Dai ichi Life Insurance Company Ltd Acquires 3,060 Shares of Deere & Company (NYSE:DE)

Dai ichi Life Insurance Company Ltd increased its holdings in shares of Deere & Company (NYSE:DE) by 24.8% in the third quarter, HoldingsChannel reports. The firm owned 15,417 shares of the industrial products company’s stock after buying an additional 3,060 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Deere & Company were worth $6,434,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairscale Capital LLC acquired a new stake in Deere & Company during the second quarter worth approximately $26,000. Pineridge Advisors LLC lifted its position in Deere & Company by 725.0% during the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 58 shares during the last quarter. Livelsberger Financial Advisory acquired a new stake in Deere & Company during the third quarter worth approximately $32,000. Olistico Wealth LLC acquired a new stake in Deere & Company during the second quarter worth approximately $37,000. Finally, Centennial Bank AR lifted its position in Deere & Company by 420.0% during the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 84 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DE shares. Bank of America raised their price objective on shares of Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Truist Financial lifted their price target on shares of Deere & Company from $496.00 to $538.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Citigroup lifted 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. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Finally, UBS Group lifted their price target on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Thirteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $433.00.

Deere & Company Stock Performance

NYSE DE opened at $461.15 on Wednesday. The firm’s fifty day moving average price is $409.62 and its two-hundred day moving average price is $386.98. The stock has a market cap of $126.17 billion, a PE ratio of 18.01, a PEG ratio of 1.75 and a beta of 0.93. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $469.39. 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 posted its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $3.90 by $0.65. The firm 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%. The 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 earnings per share. On average, equities analysts expect that Deere & Company will post 21.31 EPS for the current fiscal 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.