AMP Capital Investors Ltd raised its position in Deere & Company (NYSE:DE) by 4.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,644 shares of the industrial products company’s stock after purchasing an additional 6,190 shares during the quarter. AMP Capital Investors Ltd’s holdings in Deere & Company were worth $18,404,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Mount Yale Investment Advisors LLC purchased a new position in Deere & Company during the first quarter worth about $100,000. Clarus Wealth Advisors purchased a new position in Deere & Company during the second quarter worth about $118,000. Kaizen Advisory LLC raised its holdings in Deere & Company by 158.4% during the second quarter. Kaizen Advisory LLC now owns 796 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 488 shares in the last quarter. Winthrop Partners WNY LLC purchased a new position in Deere & Company during the first quarter worth about $114,000. Finally, Sun Life Financial INC increased its holdings in Deere & Company by 283.8% in the second quarter. Sun Life Financial INC now owns 879 shares of the industrial products company’s stock valued at $123,000 after buying an additional 650 shares in the last quarter. 66.63% of the stock is currently owned by institutional investors.

Deere & Company stock traded down $1.11 during midday trading on Friday, hitting $147.76. 1,987,446 shares of the stock were exchanged, compared to its average volume of 2,159,364. Deere & Company has a 1 year low of $118.37 and a 1 year high of $175.26. The company has a market capitalization of $47.54 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 2.74 and a beta of 0.86. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.91 and a quick ratio of 1.66.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Friday, August 17th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.75 by ($0.16). The firm had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.18 billion. Deere & Company had a return on equity of 28.51% and a net margin of 5.82%. The business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period last year, the firm earned $1.97 EPS. analysts forecast that Deere & Company will post 9.5 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Friday, September 28th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Thursday, September 27th. Deere & Company’s dividend payout ratio (DPR) is presently 41.32%.

DE has been the subject of a number of research analyst reports. UBS Group raised shares of Deere & Company from a “neutral” rating to a “buy” rating and increased their target price for the company from $112.87 to $185.00 in a report on Thursday, May 24th. ValuEngine cut shares of Deere & Company from a “buy” rating to a “hold” rating in a report on Tuesday, June 5th. Morgan Stanley set a $185.00 price objective on shares of Deere & Company and gave the stock a “buy” rating in a research note on Tuesday, June 5th. Citigroup dropped their price objective on shares of Deere & Company from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, June 20th. Finally, Goldman Sachs Group cut shares of Deere & Company from a “conviction-buy” rating to a “buy” rating in a research note on Monday, July 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the stock. Deere & Company has a consensus rating of “Buy” and an average target price of $177.75.

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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