Rathbones Group PLC Has $142.04 Million Holdings in Deere & Company $DE

Rathbones Group PLC lifted its holdings in Deere & Company (NYSE:DEFree Report) by 4.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 310,639 shares of the industrial products company’s stock after purchasing an additional 13,388 shares during the quarter. Rathbones Group PLC owned 0.11% of Deere & Company worth $142,043,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Howard Hughes Medical Institute bought a new stake in Deere & Company during the 2nd quarter worth about $27,000. Activest Wealth Management grew its holdings in shares of Deere & Company by 69.2% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 27 shares in the last quarter. United Community Bank grew its holdings in shares of Deere & Company by 67.3% in the 3rd quarter. United Community Bank now owns 92 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 37 shares in the last quarter. Lynch Asset Management Inc. acquired a new stake in shares of Deere & Company in the third quarter valued at about $46,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Deere & Company in the third quarter valued at about $46,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

DE has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Deere & Company from $480.00 to $460.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. Wells Fargo & Company upped their price objective on Deere & Company from $543.00 to $750.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Bank of America increased their price objective on Deere & Company from $502.00 to $672.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Robert W. Baird boosted their target price on shares of Deere & Company from $467.00 to $675.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Finally, Wolfe Research upped their price target on shares of Deere & Company from $520.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. Sixteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $647.20.

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Insider Buying and Selling

In other news, CEO John C. May II sold 41,472 shares of Deere & Company stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $501.49, for a total value of $20,797,793.28. Following the completion of the sale, the chief executive officer directly owned 117,970 shares in the company, valued at approximately $59,160,775.30. The trade was a 26.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cory J. Reed sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total value of $6,120,000.00. Following the completion of the sale, the insider owned 20,792 shares of the company’s stock, valued at approximately $10,603,920. This trade represents a 36.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by insiders.

Deere & Company Stock Performance

Shares of NYSE DE opened at $589.22 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.21 and a quick ratio of 1.96. The stock’s fifty day moving average price is $551.94 and its two-hundred day moving average price is $499.57. Deere & Company has a one year low of $404.42 and a one year high of $674.19. The firm has a market cap of $159.15 billion, a price-to-earnings ratio of 33.21, a P/E/G ratio of 2.07 and a beta of 0.96.

Deere & Company (NYSE:DEGet Free Report) last posted its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.52. The firm had revenue of $9.61 billion for the quarter, compared to analysts’ expectations of $7.50 billion. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the business earned $3.19 EPS. On average, equities analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. Deere & Company’s dividend payout ratio (DPR) is currently 36.53%.

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Deere & Company Company Profile

(Free Report)

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.

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

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