Standard Life Aberdeen plc increased its holdings in Deere & Company (NYSE:DE) by 3.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 131,710 shares of the industrial products company’s stock after buying an additional 3,851 shares during the period. Standard Life Aberdeen plc’s holdings in Deere & Company were worth $18,417,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. BB&T Corp raised its stake in Deere & Company by 2.0% in the second quarter. BB&T Corp now owns 45,800 shares of the industrial products company’s stock worth $6,403,000 after buying an additional 919 shares in the last quarter. Gulf International Bank UK Ltd increased its position in shares of Deere & Company by 13.5% during the second quarter. Gulf International Bank UK Ltd now owns 97,843 shares of the industrial products company’s stock worth $13,678,000 after purchasing an additional 11,630 shares in the last quarter. Calamos Advisors LLC increased its position in shares of Deere & Company by 2.5% during the second quarter. Calamos Advisors LLC now owns 70,217 shares of the industrial products company’s stock worth $9,816,000 after purchasing an additional 1,708 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Deere & Company by 6.9% during the first quarter. The Manufacturers Life Insurance Company now owns 460,739 shares of the industrial products company’s stock worth $71,562,000 after purchasing an additional 29,755 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Deere & Company by 17.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 12,123 shares of the industrial products company’s stock worth $1,098,000 after purchasing an additional 1,787 shares in the last quarter. 66.08% of the stock is owned by institutional investors.

NYSE:DE opened at $143.32 on Friday. Deere & Company has a one year low of $114.53 and a one year high of $175.26. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.66 and a current ratio of 1.91. The firm has a market capitalization of $47.51 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 2.72 and a beta of 0.85.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Friday, August 17th. The industrial products company reported $2.59 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.16). Deere & Company had a net margin of 5.82% and a return on equity of 28.51%. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.18 billion. During the same period in the previous year, the company posted $1.97 earnings per share. Deere & Company’s revenue for the quarter was up 35.9% compared to the same quarter last year. sell-side analysts anticipate that Deere & Company will post 9.51 earnings per share for the current year.

The firm also recently declared 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 1.93%. The ex-dividend date is Thursday, September 27th. Deere & Company’s payout ratio is 41.32%.

A number of equities analysts have recently issued reports on DE shares. Bank of America raised Deere & Company from a “neutral” rating to a “buy” rating and set a $159.00 price target on the stock in a research report on Thursday, May 3rd. Goldman Sachs Group lowered shares of Deere & Company from a “conviction-buy” rating to a “buy” rating in a report on Monday, July 16th. UBS Group dropped their price objective on shares of Deere & Company from $185.00 to $177.00 and set a “buy” rating on the stock in a report on Friday, July 20th. TheStreet raised shares of Deere & Company from a “c+” rating to an “a-” rating in a report on Friday, May 18th. Finally, Morgan Stanley set a $185.00 price objective on shares of Deere & Company and gave the company a “buy” rating in a report on Tuesday, June 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company. Deere & Company currently has an average rating of “Buy” and a consensus price target of $178.42.

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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