Deere & Company (DE) Stake Lifted by Afam Capital Inc.

Afam Capital Inc. lifted its holdings in Deere & Company (NYSE:DE) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,837 shares of the industrial products company’s stock after purchasing an additional 1,245 shares during the quarter. Deere & Company accounts for approximately 1.0% of Afam Capital Inc.’s holdings, making the stock its 22nd largest position. Afam Capital Inc.’s holdings in Deere & Company were worth $8,017,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Capital International Investors boosted its stake in Deere & Company by 35.4% during the third quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock valued at $1,106,131,000 after buying an additional 2,300,531 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Deere & Company by 128.2% during the third quarter. Janus Henderson Group PLC now owns 2,587,339 shares of the industrial products company’s stock valued at $324,942,000 after buying an additional 1,453,754 shares in the last quarter. Vanguard Group Inc. boosted its stake in Deere & Company by 5.6% during the second quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock valued at $2,668,774,000 after buying an additional 1,153,484 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Deere & Company by 242.6% during the second quarter. Principal Financial Group Inc. now owns 1,450,533 shares of the industrial products company’s stock valued at $179,271,000 after buying an additional 1,027,175 shares in the last quarter. Finally, FMR LLC boosted its stake in Deere & Company by 18.3% during the second quarter. FMR LLC now owns 5,032,313 shares of the industrial products company’s stock valued at $621,943,000 after buying an additional 777,519 shares in the last quarter. 67.75% of the stock is owned by institutional investors.

In other news, insider Pentz Markwart Von sold 22,095 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $120.10, for a total transaction of $2,653,609.50. Following the completion of the sale, the insider now directly owns 51,626 shares of the company’s stock, valued at approximately $6,200,282.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Rajesh Kalathur sold 4,519 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $148.92, for a total value of $672,969.48. Following the sale, the chief financial officer now directly owns 36,288 shares of the company’s stock, valued at $5,404,008.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 219,486 shares of company stock valued at $29,869,619. Company insiders own 0.75% of the company’s stock.

Shares of Deere & Company (NYSE DE) opened at $151.07 on Wednesday. The stock has a market capitalization of $48,621.86, a PE ratio of 22.79, a P/E/G ratio of 2.32 and a beta of 0.77. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95. Deere & Company has a one year low of $100.05 and a one year high of $152.68.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.10. The firm had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.91 billion. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.90 EPS. analysts predict that Deere & Company will post 7.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, December 29th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.59%. The ex-dividend date is Thursday, December 28th. Deere & Company’s dividend payout ratio is currently 36.14%.

DE has been the subject of a number of recent analyst reports. Deutsche Bank upgraded Deere & Company from a “hold” rating to a “buy” rating and increased their price target for the company from $149.00 to $167.00 in a research report on Thursday, November 23rd. Zacks Investment Research upgraded Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Thursday, November 2nd. ValuEngine upgraded Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BMO Capital Markets reiterated a “buy” rating and issued a $150.00 price target on shares of Deere & Company in a research report on Thursday, November 2nd. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $162.00 price target on shares of Deere & Company in a research report on Thursday, November 23rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $143.68.

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About Deere & Company

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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