Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Deere & Company (NYSE:DE) by 38.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,246 shares of the industrial products company’s stock after acquiring an additional 5,373 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Deere & Company were worth $2,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. TrueNorth Inc. boosted its holdings in shares of Deere & Company by 14.3% in the 1st quarter. TrueNorth Inc. now owns 2,627 shares of the industrial products company’s stock valued at $286,000 after buying an additional 329 shares in the last quarter. Park National Corp OH boosted its holdings in shares of Deere & Company by 15.7% in the 2nd quarter. Park National Corp OH now owns 3,880 shares of the industrial products company’s stock valued at $479,000 after buying an additional 526 shares in the last quarter. DnB Asset Management AS boosted its holdings in shares of Deere & Company by 1.4% in the 2nd quarter. DnB Asset Management AS now owns 37,216 shares of the industrial products company’s stock valued at $4,600,000 after buying an additional 500 shares in the last quarter. Stillwater Investment Management LLC boosted its holdings in shares of Deere & Company by 0.5% in the 2nd quarter. Stillwater Investment Management LLC now owns 15,986 shares of the industrial products company’s stock valued at $1,976,000 after buying an additional 86 shares in the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services boosted its holdings in shares of Deere & Company by 20.1% in the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 35,927 shares of the industrial products company’s stock valued at $4,441,000 after buying an additional 6,006 shares in the last quarter. Institutional investors own 67.75% of the company’s stock.

Deere & Company (DE) opened at $150.85 on Wednesday. The company has a market cap of $48,506.20, a P/E ratio of 22.74, a P/E/G ratio of 2.33 and a beta of 0.77. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95. Deere & Company has a 1 year low of $100.05 and a 1 year high of $152.68.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The company had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.91 billion. During the same period last year, the firm posted $0.90 EPS. Deere & Company’s revenue for the quarter was up 25.6% compared to the same quarter last year. research analysts anticipate that Deere & Company will post 7.9 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, December 29th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.59%. Deere & Company’s dividend payout ratio is presently 36.14%.

A number of analysts have recently weighed in on DE shares. Goldman Sachs Group started coverage on shares of Deere & Company in a report on Tuesday, August 8th. They issued a “buy” rating on the stock. Credit Suisse Group set a $148.00 price target on shares of Deere & Company and gave the company a “buy” rating in a report on Friday, August 18th. Argus restated a “buy” rating and issued a $140.00 price target on shares of Deere & Company in a report on Tuesday, August 22nd. Stifel Nicolaus set a $135.00 price objective on shares of Deere & Company and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Finally, ValuEngine raised shares of Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $140.33.

In other Deere & Company news, CFO Rajesh Kalathur sold 4,519 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $148.92, for a total transaction of $672,969.48. Following the completion of the transaction, the chief financial officer now directly owns 36,288 shares of the company’s stock, valued at approximately $5,404,008.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Marc A. Howze sold 7,731 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $151.76, for a total transaction of $1,173,256.56. The disclosure for this sale can be found here. Insiders have sold a total of 197,497 shares of company stock valued at $26,540,705 over the last three months. 0.75% of the stock is currently owned by insiders.

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About Deere & Company

Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

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

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