Deere & Company (NYSE:DE) Shares Acquired by Blueshift Asset Management LLC

Blueshift Asset Management LLC boosted its stake in Deere & Company (NYSE:DE) by 41.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,973 shares of the industrial products company’s stock after acquiring an additional 575 shares during the period. Blueshift Asset Management LLC’s holdings in Deere & Company were worth $823,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Fairscale Capital LLC acquired a new stake in shares of Deere & Company during the 2nd quarter valued at approximately $26,000. Livelsberger Financial Advisory bought a new position in shares of Deere & Company in the 3rd quarter worth about $32,000. Olistico Wealth LLC bought a new position in shares of Deere & Company in the 2nd quarter worth about $37,000. Centennial Bank AR boosted its holdings in shares of Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after buying an additional 84 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in shares of Deere & Company during the 3rd quarter valued at about $47,000. 68.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DE shares. Oppenheimer lifted their target price on Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Hsbc Global Res downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Bank of America boosted their price target on shares of Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a report on Friday, August 16th. HSBC cut shares of Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Deere & Company has a consensus rating of “Hold” and an average price target of $436.41.

Deere & Company Stock Performance

NYSE:DE opened at $466.00 on Thursday. The company has a 50-day moving average of $410.91 and a 200-day moving average of $387.53. The firm has a market cap of $127.50 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 1.91 and a beta of 0.93. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. Deere & Company has a twelve month low of $340.20 and a twelve month high of $469.39.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $3.90 by $0.65. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. During the same period last year, the firm posted $8.26 earnings per share. The firm’s revenue for the quarter was down 32.8% compared to the same quarter last year. Analysts forecast that Deere & Company will post 20.23 earnings per share for the current fiscal year.

Deere & Company Company Profile

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.