Deere & Company (NYSE:DE) Shares Purchased by German American Bancorp Inc.

German American Bancorp Inc. increased its position in shares of Deere & Company (NYSE:DE) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,653 shares of the industrial products company’s stock after purchasing an additional 45 shares during the period. German American Bancorp Inc.’s holdings in Deere & Company were worth $661,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Morgan Stanley raised its position in shares of Deere & Company by 1.3% during the 3rd quarter. Morgan Stanley now owns 5,089,159 shares of the industrial products company’s stock valued at $1,920,548,000 after buying an additional 65,006 shares during the period. FMR LLC raised its position in Deere & Company by 6.6% in the third quarter. FMR LLC now owns 4,374,282 shares of the industrial products company’s stock valued at $1,650,767,000 after purchasing an additional 269,571 shares during the period. Northern Trust Corp lifted its stake in shares of Deere & Company by 2.5% in the 3rd quarter. Northern Trust Corp now owns 3,061,715 shares of the industrial products company’s stock valued at $1,155,430,000 after purchasing an additional 73,601 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Deere & Company by 11.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,595,945 shares of the industrial products company’s stock worth $638,167,000 after purchasing an additional 160,369 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Deere & Company by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,570,773 shares of the industrial products company’s stock worth $628,105,000 after purchasing an additional 31,074 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Up 0.7 %

Shares of NYSE:DE traded up $2.59 during trading on Friday, hitting $397.02. 1,612,076 shares of the company were exchanged, compared to its average volume of 1,385,556. The firm’s 50 day moving average price is $399.20 and its 200-day moving average price is $386.06. Deere & Company has a 12-month low of $345.55 and a 12-month high of $450.00. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.01 and a quick ratio of 1.81. The stock has a market capitalization of $110.51 billion, a P/E ratio of 11.96, a PEG ratio of 1.48 and a beta of 1.04.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, May 16th. The industrial products company reported $8.53 earnings per share for the quarter, beating analysts’ consensus estimates of $7.86 by $0.67. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. The firm had revenue of $13.61 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the previous year, the company earned $9.65 earnings per share. Deere & Company’s quarterly revenue was down 15.4% compared to the same quarter last year. On average, research analysts predict that Deere & Company will post 27.39 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th were paid a dividend of $1.47 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.88 annualized dividend and a dividend yield of 1.48%. Deere & Company’s dividend payout ratio (DPR) is 17.70%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DE shares. Daiwa Capital Markets increased their target price on shares of Deere & Company from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price target on Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. Oppenheimer reaffirmed an “outperform” rating and issued a $456.00 price objective on shares of Deere & Company in a research note on Thursday. Morgan Stanley increased their target price on Deere & Company from $430.00 to $450.00 in a research note on Wednesday. Finally, TD Cowen raised their target price on Deere & Company from $383.00 to $390.00 and gave the company a “hold” rating in a report on Friday. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $435.78.

Deere & Company Company Profile

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.