Deere & Company (NYSE:DE) Shares Acquired by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. lifted its position in shares of Deere & Company (NYSE:DE) by 88,200.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 883 shares of the industrial products company’s stock after purchasing an additional 882 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Deere & Company were worth $369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC grew its stake in Deere & Company by 27.8% in the 3rd quarter. FMR LLC now owns 4,542,013 shares of the industrial products company’s stock valued at $1,895,518,000 after acquiring an additional 988,380 shares during the period. Pathway Financial Advisers LLC grew its stake in Deere & Company by 53,338.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 854,484 shares of the industrial products company’s stock valued at $356,602,000 after acquiring an additional 852,885 shares during the period. International Assets Investment Management LLC grew its stake in Deere & Company by 46,892.9% in the 3rd quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company’s stock valued at $322,218,000 after acquiring an additional 770,451 shares during the period. Swedbank AB acquired a new stake in Deere & Company in the 1st quarter valued at $191,628,000. Finally, Mawer Investment Management Ltd. acquired a new stake in Deere & Company in the 2nd quarter valued at $166,937,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Down 0.3 %

NYSE DE opened at $461.15 on Wednesday. The firm’s 50-day moving average is $409.62 and its two-hundred day moving average is $386.98. Deere & Company has a 12 month low of $340.20 and a 12 month high of $469.39. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The stock has a market capitalization of $126.17 billion, a P/E ratio of 18.01, a PEG ratio of 1.91 and a beta of 0.93.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. 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 note on Wednesday, October 9th. 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 note on Friday, November 22nd. Truist Financial lifted their target price on shares of Deere & Company from $496.00 to $538.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Oppenheimer lifted their target price on shares of Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, Morgan Stanley lifted their target price on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday. Thirteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Deere & Company currently has an average rating of “Hold” and an average target price of $433.00.

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.