Quadrant Capital Group LLC Raises Position in Deere & Company $DE

Quadrant Capital Group LLC raised its position in Deere & Company (NYSE:DE) by 18.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,570 shares of the industrial products company’s stock after buying an additional 1,007 shares during the period. Quadrant Capital Group LLC’s holdings in Deere & Company were worth $3,341,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DE. Country Trust Bank lifted its position in shares of Deere & Company by 538.5% in the second quarter. Country Trust Bank now owns 2,554 shares of the industrial products company’s stock valued at $1,299,000 after acquiring an additional 2,154 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in Deere & Company by 18.5% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 12,456 shares of the industrial products company’s stock valued at $6,334,000 after purchasing an additional 1,947 shares during the last quarter. North Star Asset Management Inc. raised its stake in Deere & Company by 31.0% in the 2nd quarter. North Star Asset Management Inc. now owns 642 shares of the industrial products company’s stock valued at $327,000 after purchasing an additional 152 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its holdings in Deere & Company by 1.9% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 23,990 shares of the industrial products company’s stock valued at $12,199,000 after purchasing an additional 442 shares in the last quarter. Finally, Southeast Asset Advisors LLC boosted its stake in Deere & Company by 24.8% during the 2nd quarter. Southeast Asset Advisors LLC now owns 5,248 shares of the industrial products company’s stock worth $2,669,000 after purchasing an additional 1,043 shares during the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Stock Performance

NYSE:DE opened at $469.95 on Friday. Deere & Company has a 52 week low of $403.01 and a 52 week high of $533.78. The company has a fifty day simple moving average of $467.18 and a two-hundred day simple moving average of $490.79. 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 company has a market cap of $127.04 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share for the quarter, missing the consensus estimate of $3.96 by ($0.03). The company had revenue of $12.39 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.Deere & Company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the company earned $4.55 EPS. As a group, equities analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Insider Activity at Deere & Company

In related news, CEO John C. May II sold 11,106 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $500.08, for a total transaction of $5,553,888.48. Following the completion of the transaction, the chief executive officer owned 112,453 shares in the company, valued at approximately $56,235,496.24. The trade was a 8.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

DE has been the subject of a number of recent research reports. Citigroup reduced their target price on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. Oppenheimer cut their price objective on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a research note on Monday. Wolfe Research dropped their price target on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Finally, Zacks Research lowered Deere & Company from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $519.85.

Deere & 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.