Deere & Company $DE Shares Acquired by Harbour Investments Inc.

Harbour Investments Inc. grew its holdings in Deere & Company (NYSE:DE) by 31.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,657 shares of the industrial products company’s stock after purchasing an additional 2,062 shares during the quarter. Harbour Investments Inc.’s holdings in Deere & Company were worth $4,031,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DE. Brighton Jones LLC grew its position in shares of Deere & Company by 39.1% in the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after purchasing an additional 1,278 shares during the last quarter. Schnieders Capital Management LLC. grew its position in shares of Deere & Company by 7.8% in the second quarter. Schnieders Capital Management LLC. now owns 2,076 shares of the industrial products company’s stock valued at $1,056,000 after purchasing an additional 150 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Deere & Company in the second quarter valued at approximately $2,153,000. NewEdge Advisors LLC grew its position in shares of Deere & Company by 6.0% in the second quarter. NewEdge Advisors LLC now owns 18,758 shares of the industrial products company’s stock valued at $9,538,000 after purchasing an additional 1,067 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its position in shares of Deere & Company by 6.7% in the second quarter. Main Street Financial Solutions LLC now owns 1,551 shares of the industrial products company’s stock valued at $789,000 after purchasing an additional 97 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DE has been the topic of a number of analyst reports. UBS Group raised their target price on shares of Deere & Company from $535.00 to $775.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Robert W. Baird decreased their target price on shares of Deere & Company from $580.00 to $525.00 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. Royal Bank Of Canada raised their target price on shares of Deere & Company from $736.00 to $752.00 and gave the stock an “outperform” rating in a research report on Tuesday. Wells Fargo & Company raised their target price on shares of Deere & Company from $543.00 to $750.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Finally, Barclays raised their target price on shares of Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Fifteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $639.83.

Deere & Company Stock Up 0.2%

Shares of NYSE DE opened at $529.99 on Wednesday. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The firm’s 50 day moving average price is $574.42 and its 200 day moving average price is $541.18. The firm has a market cap of $143.16 billion, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 1.84 and a beta of 0.96. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.70 by $0.85. The firm had revenue of $11.78 billion for the quarter, compared to analyst estimates of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. Deere & Company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $6.64 earnings per share. As a group, sell-side analysts anticipate that Deere & Company will post 18.05 earnings per share for the current year.

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.