MASTERINVEST Kapitalanlage GmbH Makes New Investment in Deere & Company $DE

by · The Markets Daily

MASTERINVEST Kapitalanlage GmbH acquired a new position in shares of Deere & Company (NYSE:DEFree Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 7,110 shares of the industrial products company’s stock, valued at approximately $3,615,000.

Several other institutional investors also recently modified their holdings of DE. Brighton Jones LLC boosted its position in Deere & Company by 39.1% during the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock worth $1,927,000 after buying an additional 1,278 shares during the period. Vestmark Advisory Solutions Inc. raised its position in Deere & Company by 616.6% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 4,966 shares of the industrial products company’s stock worth $2,331,000 after purchasing an additional 4,273 shares during the last quarter. Trivium Point Advisory LLC acquired a new position in Deere & Company during the 1st quarter worth about $250,000. Horizon Investments LLC grew its position in shares of Deere & Company by 3.2% in the 1st quarter. Horizon Investments LLC now owns 4,596 shares of the industrial products company’s stock valued at $2,157,000 after buying an additional 141 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Deere & Company by 19.4% in the first quarter. American Century Companies Inc. now owns 339,700 shares of the industrial products company’s stock valued at $159,438,000 after buying an additional 55,079 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DE has been the topic of a number of recent analyst reports. Wolfe Research cut their price objective on Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. UBS Group restated a “buy” rating on shares of Deere & Company in a report on Tuesday, November 25th. Morgan Stanley reaffirmed an “overweight” rating and issued a $560.00 price objective on shares of Deere & Company in a research note on Tuesday. DA Davidson reiterated a “buy” rating and set a $580.00 price objective on shares of Deere & Company in a research report on Monday, December 1st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating on shares of Deere & Company in a report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $523.70.

Read Our Latest Stock Analysis on DE

Deere & Company Stock Performance

NYSE:DE opened at $485.35 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 1.68. Deere & Company has a twelve month low of $403.01 and a twelve month high of $533.78. The company has a fifty day moving average of $469.02 and a 200-day moving average of $487.55. The firm has a market capitalization of $131.20 billion, a P/E ratio of 26.22, a P/E/G ratio of 1.83 and a beta of 1.00.

Deere & Company (NYSE:DEGet Free Report) last issued its earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($0.03). Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.The company had revenue of $12.39 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the prior year, the company earned $4.55 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Wednesday, December 31st will be paid a $1.62 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.3%. Deere & Company’s dividend payout ratio (DPR) is currently 35.01%.

Insider Activity at Deere & Company

In related news, CEO John C. May II sold 11,106 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $500.08, for a total value of $5,553,888.48. Following the completion of the sale, the chief executive officer directly owned 112,453 shares of the company’s stock, valued at $56,235,496.24. The trade was a 8.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Deere & Company Company Profile

(Free Report)

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.

See Also

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DEFree Report).