Deere & Company (DE) Holdings Reduced by Bridgewater Associates LP

Bridgewater Associates LP decreased its holdings in Deere & Company (NYSE:DE) by 46.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,382 shares of the industrial products company’s stock after selling 12,290 shares during the quarter. Bridgewater Associates LP’s holdings in Deere & Company were worth $2,162,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of DE. Whitener Capital Management Inc. acquired a new position in shares of Deere & Company in the 3rd quarter valued at about $105,000. Amussen Hunsaker Associates LLC acquired a new position in shares of Deere & Company in the 2nd quarter valued at about $122,000. Sun Life Financial INC lifted its stake in shares of Deere & Company by 283.8% in the 2nd quarter. Sun Life Financial INC now owns 879 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 650 shares in the last quarter. SRS Capital Advisors Inc. acquired a new position in shares of Deere & Company in the 3rd quarter valued at about $141,000. Finally, Salem Investment Counselors Inc. lifted its stake in shares of Deere & Company by 82.2% in the 2nd quarter. Salem Investment Counselors Inc. now owns 1,108 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 65.54% of the company’s stock.

Deere & Company stock opened at $162.21 on Tuesday. The company has a market cap of $49.82 billion, a P/E ratio of 17.27, a P/E/G 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 has a one year low of $128.32 and a one year high of $175.26.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Wednesday, November 21st. The industrial products company reported $2.30 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.14). The company had revenue of $8.34 billion for 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 business’s revenue was up 17.6% on a year-over-year basis. During the same period last year, the firm posted $1.57 earnings per share. Sell-side analysts expect that Deere & Company will post 11.48 EPS for the current year.

In related news, CFO Rajesh Kalathur sold 11,133 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $151.47, for a total transaction of $1,686,315.51. Following the transaction, the chief financial officer now directly owns 42,244 shares of the company’s stock, valued at approximately $6,398,698.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.74% of the company’s stock.

Several research firms have recently weighed in on DE. Bank of America lifted their price objective on Deere & Company from $163.00 to $173.00 and gave the company a “buy” rating in a research note on Monday. Robert W. Baird set a $165.00 price objective on Deere & Company and gave the company a “buy” rating in a research note on Monday. Argus lifted their price objective on Deere & Company to $166.00 and gave the company a “buy” rating in a research note on Tuesday, November 27th. UBS Group set a $177.00 price objective on Deere & Company and gave the company a “buy” rating in a research note on Friday, November 23rd. Finally, William Blair reaffirmed a “hold” rating on shares of Deere & Company in a research note on Friday, November 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $177.35.

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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.

Read More: Return on Equity (ROE)

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

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