TD Waterhouse Canada Inc. Grows Position in Deere & Company $DE

TD Waterhouse Canada Inc. increased its holdings in shares of Deere & Company (NYSE:DE) by 4.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,363 shares of the industrial products company’s stock after purchasing an additional 1,107 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Deere & Company were worth $13,404,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DE. Vanguard Group Inc. increased its position in shares of Deere & Company by 1.4% during the second quarter. Vanguard Group Inc. now owns 22,372,671 shares of the industrial products company’s stock valued at $11,376,279,000 after acquiring an additional 309,081 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Deere & Company by 4.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company’s stock worth $3,227,258,000 after purchasing an additional 286,253 shares during the period. Geode Capital Management LLC boosted its position in shares of Deere & Company by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 5,541,778 shares of the industrial products company’s stock worth $2,810,807,000 after purchasing an additional 111,627 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Deere & Company by 2.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,815,817 shares of the industrial products company’s stock valued at $852,254,000 after purchasing an additional 35,075 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Deere & Company by 1.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,549,048 shares of the industrial products company’s stock valued at $727,046,000 after purchasing an additional 25,725 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Zacks Research lowered Deere & Company from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. Evercore ISI lowered their target price on Deere & Company from $491.00 to $487.00 in a report on Monday. Citigroup cut their price target on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 7th. Wolfe Research reduced their price target on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Finally, Wall Street Zen upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Sunday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $519.85.

Deere & Company Stock Up 0.2%

Shares of NYSE:DE opened at $474.97 on Thursday. Deere & Company has a fifty-two week low of $400.64 and a fifty-two week high of $533.78. The firm’s 50 day moving average price is $465.98 and its 200 day moving average price is $490.88. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. The stock has a market cap of $128.40 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Deere & Company’s payout ratio is 33.87%.

Deere & Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.