B. Metzler seel. Sohn & Co. AG Acquires 2,652 Shares of Deere & Company $DE

B. Metzler seel. Sohn & Co. AG grew its holdings in shares of Deere & Company (NYSE:DEFree Report) by 12.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,487 shares of the industrial products company’s stock after acquiring an additional 2,652 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Deere & Company were worth $11,197,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DE. Howard Hughes Medical Institute bought a new stake in shares of Deere & Company during the second quarter worth $27,000. Activest Wealth Management lifted its stake in shares of Deere & Company by 69.2% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 27 shares during the last quarter. Soundwatch Capital LLC bought a new position in shares of Deere & Company in the 2nd quarter valued at $41,000. United Community Bank boosted its holdings in shares of Deere & Company by 67.3% during the 3rd quarter. United Community Bank now owns 92 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 37 shares in the last quarter. Finally, Lynch Asset Management Inc. acquired a new stake in shares of Deere & Company during the 3rd quarter valued at $46,000. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

DE has been the subject of a number of recent research reports. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Deere & Company in a report on Monday, December 1st. Morgan Stanley upped their price objective on Deere & Company from $560.00 to $730.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Oppenheimer reiterated an “outperform” rating and issued a $715.00 price objective on shares of Deere & Company in a report on Friday, February 20th. Finally, Daiwa Securities Group cut their target price on shares of Deere & Company from $530.00 to $520.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 2nd. Sixteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Deere & Company presently has a consensus rating of “Moderate Buy” and an average target price of $647.20.

Get Our Latest Research Report on Deere & Company

Deere & Company Stock Down 0.2%

Shares of DE opened at $589.22 on Friday. The company has a market capitalization of $159.15 billion, a PE ratio of 33.21, a PEG ratio of 2.07 and a beta of 0.96. Deere & Company has a 12 month low of $404.42 and a 12 month high of $674.19. The stock’s 50-day moving average price is $551.94 and its two-hundred day moving average price is $499.57. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59.

Deere & Company (NYSE:DEGet Free Report) last released its quarterly earnings results on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.52. The firm had revenue of $9.61 billion for the quarter, compared to analyst estimates of $7.50 billion. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The business’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.19 EPS. On average, analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Tuesday, March 31st will be issued a $1.62 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.1%. Deere & Company’s dividend payout ratio is presently 36.53%.

Insider Buying and Selling

In other Deere & Company news, CEO John C. May II sold 41,472 shares of the stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the completion of the sale, the chief executive officer owned 117,970 shares of the company’s stock, valued at approximately $59,160,775.30. This represents a 26.01% decrease in their position. The transaction was disclosed in a document filed 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 that occurred on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the transaction, the insider owned 20,792 shares of the company’s stock, valued at approximately $10,603,920. The trade was a 36.59% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company’s stock.

Deere & Company News Roundup

Here are the key news stories impacting Deere & Company this week:

About Deere & Company

(Free Report)

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.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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