Vanguard Group Inc. Has $10.24 Billion Stock Position in Deere & Company $DE

Vanguard Group Inc. lifted its stake in Deere & Company (NYSE:DEFree Report) by 0.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,384,853 shares of the industrial products company’s stock after buying an additional 12,182 shares during the period. Vanguard Group Inc. owned about 0.08% of Deere & Company worth $10,235,698,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of DE. Brighton Jones LLC increased its position in shares of Deere & Company by 39.1% during the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock worth $1,927,000 after purchasing an additional 1,278 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in Deere & Company by 8.1% during the second quarter. Stratos Wealth Partners LTD. now owns 9,249 shares of the industrial products company’s stock worth $4,703,000 after buying an additional 693 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its stake in shares of Deere & Company by 21.0% in the second quarter. Signature Estate & Investment Advisors LLC now owns 1,440 shares of the industrial products company’s stock valued at $732,000 after acquiring an additional 250 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Deere & Company by 8.4% in the 2nd quarter. International Assets Investment Management LLC now owns 2,206 shares of the industrial products company’s stock worth $1,122,000 after acquiring an additional 171 shares in the last quarter. Finally, Wendell David Associates Inc. grew its position in Deere & Company by 22.9% during the 2nd quarter. Wendell David Associates Inc. now owns 7,946 shares of the industrial products company’s stock worth $4,040,000 after acquiring an additional 1,479 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Key Headlines Impacting Deere & Company

Here are the key news stories impacting Deere & Company this week:

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Sanford C. Bernstein reiterated a “market perform” rating on shares of Deere & Company in a research report on Tuesday, December 9th. Daiwa Securities Group reduced their price target on shares of Deere & Company from $530.00 to $520.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 2nd. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Deere & Company in a research report on Monday, December 1st. Royal Bank Of Canada reduced their target price on shares of Deere & Company from $542.00 to $541.00 and set an “outperform” rating on the stock in a research report on Friday, November 28th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $460.00 price target on shares of Deere & Company in a report on Tuesday, December 9th. Fifteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $524.20.

View Our Latest Stock Report on DE

Insider Transactions at Deere & Company

In other Deere & Company news, CEO John C. May II sold 41,472 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the transaction, the chief executive officer owned 117,970 shares in the company, valued at approximately $59,160,775.30. This trade represents a 26.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cory J. Reed sold 12,000 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total value of $6,120,000.00. Following the transaction, the insider owned 20,792 shares of the company’s stock, valued at $10,603,920. The trade was a 36.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 64,578 shares of company stock valued at $32,471,682 in the last quarter. 0.29% of the stock is currently owned by corporate insiders.

Deere & Company Stock Up 0.7%

Shares of NYSE:DE opened at $602.54 on Monday. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.22 and a quick ratio of 2.01. The stock has a market cap of $163.33 billion, a price-to-earnings ratio of 32.55, a P/E/G ratio of 2.40 and a beta of 1.02. The company has a 50 day moving average of $507.56 and a 200-day moving average of $487.12. Deere & Company has a one year low of $404.42 and a one year high of $626.25.

Deere & Company (NYSE:DEGet Free Report) last announced its quarterly earnings data on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). The business had revenue of $12.39 billion during the quarter, compared to the consensus estimate of $9.77 billion. Deere & Company had a net margin of 11.00% and a return on equity of 20.54%. Deere & Company’s revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business posted $4.55 earnings per share. On average, sell-side analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Wednesday, December 31st were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. Deere & Company’s payout ratio is 35.01%.

Deere & Company Profile

(Free Report)

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.

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

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