Deere & Company $DE Shares Bought by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC raised its holdings in Deere & Company (NYSE:DE) by 11.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,312 shares of the industrial products company’s stock after purchasing an additional 1,086 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Deere & Company were worth $4,801,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DE. Spectrum Financial Alliance Ltd LLC raised its position in Deere & Company by 55.8% in the fourth quarter. Spectrum Financial Alliance Ltd LLC now owns 85,351 shares of the industrial products company’s stock valued at $39,737,000 after purchasing an additional 30,553 shares during the period. Compagnie Lombard Odier SCmA lifted its stake in Deere & Company by 66.1% during the third quarter. Compagnie Lombard Odier SCmA now owns 27,568 shares of the industrial products company’s stock worth $12,606,000 after purchasing an additional 10,974 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of Deere & Company by 14.6% during the third quarter. Public Sector Pension Investment Board now owns 21,174 shares of the industrial products company’s stock worth $9,682,000 after buying an additional 2,702 shares during the period. Ashton Thomas Private Wealth LLC boosted its position in shares of Deere & Company by 263.8% during the third quarter. Ashton Thomas Private Wealth LLC now owns 17,308 shares of the industrial products company’s stock worth $7,942,000 after buying an additional 12,551 shares during the period. Finally, Eubel Brady & Suttman Asset Management Inc. acquired a new stake in shares of Deere & Company in the third quarter valued at $434,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

DE has been the topic of several research reports. Royal Bank Of Canada increased their target price on Deere & Company from $736.00 to $752.00 and gave the stock an “outperform” rating in a research note on Tuesday. Sanford C. Bernstein lifted their target price on Deere & Company from $521.00 to $615.00 and gave the company a “market perform” rating in a research report on Friday, February 20th. Wolfe Research boosted their price target on shares of Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. DA Davidson reduced their price target on shares of Deere & Company from $775.00 to $685.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Finally, Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Fifteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and an average price target of $639.83.

Deere & Company Trading Up 0.2%

NYSE:DE opened at $529.99 on Wednesday. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19. The firm has a market cap of $143.16 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 1.84 and a beta of 0.96. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54. The stock has a fifty day moving average price of $574.42 and a 200 day moving average price of $541.18.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, topping the consensus estimate of $5.70 by $0.85. The company had revenue of $11.78 billion for the quarter, compared to the consensus estimate of $11.55 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.Deere & Company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.64 EPS. Sell-side analysts anticipate that Deere & Company will post 18.05 earnings per share for the current fiscal year.

Deere & Company Profile

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.