Daiwa Securities Group Inc. Purchases 2,759 Shares of Deere & Company (NYSE:DE)

Daiwa Securities Group Inc. lifted its position in Deere & Company (NYSE:DE) by 6.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,255 shares of the industrial products company’s stock after buying an additional 2,759 shares during the period. Daiwa Securities Group Inc.’s holdings in Deere & Company were worth $18,469,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Pathway Financial Advisers LLC lifted its holdings in shares of 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 valued at $356,602,000 after purchasing an additional 852,885 shares during the last quarter. International Assets Investment Management LLC increased its position 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 valued at $322,218,000 after buying an additional 770,451 shares in the last quarter. Swedbank AB purchased a new stake in Deere & Company in the first quarter valued at about $191,628,000. Mawer Investment Management Ltd. purchased a new stake in Deere & Company in the second quarter valued at about $166,937,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Deere & Company in the third quarter worth about $136,936,000. Institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DE. Truist Financial upped their price objective on shares of Deere & Company from $496.00 to $538.00 and gave the company a “buy” rating in a report on Friday. Bank of America raised their price target on shares of Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Hsbc Global Res downgraded shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Barclays upped their target price on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday. Finally, UBS Group lifted their price target on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday. Thirteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $431.61.

Deere & Company Stock Performance

DE opened at $446.65 on Monday. The firm has a fifty day moving average price of $406.99 and a 200 day moving average price of $386.22. Deere & Company has a 1 year low of $340.20 and a 1 year high of $447.50. The stock has a market cap of $122.20 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.75 and a beta of 0.93. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $3.90 by $0.65. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter in the prior year, the firm posted $8.26 earnings per share. The company’s revenue was down 32.8% compared to the same quarter last year. Equities research analysts anticipate that Deere & Company will post 21.31 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a yield of 1.32%. Deere & Company’s dividend payout ratio is currently 22.97%.

Deere & Company Company Profile

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.