Robecosam AG Has $6.02 Million Holdings in Deere & Company (NYSE:DE)
Robecosam AG grew its stake in shares of Deere & Company (NYSE:DE) by 6.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,194 shares of the industrial products company’s stock after purchasing an additional 2,660 shares during the period. Robecosam AG’s holdings in Deere & Company were worth $6,022,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of DE. Charles Schwab Investment Advisory Inc. purchased a new stake in Deere & Company in the 2nd quarter worth approximately $138,797,000. BlackRock Inc. increased its holdings in shares of Deere & Company by 5.5% in the 1st quarter. BlackRock Inc. now owns 18,857,199 shares of the industrial products company’s stock worth $2,928,897,000 after buying an additional 978,907 shares during the last quarter. Findlay Park Partners LLP bought a new position in shares of Deere & Company in the 1st quarter worth $113,317,000. Cornerstone Wealth Management LLC increased its holdings in shares of Deere & Company by 15,691.5% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 515,749 shares of the industrial products company’s stock worth $3,654,000 after buying an additional 512,483 shares during the last quarter. Finally, Suvretta Capital Management LLC bought a new position in shares of Deere & Company in the 1st quarter worth $77,512,000. 66.63% of the stock is owned by institutional investors.
Shares of NYSE:DE traded down $1.11 during midday trading on Friday, reaching $147.76. 1,987,446 shares of the company’s stock were exchanged, compared to its average volume of 2,159,364. The company has a market capitalization of $47.54 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 2.74 and a beta of 0.86. The company has a current ratio of 1.91, a quick ratio of 1.66 and a debt-to-equity ratio of 2.59. Deere & Company has a fifty-two week low of $118.37 and a fifty-two week high of $175.26.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Friday, September 28th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, September 27th. Deere & Company’s dividend payout ratio (DPR) is 41.32%.
A number of equities research analysts have issued reports on the stock. ValuEngine lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a report on Tuesday, June 5th. Stifel Nicolaus lowered their price target on shares of Deere & Company from $193.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, August 20th. JPMorgan Chase & Co. set a $145.00 price target on shares of Deere & Company and gave the stock a “hold” rating in a research note on Monday, August 13th. OTR Global lowered shares of Deere & Company to a “$139.21” rating in a research report on Wednesday, July 18th. Finally, Citigroup lowered their price target on shares of Deere & Company from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, June 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. Deere & Company presently has an average rating of “Buy” and a consensus target price of $177.75.
About Deere & Company
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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