Caisse DE Depot ET Placement DU Quebec Takes Position in Deere & Company (NYSE:DE)

Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Deere & Company (NYSE:DE) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 67,000 shares of the industrial products company’s stock, valued at approximately $27,961,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Stockbridge Partners LLC boosted its holdings in shares of Deere & Company by 157.5% during the 3rd quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company’s stock valued at $369,019,000 after purchasing an additional 540,874 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Deere & Company by 20.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 15,808 shares of the industrial products company’s stock valued at $5,906,000 after buying an additional 2,692 shares during the last quarter. Chase Investment Counsel Corp boosted its stake in Deere & Company by 53.8% during the third quarter. Chase Investment Counsel Corp now owns 4,000 shares of the industrial products company’s stock valued at $1,669,000 after buying an additional 1,400 shares during the last quarter. Balentine LLC purchased a new position in Deere & Company during the 3rd quarter valued at approximately $710,000. Finally, Douglass Winthrop Advisors LLC increased its stake in Deere & Company by 2.9% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 273,207 shares of the industrial products company’s stock worth $114,017,000 after acquiring an additional 7,753 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

DE has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on Deere & Company from $420.00 to $450.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Barclays increased their price objective on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Citigroup boosted their target price on shares of Deere & Company from $395.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Hsbc Global Res downgraded shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Finally, HSBC lowered Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Twelve equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $436.41.

Deere & Company Trading Down 0.0 %

DE stock opened at $465.90 on Monday. Deere & Company has a 12 month low of $340.20 and a 12 month high of $469.39. The firm’s 50-day moving average is $413.25 and its 200 day moving average is $388.13. The company has a market capitalization of $127.47 billion, a PE ratio of 18.20, a P/E/G ratio of 1.99 and a beta of 0.93. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $3.90 by $0.65. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same period last year, the company posted $8.26 earnings per share. The company’s quarterly revenue was down 32.8% compared to the same quarter last year. On average, research analysts anticipate that Deere & Company will post 19.52 EPS for the current year.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.