Capital Guardian Trust Co. raised its stake in Deere & Company (NYSE:DE) by 18.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 383,902 shares of the industrial products company’s stock after acquiring an additional 59,202 shares during the quarter. Capital Guardian Trust Co. owned about 0.12% of Deere & Company worth $48,214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of DE. Janus Henderson Group PLC grew its position in shares of Deere & Company by 128.2% during the 3rd quarter. Janus Henderson Group PLC now owns 2,587,339 shares of the industrial products company’s stock worth $324,942,000 after buying an additional 1,453,754 shares during the period. Vanguard Group Inc. grew its position in shares of Deere & Company by 5.6% during the 2nd quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock worth $2,668,774,000 after buying an additional 1,153,484 shares during the period. Principal Financial Group Inc. grew its position in shares of Deere & Company by 242.6% during the 2nd quarter. Principal Financial Group Inc. now owns 1,450,533 shares of the industrial products company’s stock worth $179,271,000 after buying an additional 1,027,175 shares during the period. Capital International Investors grew its position in shares of Deere & Company by 14.4% during the 2nd quarter. Capital International Investors now owns 6,506,943 shares of the industrial products company’s stock worth $804,193,000 after buying an additional 820,991 shares during the period. Finally, FMR LLC grew its position in shares of Deere & Company by 18.3% during the 2nd quarter. FMR LLC now owns 5,032,313 shares of the industrial products company’s stock worth $621,943,000 after buying an additional 777,519 shares during the period. Institutional investors own 67.75% of the company’s stock.

Deere & Company (NYSE DE) opened at $151.58 on Friday. Deere & Company has a one year low of $100.05 and a one year high of $152.68. The firm has a market cap of $48,702.20, a P/E ratio of 22.83, a P/E/G ratio of 2.34 and a beta of 0.77. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.95 and a current ratio of 2.12.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, beating 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 previous year, the firm posted $0.90 earnings per share. The business’s revenue was up 25.6% on a year-over-year basis. analysts forecast that Deere & Company will post 7.9 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, December 29th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, December 28th. Deere & Company’s payout ratio is currently 36.14%.

In other Deere & Company news, VP Mary K.W. Jones sold 34,136 shares of Deere & Company stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $124.72, for a total value of $4,257,441.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Pentz Markwart Von sold 22,095 shares of Deere & Company stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $120.10, for a total transaction of $2,653,609.50. Following the completion of the transaction, the insider now directly 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 ninety days, insiders sold 219,486 shares of company stock worth $29,869,619. Insiders own 0.85% of the company’s stock.

Several brokerages have recently commented on DE. BMO Capital Markets lifted their price target on shares of Deere & Company to $165.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 28th. Credit Suisse Group reiterated a “buy” rating and set a $162.00 price target on shares of Deere & Company in a research report on Thursday, November 23rd. Argus reiterated a “buy” rating and set a $165.00 price target on shares of Deere & Company in a research report on Monday, November 27th. They noted that the move was a valuation call. Stifel Nicolaus lifted their price objective on shares of Deere & Company to $161.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $155.00 price objective (up previously from $134.00) on shares of Deere & Company in a research note on Wednesday, November 22nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $140.33.

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Deere & Company 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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