Banque Cantonale Vaudoise Boosts Stock Position in Deere & Company (NYSE:DE)

Banque Cantonale Vaudoise boosted its position in Deere & Company (NYSE:DE) by 29.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,683 shares of the industrial products company’s stock after purchasing an additional 3,973 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Deere & Company were worth $7,379,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Janus Henderson Group PLC increased its position in Deere & Company by 0.5% during the 1st quarter. Janus Henderson Group PLC now owns 3,859,021 shares of the industrial products company’s stock valued at $1,585,028,000 after buying an additional 19,200 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Deere & Company by 2.7% during the second quarter. Legal & General Group Plc now owns 2,254,266 shares of the industrial products company’s stock worth $842,259,000 after acquiring an additional 60,255 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Deere & Company by 15.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,146,441 shares of the industrial products company’s stock valued at $802,037,000 after acquiring an additional 279,627 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Deere & Company by 8.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,470,159 shares of the industrial products company’s stock valued at $603,854,000 after purchasing an additional 114,116 shares during the last quarter. Finally, Markel Group Inc. raised its position in shares of Deere & Company by 2.8% in the 3rd quarter. Markel Group Inc. now owns 869,100 shares of the industrial products company’s stock valued at $362,702,000 after purchasing an additional 23,750 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Performance

DE opened at $404.63 on Tuesday. The firm has a fifty day moving average price of $404.38 and a 200 day moving average price of $385.70. Deere & Company has a 1 year low of $340.20 and a 1 year high of $420.47. The stock has a market cap of $110.71 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.52 and a beta of 0.93. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were given a $1.47 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.45%. Deere & Company’s dividend payout ratio (DPR) is currently 20.06%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Oppenheimer cut their price target on shares of Deere & Company from $465.00 to $448.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Truist Financial upped their target price on Deere & Company from $443.00 to $496.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Morgan Stanley reduced their target price on Deere & Company from $450.00 to $425.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Citigroup boosted their price target on Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $420.69.

About Deere & Company

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.