Deere & Company (NYSE:DE) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its stake in shares of Deere & Company (NYSE:DE) by 6.6% in the third quarter, Holdings Channel reports. The firm owned 44,255 shares of the industrial products company’s stock after buying an additional 2,759 shares during the period. Daiwa Securities Group Inc.’s holdings in Deere & Company were worth $18,469,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Fairscale Capital LLC acquired a new stake in shares of Deere & Company in the second quarter valued at about $26,000. Pineridge Advisors LLC raised its holdings in Deere & Company by 725.0% in the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 58 shares during the last quarter. Livelsberger Financial Advisory purchased a new position in Deere & Company in the 3rd quarter worth approximately $32,000. Olistico Wealth LLC purchased a new stake in shares of Deere & Company in the second quarter valued at approximately $37,000. Finally, Centennial Bank AR grew its position in shares of Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 84 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $446.65 on Monday. The stock has a market capitalization of $122.20 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 1.75 and a beta of 0.93. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The business has a 50-day moving average of $406.99 and a 200 day moving average of $386.22. Deere & Company has a 12 month low of $340.20 and a 12 month high of $447.50.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.90 by $0.65. The business had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business’s quarterly revenue was down 32.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.26 earnings per share. As a group, sell-side analysts forecast that Deere & Company will post 21.31 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were paid a $1.47 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.88 annualized dividend and a dividend yield of 1.32%. Deere & Company’s dividend payout ratio (DPR) is 22.97%.

Wall Street Analysts Forecast Growth

DE has been the topic of a number of recent research reports. Hsbc Global Res lowered Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Evercore ISI boosted their price target on shares of Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a research report on Monday, August 19th. Bank of America lifted their target price on shares of Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. increased their price target on shares of Deere & Company from $420.00 to $450.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Oppenheimer lifted their price target on shares of Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a research report on Friday. Thirteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Deere & Company has an average rating of “Hold” and an average price target of $431.61.

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.