De Lisle Partners LLP Has $4.80 Million Holdings in Deere & Company (NYSE:DE)

De Lisle Partners LLP increased its stake in shares of Deere & Company (NYSE:DE) by 15.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 11,500 shares of the industrial products company’s stock after buying an additional 1,500 shares during the quarter. De Lisle Partners LLP’s holdings in Deere & Company were worth $4,799,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Deere & Company by 5.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 126,790 shares of the industrial products company’s stock valued at $52,913,000 after buying an additional 6,210 shares during the period. Providence Capital Advisors LLC boosted its position in shares of Deere & Company by 1.1% during the 3rd quarter. Providence Capital Advisors LLC now owns 14,197 shares of the industrial products company’s stock worth $5,925,000 after acquiring an additional 151 shares in the last quarter. FORA Capital LLC bought a new position in Deere & Company in the third quarter valued at approximately $7,325,000. BNP Paribas raised its position in Deere & Company by 1.9% during the third quarter. BNP Paribas now owns 72,035 shares of the industrial products company’s stock valued at $30,097,000 after purchasing an additional 1,324 shares in the last quarter. Finally, Blueshift Asset Management LLC lifted its stake in Deere & Company by 41.1% during the third quarter. Blueshift Asset Management LLC now owns 1,973 shares of the industrial products company’s stock worth $823,000 after purchasing an additional 575 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on DE. Citigroup lifted their price target on Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft lowered their target price on Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Hsbc Global Res cut Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Oppenheimer lifted their price target on Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, UBS Group upped their price objective on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Deere & Company presently has a consensus rating of “Hold” and an average target price of $436.41.

Deere & Company Trading Up 1.1 %

NYSE DE opened at $466.00 on Thursday. The company has a market cap of $127.50 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 1.91 and a beta of 0.93. Deere & Company has a 52 week low of $340.20 and a 52 week high of $469.39. The business has a 50 day moving average price of $410.91 and a 200-day moving average price of $387.53. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating 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 company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same period last year, the firm earned $8.26 earnings per share. The firm’s revenue was down 32.8% on a year-over-year basis. As a group, equities analysts expect that Deere & Company will post 20.23 earnings per share for the current fiscal year.

Deere & 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.