Healthcare of Ontario Pension Plan Trust Fund Sells 127,400 Shares of Deere & Company (NYSE:DE)

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of Deere & Company (NYSE:DE) by 61.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,000 shares of the industrial products company’s stock after selling 127,400 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Deere & Company were worth $33,386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its holdings in Deere & Company by 27.8% during the 3rd quarter. FMR LLC now owns 4,542,013 shares of the industrial products company’s stock worth $1,895,518,000 after buying an additional 988,380 shares during the period. Pathway Financial Advisers LLC raised its holdings in Deere & Company by 53,338.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 854,484 shares of the industrial products company’s stock worth $356,602,000 after buying an additional 852,885 shares during the period. International Assets Investment Management LLC raised its holdings in Deere & Company by 46,892.9% during the 3rd quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company’s stock worth $322,218,000 after buying an additional 770,451 shares during the period. Mawer Investment Management Ltd. acquired a new stake in Deere & Company during the 2nd quarter worth approximately $166,937,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Deere & Company during the 3rd quarter worth approximately $136,936,000. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

DE has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of Deere & Company from $420.00 to $450.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Oppenheimer boosted their target price on shares of Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Evercore ISI lifted their price objective on shares of Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a research report on Monday, August 19th. Finally, Barclays boosted their target price on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Twelve equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Deere & Company has an average rating of “Hold” and an average price target of $436.41.

Deere & Company Trading Up 1.1 %

NYSE DE opened at $466.00 on Thursday. Deere & Company has a 12 month low of $340.20 and a 12 month high of $469.39. The firm has a market capitalization of $127.50 billion, a P/E ratio of 18.20, a PEG ratio of 1.91 and a beta of 0.93. The business has a fifty day simple moving average of $410.91 and a 200 day simple moving average of $387.53. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89.

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

About Deere & Company

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.