Banco Santander S.A. Has $13.12 Million Stake in Deere & Company $DE

Banco Santander S.A. grew its holdings in Deere & Company (NYSE:DE) by 45.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,810 shares of the industrial products company’s stock after purchasing an additional 8,105 shares during the period. Banco Santander S.A.’s holdings in Deere & Company were worth $13,124,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in DE. Nuveen LLC acquired a new position in shares of Deere & Company in the 1st quarter valued at about $571,073,000. TD Asset Management Inc increased its holdings in Deere & Company by 132.0% in the second quarter. TD Asset Management Inc now owns 721,638 shares of the industrial products company’s stock worth $366,946,000 after buying an additional 410,636 shares during the last quarter. Voya Investment Management LLC increased its holdings in Deere & Company by 97.1% in the first quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company’s stock worth $344,442,000 after buying an additional 361,526 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Deere & Company by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company’s stock worth $3,227,258,000 after buying an additional 286,253 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Deere & Company by 23.4% in the first quarter. Invesco Ltd. now owns 1,353,255 shares of the industrial products company’s stock worth $635,150,000 after buying an additional 256,806 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Up 0.8%

Shares of Deere & Company stock opened at $473.01 on Monday. The stock has a market capitalization of $127.87 billion, a P/E ratio of 24.73, a PEG ratio of 3.04 and a beta of 1.02. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. The stock has a 50 day moving average price of $469.88 and a two-hundred day moving average price of $489.27. Deere & Company has a 12-month low of $387.03 and a 12-month high of $533.78.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. The firm had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The company’s revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.29 earnings per share. Equities analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. Deere & Company’s dividend payout ratio is presently 33.87%.

Analyst Ratings Changes

DE has been the topic of a number of research reports. Daiwa Capital Markets dropped their price objective on Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a report on Thursday, September 25th. Truist Financial increased their price objective on Deere & Company from $602.00 to $609.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Royal Bank Of Canada initiated coverage on Deere & Company in a report on Wednesday, October 22nd. They issued an “outperform” rating and a $542.00 price objective on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a report on Wednesday, October 8th. Finally, Citigroup dropped their price objective on Deere & Company from $525.00 to $515.00 and set a “neutral” rating on the stock in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $518.72.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.