the last quarter. 65.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:DE opened at $162.21 on Tuesday. Deere & Company has a 12 month low of $128.32 and a 12 month high of $175.26. The company has a market cap of $49.82 billion, a P/E ratio of 16.58, a PEG ratio of 1.50 and a beta of 0.99. The company has a current ratio of 1.92, a quick ratio of 1.67 and a debt-to-equity ratio of 2.41.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Wednesday, November 21st. The industrial products company reported $2.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.44 by ($0.14). The business had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.59 billion. Deere & Company had a return on equity of 29.61% and a net margin of 6.34%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.57 EPS. As a group, analysts anticipate that Deere & Company will post 11.48 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on DE shares. Cfra set a $158.00 price target on Deere & Company and gave the company a “hold” rating in a report on Wednesday, November 21st. Argus lifted their price target on Deere & Company to $166.00 and gave the company a “buy” rating in a report on Tuesday, November 27th. Credit Suisse Group cut their price target on Deere & Company from $231.00 to $221.00 and set an “outperform” rating on the stock in a report on Monday, August 20th. Zacks Investment Research cut Deere & Company from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. Finally, Bank of America lifted their price target on Deere & Company from $163.00 to $173.00 and gave the company a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $177.35.

In other Deere & Company news, CFO Rajesh Kalathur sold 11,133 shares of Deere & Company stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $151.47, for a total value of $1,686,315.51. Following the transaction, the chief financial officer now owns 42,244 shares in the company, valued at $6,398,698.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.74% of the company’s stock.

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Deere & Company Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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