Montgomery Investment Management Inc. grew its holdings in shares of Deere & Company (NYSE:DE) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,700 shares of the industrial products company’s stock after acquiring an additional 500 shares during the quarter. Deere & Company accounts for approximately 2.3% of Montgomery Investment Management Inc.’s holdings, making the stock its 12th biggest holding. Montgomery Investment Management Inc.’s holdings in Deere & Company were worth $5,517,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BB&T Corp raised its stake in shares of Deere & Company by 2.0% during the second quarter. BB&T Corp now owns 45,800 shares of the industrial products company’s stock worth $6,403,000 after acquiring an additional 919 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Deere & Company by 2.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,344,605 shares of the industrial products company’s stock worth $187,976,000 after purchasing an additional 29,532 shares during the last quarter. Calamos Advisors LLC grew its holdings in shares of Deere & Company by 2.5% in 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 during the last quarter. NumerixS Investment Technologies Inc grew its holdings in shares of Deere & Company by 56.3% in the second quarter. NumerixS Investment Technologies Inc now owns 7,500 shares of the industrial products company’s stock worth $1,046,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Atria Investments LLC grew its holdings in shares of Deere & Company by 14.4% in the third quarter. Atria Investments LLC now owns 7,430 shares of the industrial products company’s stock worth $1,117,000 after purchasing an additional 935 shares during the last quarter. 66.47% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on DE shares. OTR Global cut shares of Deere & Company to a “$139.21” rating in a report on Wednesday, July 18th. Goldman Sachs Group cut shares of Deere & Company from a “conviction-buy” rating to a “buy” rating in a report on Monday, July 16th. Argus dropped their target price on shares of Deere & Company to $160.00 and set a “buy” rating on the stock in a report on Monday, August 20th. Wells Fargo & Co lowered their price target on Deere & Company from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, August 20th. Finally, Stifel Nicolaus decreased their target price on Deere & Company from $193.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, August 20th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $177.75.

NYSE DE opened at $144.57 on Tuesday. Deere & Company has a 52 week low of $128.32 and a 52 week high of $175.26. The stock has a market cap of $46.58 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 2.21 and a beta of 0.97. The company has a quick ratio of 1.66, a current ratio of 1.91 and a debt-to-equity ratio of 2.59.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Friday, August 17th. The industrial products company reported $2.59 EPS for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $9.18 billion. During the same period in the previous year, the company earned $1.97 EPS. Deere & Company’s revenue for the quarter was up 35.9% compared to the same quarter last year. Sell-side analysts forecast that Deere & Company will post 9.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Friday, September 28th were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, September 27th. Deere & Company’s payout ratio is currently 41.32%.

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

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