IFM Investors Pty Ltd grew its holdings in Deere & Company (NYSE:DE) by 16.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 28,759 shares of the industrial products company’s stock after acquiring an additional 4,087 shares during the period. IFM Investors Pty Ltd’s holdings in Deere & Company were worth $7,738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in shares of Deere & Company by 3.4% in the third quarter. BlackRock Inc. now owns 19,774,107 shares of the industrial products company’s stock valued at $4,382,536,000 after purchasing an additional 646,460 shares during the period. State Street Corp grew its position in shares of Deere & Company by 0.7% in the third quarter. State Street Corp now owns 12,535,526 shares of the industrial products company’s stock valued at $2,787,701,000 after purchasing an additional 85,509 shares during the last quarter. Boston Partners increased its stake in shares of Deere & Company by 21.5% during the third quarter. Boston Partners now owns 2,046,590 shares of the industrial products company’s stock worth $453,585,000 after purchasing an additional 362,615 shares during the period. Principal Financial Group Inc. lifted its holdings in Deere & Company by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,849,405 shares of the industrial products company’s stock worth $409,883,000 after purchasing an additional 18,554 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in Deere & Company by 3.1% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 1,241,507 shares of the industrial products company’s stock worth $275,155,000 after purchasing an additional 36,806 shares during the last quarter. Institutional investors own 55.09% of the company’s stock.

Several research firms have weighed in on DE. Deutsche Bank Aktiengesellschaft increased their price objective on Deere & Company from $244.00 to $281.00 and gave the stock a “hold” rating in a research report on Monday, November 30th. Morgan Stanley raised their price target on shares of Deere & Company from $335.00 to $341.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 15th. Oppenheimer began coverage on shares of Deere & Company in a report on Monday, December 14th. They issued an “outperform” rating and a $296.00 price objective for the company. Barclays increased their target price on shares of Deere & Company from $250.00 to $263.00 and gave the stock an “overweight” rating in a research report on Monday, December 21st. Finally, Bank of America lifted their price target on shares of Deere & Company from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, November 16th. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $265.58.

In other news, CAO Marc A. Howze sold 20,467 shares of Deere & Company stock in a transaction dated Thursday, December 3rd. The stock was sold at an average price of $258.49, for a total transaction of $5,290,514.83. Following the sale, the chief accounting officer now directly owns 22,787 shares of the company’s stock, valued at $5,890,211.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mary K.W. Jones sold 27,800 shares of the business’s stock in a transaction dated Wednesday, November 25th. The stock was sold at an average price of $257.43, for a total value of $7,156,554.00. Following the sale, the senior vice president now owns 87,055 shares in the company, valued at $22,410,568.65. The disclosure for this sale can be found here. In the last three months, insiders sold 121,468 shares of company stock valued at $31,836,175. 0.70% of the stock is owned by insiders.

Shares of Deere & Company stock traded down $0.87 during trading on Wednesday, reaching $301.22. 1,184,793 shares of the company’s stock were exchanged, compared to its average volume of 1,984,476. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.03 and a current ratio of 2.24. Deere & Company has a 1-year low of $106.14 and a 1-year high of $304.00. The company has a market cap of $94.71 billion, a P/E ratio of 34.62, a PEG ratio of 1.30 and a beta of 0.97. The firm’s 50-day moving average price is $267.65 and its 200 day moving average price is $223.93.

Deere & Company (NYSE:DE) last issued its earnings results on Tuesday, November 24th. The industrial products company reported $2.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.95. Deere & Company had a return on equity of 22.17% and a net margin of 7.74%. As a group, equities research analysts predict that Deere & Company will post 12.85 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 8th. Investors of record on Thursday, December 31st will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Wednesday, December 30th. Deere & Company’s dividend payout ratio is 34.98%.

Deere & Company Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment provides various agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural solutions and precision technologies; and other outdoor power products.

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

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