Axa S.A. Has $56.14 Million Position in Deere & Company $DE

Axa S.A. grew its holdings in shares of Deere & Company (NYSE:DE) by 33.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,411 shares of the industrial products company’s stock after buying an additional 27,364 shares during the quarter. Axa S.A.’s holdings in Deere & Company were worth $56,143,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. OLD National Bancorp IN lifted its holdings in shares of Deere & Company by 2.6% during the second quarter. OLD National Bancorp IN now owns 24,000 shares of the industrial products company’s stock worth $12,204,000 after buying an additional 610 shares in the last quarter. Providence Capital Advisors LLC increased its position in Deere & Company by 2.1% during the first quarter. Providence Capital Advisors LLC now owns 14,639 shares of the industrial products company’s stock worth $6,871,000 after acquiring an additional 303 shares during the period. Bragg Financial Advisors Inc raised its stake in Deere & Company by 12.7% in the 1st quarter. Bragg Financial Advisors Inc now owns 7,213 shares of the industrial products company’s stock worth $3,386,000 after purchasing an additional 813 shares in the last quarter. United Asset Strategies Inc. acquired a new stake in Deere & Company in the 1st quarter worth about $2,496,000. Finally, Mesirow Financial Investment Management Inc. boosted its holdings in Deere & Company by 1.0% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 4,678 shares of the industrial products company’s stock valued at $2,379,000 after purchasing an additional 45 shares during the period. Institutional investors own 68.58% of the company’s stock.

Insiders Place Their Bets

In other Deere & Company news, CEO John C. May II sold 11,106 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $500.08, for a total transaction of $5,553,888.48. Following the sale, the chief executive officer owned 112,453 shares of the company’s stock, valued at approximately $56,235,496.24. The trade was a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.29% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DE. BMO Capital Markets reaffirmed a “market perform” rating and set a $460.00 target price on shares of Deere & Company in a report on Tuesday. Royal Bank Of Canada reduced their price target on Deere & Company from $542.00 to $541.00 and set an “outperform” rating on the stock in a research report on Friday, November 28th. Robert W. Baird dropped their price objective on Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a report on Monday, October 13th. UBS Group reiterated a “buy” rating on shares of Deere & Company in a research report on Tuesday, November 25th. Finally, Evercore ISI restated a “positive” rating on shares of Deere & Company in a research report on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $523.70.

Deere & Company Stock Performance

NYSE:DE opened at $462.46 on Wednesday. Deere & Company has a twelve month low of $403.01 and a twelve month high of $533.78. The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 1.68. The stock’s 50-day simple moving average is $467.94 and its 200 day simple moving average is $488.09. The firm has a market capitalization of $125.02 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 1.72 and a beta of 1.00.

Deere & Company (NYSE:DE) last issued its earnings results on Wednesday, November 26th. The industrial products company reported $3.93 EPS for the quarter, missing the consensus estimate of $3.96 by ($0.03). The business had revenue of $12.39 billion for the quarter, compared to analyst estimates of $9.77 billion. Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.The firm’s revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.55 EPS. On average, analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Wednesday, December 31st will be paid a $1.62 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.48 annualized dividend and a yield of 1.4%. Deere & Company’s dividend payout ratio is presently 35.01%.

About Deere & Company

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.