Deere & Company (NYSE:DE) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in Deere & Company (NYSE:DEFree Report) by 15.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 504,350 shares of the industrial products company’s stock after acquiring an additional 69,224 shares during the period. Hsbc Holdings PLC owned 0.18% of Deere & Company worth $201,479,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new position in shares of Deere & Company during the fourth quarter worth about $28,000. Naples Money Management LLC acquired a new position in Deere & Company during the 4th quarter worth approximately $29,000. Private Wealth Management Group LLC purchased a new position in shares of Deere & Company during the 4th quarter worth approximately $29,000. Bfsg LLC acquired a new stake in shares of Deere & Company in the 4th quarter valued at approximately $30,000. Finally, ZRC Wealth Management LLC purchased a new stake in shares of Deere & Company in the fourth quarter valued at approximately $28,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DE has been the subject of a number of recent analyst reports. Oppenheimer reissued an “outperform” rating and issued a $456.00 target price on shares of Deere & Company in a report on Thursday, May 16th. TD Cowen increased their target price on shares of Deere & Company from $383.00 to $390.00 and gave the company a “hold” rating in a report on Friday, May 17th. Evercore ISI boosted their price target on Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 20th. Wells Fargo & Company lowered their price target on Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a report on Friday, February 16th. Finally, Daiwa Capital Markets boosted their target price on Deere & Company from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Deere & Company presently has an average rating of “Moderate Buy” and a consensus target price of $432.92.

Read Our Latest Research Report on Deere & Company

Deere & Company Trading Down 1.1 %

DE stock traded down $4.28 during midday trading on Friday, hitting $374.96. The stock had a trading volume of 1,511,751 shares, compared to its average volume of 1,459,758. The company’s 50-day moving average price is $399.76 and its 200 day moving average price is $386.52. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.01 and a quick ratio of 1.80. The firm has a market cap of $104.37 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 1.50 and a beta of 1.04. Deere & Company has a 12-month low of $345.55 and a 12-month high of $450.00.

Deere & Company (NYSE:DEGet Free Report) last announced its quarterly earnings data on Thursday, May 16th. The industrial products company reported $8.53 EPS for the quarter, beating analysts’ consensus estimates of $7.86 by $0.67. Deere & Company had a return on equity of 42.26% and a net margin of 16.15%. The business had revenue of $13.61 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter in the previous year, the business earned $9.65 earnings per share. The business’s revenue for the quarter was down 15.4% on a year-over-year basis. On average, equities research analysts predict that Deere & Company will post 25.8 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th were issued a dividend of $1.47 per share. The ex-dividend date was Wednesday, March 27th. This represents a $5.88 annualized dividend and a dividend yield of 1.57%. Deere & Company’s payout ratio is currently 17.70%.

About Deere & Company

(Free Report)

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.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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