Deere & Company (DE) Shares Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec increased its position in Deere & Company (NYSE:DE) by 87.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,000 shares of the industrial products company’s stock after purchasing an additional 2,800 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Deere & Company were worth $757,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DE. QCI Asset Management Inc. NY raised its holdings in Deere & Company by 18.8% in the 2nd quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 150 shares during the period. Arrow Financial Corp raised its holdings in Deere & Company by 5.2% in the 2nd quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 50 shares during the period. Harfst & Associates Inc. raised its holdings in Deere & Company by 44.2% in the 2nd quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 360 shares during the period. YorkBridge Wealth Partners LLC raised its holdings in Deere & Company by 1.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 13 shares during the period. Finally, San Francisco Sentry Investment Group CA bought a new position in Deere & Company in the 2nd quarter valued at about $155,000. 67.75% of the stock is currently owned by institutional investors.

Deere & Company (NYSE DE) opened at $149.44 on Friday. Deere & Company has a 52-week low of $100.05 and a 52-week high of $153.34. The stock has a market cap of $48,821.06, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 2.33 and a beta of 0.77. The company has a current ratio of 2.12, a quick ratio of 1.95 and a debt-to-equity ratio of 2.71.

Deere & Company (NYSE:DE) last announced its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.10. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The firm had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.91 billion. During the same quarter in the prior year, the business posted $0.90 EPS. The business’s revenue was up 25.6% compared to the same quarter last year. sell-side analysts expect that Deere & Company will post 7.94 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, December 29th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.61%. Deere & Company’s payout ratio is presently 36.14%.

Several research analysts have weighed in on the stock. Barclays assumed coverage on shares of Deere & Company in a report on Tuesday. They issued an “overweight” rating and a $167.00 price target on the stock. Bank of America lowered their price target on shares of Deere & Company from $145.00 to $130.00 and set a “neutral” rating on the stock in a report on Monday, August 21st. Robert W. Baird cut shares of Deere & Company from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $140.00 to $130.00 in a report on Friday, August 18th. BidaskClub cut shares of Deere & Company from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, Argus reissued a “buy” rating and issued a $140.00 price target on shares of Deere & Company in a report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $143.68.

In related news, CFO Rajesh Kalathur sold 4,519 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $148.92, for a total transaction of $672,969.48. Following the sale, the chief financial officer now owns 36,288 shares in the company, valued at approximately $5,404,008.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Pentz Markwart Von sold 22,095 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $120.10, for a total transaction of $2,653,609.50. Following the sale, the insider now owns 51,626 shares in the company, valued at approximately $6,200,282.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 246,737 shares of company stock worth $33,989,443. Company insiders own 0.85% of the company’s stock.

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Deere & Company Profile

Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

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

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