Daiwa Securities Group Inc. Boosts Stake in Deere & Company (NYSE:DE)

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Daiwa Securities Group Inc. raised its position in Deere & Company (NYSE:DE) by 9.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,022 shares of the industrial products company’s stock after buying an additional 1,117 shares during the period. Daiwa Securities Group Inc.’s holdings in Deere & Company were worth $2,197,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DE. DRW Securities LLC bought a new position in shares of Deere & Company during the second quarter worth about $227,000. Clarius Group LLC lifted its position in shares of Deere & Company by 6.3% during the second quarter. Clarius Group LLC now owns 1,984 shares of the industrial products company’s stock worth $329,000 after purchasing an additional 117 shares during the last quarter. Buckingham Asset Management LLC lifted its position in shares of Deere & Company by 6.4% during the second quarter. Buckingham Asset Management LLC now owns 3,766 shares of the industrial products company’s stock worth $624,000 after purchasing an additional 226 shares during the last quarter. Cetera Advisor Networks LLC lifted its position in shares of Deere & Company by 15.4% during the second quarter. Cetera Advisor Networks LLC now owns 14,377 shares of the industrial products company’s stock worth $2,388,000 after purchasing an additional 1,917 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Deere & Company by 0.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 649,925 shares of the industrial products company’s stock worth $107,699,000 after purchasing an additional 2,598 shares during the last quarter. 67.48% of the stock is owned by institutional investors.

In other Deere & Company news, Chairman Samuel R. Allen sold 114,253 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $178.30, for a total value of $20,371,309.90. Following the transaction, the chairman now owns 423,497 shares of the company’s stock, valued at $75,509,515.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.71% of the company’s stock.

Several brokerages have recently commented on DE. Robert W. Baird set a $178.00 price target on shares of Deere & Company and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Credit Suisse Group reaffirmed an “outperform” rating and set a $197.00 price target (up previously from $176.00) on shares of Deere & Company in a research report on Monday, August 19th. Wells Fargo & Co cut shares of Deere & Company from an “outperform” rating to a “market perform” rating and set a $170.00 price target on the stock. in a research report on Thursday, September 12th. Morgan Stanley increased their price target on shares of Deere & Company from $177.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Deutsche Bank reduced their price target on shares of Deere & Company from $163.00 to $155.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $169.21.

Shares of NYSE DE opened at $178.36 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.99 and a debt-to-equity ratio of 2.38. The firm’s 50-day moving average price is $170.60 and its two-hundred day moving average price is $159.93. Deere & Company has a 52-week low of $132.68 and a 52-week high of $179.70. The stock has a market capitalization of $56.34 billion, a P/E ratio of 18.99, a P/E/G ratio of 2.40 and a beta of 1.15.

Deere & Company (NYSE:DE) last issued its earnings results on Friday, August 16th. The industrial products company reported $2.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.80 by ($0.09). Deere & Company had a return on equity of 27.75% and a net margin of 8.55%. The business had revenue of $8.97 billion during the quarter, compared to the consensus estimate of $9.38 billion. During the same period in the prior year, the business earned $2.59 EPS. The business’s revenue was down 3.4% on a year-over-year basis. As a group, equities research analysts expect that Deere & Company will post 9.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were issued a $0.76 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.04 dividend on an annualized basis and a yield of 1.70%. Deere & Company’s dividend payout ratio is currently 32.37%.

Deere & Company Company Profile

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.

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

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