Financial Counselors Inc. Has $18.71 Million Stock Holdings in Deere & Company (NYSE:DE)

Financial Counselors Inc. cut its position in Deere & Company (NYSE:DE) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,831 shares of the industrial products company’s stock after selling 689 shares during the period. Financial Counselors Inc.’s holdings in Deere & Company were worth $18,709,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in DE. Sanibel Captiva Trust Company Inc. grew its stake in shares of Deere & Company by 2.5% in the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 9,119 shares of the industrial products company’s stock valued at $3,746,000 after buying an additional 221 shares during the period. Atria Investments Inc lifted its position in Deere & Company by 4.6% in the 1st quarter. Atria Investments Inc now owns 17,181 shares of the industrial products company’s stock valued at $7,050,000 after acquiring an additional 763 shares in the last quarter. Cetera Investment Advisers lifted its position in Deere & Company by 398.2% in the 1st quarter. Cetera Investment Advisers now owns 129,927 shares of the industrial products company’s stock valued at $53,366,000 after acquiring an additional 103,850 shares in the last quarter. Cetera Advisors LLC lifted its position in Deere & Company by 26.8% in the 1st quarter. Cetera Advisors LLC now owns 65,708 shares of the industrial products company’s stock valued at $26,989,000 after acquiring an additional 13,903 shares in the last quarter. Finally, Cetera Advisor Networks LLC lifted its position in Deere & Company by 2.5% in the 1st quarter. Cetera Advisor Networks LLC now owns 48,693 shares of the industrial products company’s stock valued at $20,000,000 after acquiring an additional 1,170 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DE has been the topic of several recent research reports. Hsbc Global Res cut shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Citigroup raised their price target on shares of Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Evercore ISI raised their price target on shares of Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a research report on Monday, August 19th. Morgan Stanley raised their price target on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Barclays lifted their target price on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Deere & Company presently has a consensus rating of “Hold” and an average target price of $436.41.

Deere & Company Trading Up 1.1 %

NYSE:DE opened at $466.00 on Thursday. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $127.50 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.91 and a beta of 0.93. The firm’s 50 day moving average is $410.91 and its 200 day moving average is $387.53. Deere & Company has a 12 month low of $340.20 and a 12 month high of $469.39.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $3.90 by $0.65. The company had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. Deere & Company’s revenue was down 32.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.26 EPS. Sell-side analysts expect that Deere & Company will post 20.23 earnings per share for the current year.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.