303 Shares in Deere & Company (NYSE:DE) Acquired by FSA Wealth Management LLC

FSA Wealth Management LLC acquired a new stake in Deere & Company (NYSE:DE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 303 shares of the industrial products company’s stock, valued at approximately $126,000.

Several other large investors have also modified their holdings of the company. B&L Asset Management LLC purchased a new stake in Deere & Company in the 3rd quarter valued at $2,034,000. Erste Asset Management GmbH acquired a new position in Deere & Company in the third quarter valued at $6,790,000. Semmax Financial Advisors Inc. raised its holdings in shares of Deere & Company by 2.5% in the third quarter. Semmax Financial Advisors Inc. now owns 4,248 shares of the industrial products company’s stock valued at $1,673,000 after buying an additional 105 shares during the last quarter. Edgestream Partners L.P. raised its holdings in shares of Deere & Company by 2,068.3% in the third quarter. Edgestream Partners L.P. now owns 12,533 shares of the industrial products company’s stock valued at $5,230,000 after buying an additional 11,955 shares during the last quarter. Finally, NCM Capital Management LLC acquired a new stake in shares of Deere & Company during the third quarter worth about $204,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Performance

Shares of DE stock opened at $465.90 on Friday. The stock has a fifty day moving average price of $413.25 and a 200 day moving average price of $388.31. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The stock has a market cap of $127.47 billion, a PE ratio of 18.20, a P/E/G ratio of 1.99 and a beta of 0.93. Deere & Company has a 1 year low of $340.20 and a 1 year high of $469.39.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $3.90 by $0.65. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The business had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. During the same quarter last year, the business posted $8.26 earnings per share. The business’s revenue for the quarter was down 32.8% on a year-over-year basis. Sell-side analysts forecast that Deere & Company will post 19.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Bank of America upped their price objective on Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft cut their price target on Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Oppenheimer lifted their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. BMO Capital Markets initiated coverage on shares of Deere & Company in a research report on Friday, August 9th. They set a “market perform” rating and a $400.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on shares of Deere & Company from $420.00 to $450.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Twelve equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $436.41.

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.