Deere & Company (NYSE:DE) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Deere & Company (NYSE:DE) by 5.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,790 shares of the industrial products company’s stock after purchasing an additional 6,210 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Deere & Company were worth $52,913,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Fairscale Capital LLC purchased a new position in Deere & Company during the second quarter worth approximately $26,000. Livelsberger Financial Advisory purchased a new position in shares of Deere & Company during the 3rd quarter worth $32,000. Olistico Wealth LLC purchased a new stake in shares of Deere & Company in the second quarter valued at about $37,000. Centennial Bank AR increased its position in Deere & Company by 420.0% during the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 84 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Deere & Company in the 3rd quarter valued at about $47,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DE shares. Barclays raised their price target on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. HSBC lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. 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. Bank of America lifted their target price on shares of Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Finally, Oppenheimer upped their price target on Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” 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 MarketBeat, Deere & Company has an average rating of “Hold” and an average price target of $436.41.

Deere & Company Stock Performance

NYSE:DE opened at $466.00 on Friday. Deere & Company has a 12 month low of $340.20 and a 12 month high of $469.39. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The firm has a market capitalization of $127.50 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.91 and a beta of 0.93. The business’s fifty day moving average price is $412.04 and its 200 day moving average price is $388.07.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.90 by $0.65. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. During the same period in the prior year, the company posted $8.26 earnings per share. The firm’s quarterly revenue was down 32.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Deere & Company will post 20.23 earnings per share for the current fiscal year.

About Deere & Company

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.