Commerzbank Aktiengesellschaft FI Increases Position in Deere & Company $DE

Commerzbank Aktiengesellschaft FI lifted its stake in Deere & Company (NYSE:DE) by 8.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,850 shares of the industrial products company’s stock after purchasing an additional 2,104 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Deere & Company were worth $11,820,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Deere & Company during the 2nd quarter valued at approximately $25,000. Howard Hughes Medical Institute purchased a new position in Deere & Company in the 2nd quarter valued at approximately $27,000. Center for Financial Planning Inc. increased its stake in Deere & Company by 406.7% in the 2nd quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 61 shares in the last quarter. Solstein Capital LLC raised its holdings in Deere & Company by 93.8% during the second quarter. Solstein Capital LLC now owns 93 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 45 shares during the last quarter. Finally, Horizon Bancorp Inc. IN purchased a new stake in Deere & Company during the second quarter worth $51,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Deere & Company

In related news, CEO John C. May II sold 41,472 shares of the stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the transaction, the chief executive officer directly owned 117,970 shares in the company, valued at approximately $59,160,775.30. This represents a 26.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Cory J. Reed sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total value of $6,120,000.00. Following the completion of the sale, the insider directly owned 20,792 shares in the company, valued at approximately $10,603,920. The trade was a 36.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 64,578 shares of company stock worth $32,471,682 in the last 90 days. Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. UBS Group restated a “buy” rating on shares of Deere & Company in a research report on Tuesday, November 25th. Morgan Stanley reissued an “overweight” rating and issued a $560.00 price objective on shares of Deere & Company in a research note on Tuesday, December 9th. Zacks Research upgraded shares of Deere & Company from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Royal Bank Of Canada reduced their price target on shares of Deere & Company from $542.00 to $541.00 and set an “outperform” rating on the stock in a report on Friday, November 28th. Finally, Wall Street Zen cut shares of Deere & Company from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Fifteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Deere & Company has an average rating of “Moderate Buy” and an average price target of $524.20.

Deere & Company Price Performance

Deere & Company stock opened at $514.92 on Friday. Deere & Company has a 12-month low of $404.42 and a 12-month high of $533.78. The stock has a market capitalization of $139.58 billion, a P/E ratio of 27.82, a P/E/G ratio of 1.97 and a beta of 1.00. The firm’s 50-day moving average is $482.61 and its two-hundred day moving average is $481.87. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.22 and a quick ratio of 2.01.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). Deere & Company had a net margin of 11.00% and a return on equity of 20.54%. The firm had revenue of $12.39 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period in the prior year, the firm earned $4.55 EPS. The business’s quarterly revenue was up 14.1% on a year-over-year basis. Equities analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Deere & Company’s dividend payout ratio is currently 35.01%.

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.