UBS Asset Management Americas Inc. Lowers Stake in Deere & Company (NYSE:DE)

UBS Asset Management Americas Inc. lowered its stake in shares of Deere & Company (NYSE:DE) by 0.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,121,432 shares of the industrial products company’s stock after selling 2,901 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.35% of Deere & Company worth $185,832,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SRS Capital Advisors Inc. purchased a new position in shares of Deere & Company in the 2nd quarter valued at $28,000. Arcus Capital Partners LLC purchased a new position in Deere & Company during the 2nd quarter worth $33,000. Orrstown Financial Services Inc. grew its position in Deere & Company by 116.0% during the 2nd quarter. Orrstown Financial Services Inc. now owns 216 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 116 shares during the last quarter. Nelson Roberts Investment Advisors LLC grew its position in Deere & Company by 34.8% during the 2nd quarter. Nelson Roberts Investment Advisors LLC now owns 271 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 70 shares during the last quarter. Finally, Heritage Wealth Advisors purchased a new position in Deere & Company during the 2nd quarter worth $47,000. 67.53% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE DE traded up $0.68 during midday trading on Tuesday, hitting $165.89. The company had a trading volume of 204,139 shares, compared to its average volume of 1,653,859. The company has a quick ratio of 1.73, a current ratio of 1.99 and a debt-to-equity ratio of 2.38. Deere & Company has a twelve month low of $128.32 and a twelve month high of $171.22. The business has a 50-day simple moving average of $155.51 and a two-hundred day simple moving average of $157.55. The firm has a market capitalization of $51.66 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 2.35 and a beta of 1.15.



Deere & Company (NYSE:DE) last announced its quarterly earnings data on Friday, August 16th. The industrial products company reported $2.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.80 by ($0.09). Deere & Company had a net margin of 8.55% and a return on equity of 27.75%. The company had revenue of $8.97 billion during the quarter, compared to analyst estimates of $9.38 billion. During the same quarter last year, the business earned $2.59 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities analysts forecast that Deere & Company will post 9.98 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, September 30th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Friday, September 27th. Deere & Company’s payout ratio is currently 32.37%.

Several brokerages have recently weighed in on DE. Robert W. Baird lowered their target price on shares of Deere & Company from $170.00 to $150.00 and set a “positive” rating on the stock in a report on Tuesday, August 13th. Deutsche Bank lowered their target price on shares of Deere & Company from $163.00 to $155.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $197.00 target price (up previously from $176.00) on shares of Deere & Company in a report on Monday, August 19th. Jefferies Financial Group raised shares of Deere & Company from a “hold” rating to a “buy” rating and lifted their target price for the company from $150.00 to $190.00 in a report on Monday, June 24th. Finally, UBS Group lowered their target price on shares of Deere & Company from $167.00 to $160.00 and set a “neutral” rating on the stock in a report on Monday, August 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $166.89.

In other Deere & Company news, COO John C. May II sold 5,228 shares of Deere & Company stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $170.00, for a total transaction of $888,760.00. Following the completion of the transaction, the chief operating officer now owns 49,310 shares in the company, valued at $8,382,700. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.71% of the company’s stock.

Deere & Company Profile

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.

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

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