Swiss National Bank lowered its stake in Deere & Co. (NYSE:DE) by 1.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 740,919 shares of the company’s stock after selling 10,300 shares during the period. Swiss National Bank’s holdings in Deere & Co. were worth $63,237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Washington Trust Bank raised its stake in Deere & Co. by 59.0% in the second quarter. Washington Trust Bank now owns 1,240 shares of the company’s stock valued at $100,000 after buying an additional 460 shares in the last quarter. Hartford Financial Management Inc. raised its stake in Deere & Co. by 5.2% in the third quarter. Hartford Financial Management Inc. now owns 1,210 shares of the company’s stock valued at $103,000 after buying an additional 60 shares in the last quarter. Jolley Asset Management LLC raised its stake in Deere & Co. by 14.0% in the third quarter. Jolley Asset Management LLC now owns 1,225 shares of the company’s stock valued at $105,000 after buying an additional 150 shares in the last quarter. CWM LLC raised its stake in Deere & Co. by 94.6% in the third quarter. CWM LLC now owns 1,234 shares of the company’s stock valued at $105,000 after buying an additional 600 shares in the last quarter. Finally, Cornerstone Advisors Inc. raised its stake in Deere & Co. by 6.0% in the third quarter. Cornerstone Advisors Inc. now owns 1,268 shares of the company’s stock valued at $108,000 after buying an additional 72 shares in the last quarter. 71.68% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Deere & Co. (NYSE:DE) opened at 100.20 on Thursday. The company has a market cap of $31.54 billion, a P/E ratio of 20.83 and a beta of 0.71. Deere & Co. has a 52-week low of $70.16 and a 52-week high of $104.83. The stock has a 50 day moving average of $89.76 and a 200 day moving average of $84.31.

Deere & Co. (NYSE:DE) last announced its quarterly earnings data on Wednesday, November 23rd. The company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.50. The firm had revenue of $6.52 billion for the quarter. Deere & Co. had a net margin of 5.72% and a return on equity of 21.54%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 earnings per share. On average, equities analysts anticipate that Deere & Co. will post $4.32 earnings per share for the current fiscal year.

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Several analysts have recently commented on DE shares. Vetr upgraded shares of Deere & Co. from a “hold” rating to a “buy” rating and set a $80.57 price target on the stock in a research report on Monday, August 15th. BMO Capital Markets reiterated an “outperform” rating and issued a $96.00 price target on shares of Deere & Co. in a research report on Thursday, August 18th. Jefferies Group reiterated a “hold” rating and issued a $70.00 price target on shares of Deere & Co. in a research report on Friday, August 19th. Morgan Stanley raised their target price on shares of Deere & Co. from $70.00 to $76.00 and gave the stock an “underweight” rating in a research report on Monday, August 22nd. Finally, Barclays PLC restated an “underweight” rating and set a $63.00 target price on shares of Deere & Co. in a research report on Monday, August 22nd. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $90.24.

In other Deere & Co. news, insider John C. May II sold 18,614 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $96.46, for a total value of $1,795,506.44. Following the completion of the sale, the insider now directly owns 28,926 shares of the company’s stock, valued at $2,790,201.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Max A. Guinn sold 36,402 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $102.94, for a total transaction of $3,747,221.88. Following the completion of the sale, the insider now directly owns 55,427 shares of the company’s stock, valued at $5,705,655.38. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

Deere & Co. Company Profile

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts.

5 Day Chart for NYSE:DE

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