Deere & Company (NYSE:DE) Holdings Decreased by L.M. Kohn & Company

L.M. Kohn & Company reduced its holdings in Deere & Company (NYSE:DE) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,624 shares of the industrial products company’s stock after selling 148 shares during the period. L.M. Kohn & Company’s holdings in Deere & Company were worth $1,095,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DE. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Deere & Company in the 3rd quarter valued at about $27,961,000. Circle Wealth Management LLC purchased a new position in Deere & Company during the third quarter valued at approximately $382,000. Captrust Financial Advisors increased its stake in Deere & Company by 2.7% in the 3rd quarter. Captrust Financial Advisors now owns 155,184 shares of the industrial products company’s stock valued at $64,763,000 after buying an additional 4,051 shares during the period. Atlantic Union Bankshares Corp lifted its position in Deere & Company by 2.6% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 11,274 shares of the industrial products company’s stock worth $4,705,000 after buying an additional 288 shares in the last quarter. Finally, Icon Wealth Advisors LLC acquired a new stake in shares of Deere & Company during the 3rd quarter valued at $113,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Price Performance

NYSE DE opened at $466.21 on Friday. The stock has a 50-day simple moving average of $413.25 and a 200 day simple moving average of $388.48. Deere & Company has a twelve month low of $340.20 and a twelve month high of $469.39. The stock has a market capitalization of $127.56 billion, a PE ratio of 18.21, a P/E/G ratio of 1.99 and a beta of 0.93. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09.

Deere & Company (NYSE:DE) last issued 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. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. During the same period in the previous year, the company earned $8.26 earnings per share. The company’s quarterly revenue was down 32.8% compared to the same quarter last year. Research analysts anticipate that Deere & Company will post 19.52 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on DE. Barclays upped their price target on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Bank of America upped their target price on Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. lifted their price target on Deere & Company from $420.00 to $450.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. UBS Group increased their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Finally, HSBC cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. Twelve analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Deere & Company presently has an average rating of “Hold” and an average price target of $436.41.

Deere & 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.