International Assets Investment Management LLC Purchases 45,690 Shares of Deere & Company $DE

International Assets Investment Management LLC grew its position in shares of Deere & Company (NYSE:DE) by 1,977.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,000 shares of the industrial products company’s stock after purchasing an additional 45,690 shares during the period. International Assets Investment Management LLC’s holdings in Deere & Company were worth $32,234,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Deere & Company in the second quarter valued at approximately $11,763,504,000. Wellington Management Group LLP lifted its stake in shares of Deere & Company by 84.3% during the second quarter. Wellington Management Group LLP now owns 3,088,628 shares of the industrial products company’s stock valued at $1,959,209,000 after buying an additional 1,412,694 shares during the period. Bank of America Corp DE boosted its position in Deere & Company by 0.3% during the first quarter. Bank of America Corp DE now owns 2,782,402 shares of the industrial products company’s stock worth $1,567,327,000 after acquiring an additional 7,918 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Deere & Company during the second quarter worth approximately $1,259,279,000. Finally, Legal & General Group Plc purchased a new stake in Deere & Company in the 2nd quarter worth approximately $957,456,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Price Performance

DE opened at $675.03 on Friday. The company’s 50 day simple moving average is $663.79 and its 200 day simple moving average is $604.16. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10. Deere & Company has a 1 year low of $454.50 and a 1 year high of $721.22. The stock has a market capitalization of $182.00 billion, a PE ratio of 37.50, a P/E/G ratio of 2.41 and a beta of 0.86.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The firm had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the previous year, the firm earned $4.75 earnings per share. Deere & Company’s revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts expect that Deere & Company will post 18.11 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is 36.00%.

Wall Street Analysts Forecast Growth

DE has been the subject of several analyst reports. Evercore upgraded Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 price target for the company in a report on Wednesday, September 2nd. CICC Research assumed coverage on Deere & Company in a report on Sunday, September 13th. They set an “outperform” rating on the stock. Raymond James Financial lifted their price objective on Deere & Company from $700.00 to $730.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Barclays lifted their price objective on Deere & Company from $640.00 to $675.00 and gave the company an “overweight” rating in a research report on Monday, August 24th. Finally, Robert W. Baird upgraded Deere & Company from a “neutral” rating to an “outperform” rating and upped their target price for the company from $640.00 to $800.00 in a research note on Monday, August 31st. Seventeen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $688.10.

Key Stories Impacting Deere & Company

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: Deere was largely insulated from the machinery-sector selloff that hit Caterpillar after its moderate outlook. The relative resilience suggests investors viewed Deere’s farm-equipment exposure and outlook more favorably. Caterpillar Drops 7% as Moderate Sales Outlook Overshadows Beat; Deere Sits Out the Selloff
• Positive Sentiment: Analysts highlighted smart-farming technology, automation and cost controls as potential support for Deere, particularly as long-term agricultural demand and equipment investment improve. Zacks Industry Outlook Highlights Deere & Co., Kubota and CNH Industrial
• Positive Sentiment: One valuation analysis estimates Deere may be undervalued by approximately 16%, with cybersecurity developments adding a potential catalyst if the company can strengthen its technology and risk-management position. Deere Stock May Be 16% Undervalued on AI Cyberattack News
• Neutral Sentiment: Analysts expect Deere’s upcoming fourth-quarter report to show a single-digit increase in profit, keeping earnings expectations in focus ahead of the release. Deere & Company’s Earnings: What to Expect
• Negative Sentiment: Wheat’s prolonged decline is pressuring farmers’ incomes and balance sheets, which could eventually reduce demand for new agricultural equipment or delay replacement purchases. Farmers Are Getting Crushed as Wheat Slides for a Record Stretch

Deere & Company Profile

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.