Deere & Company (NYSE:DE) Holdings Lifted by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp boosted its position in shares of Deere & Company (NYSE:DE) by 2.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 11,274 shares of the industrial products company’s stock after buying an additional 288 shares during the period. Atlantic Union Bankshares Corp’s holdings in Deere & Company were worth $4,705,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DE. Oppenheimer Asset Management Inc. boosted its position in shares of Deere & Company by 20.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 15,808 shares of the industrial products company’s stock valued at $5,906,000 after purchasing an additional 2,692 shares during the period. Chase Investment Counsel Corp boosted its position in Deere & Company by 53.8% during the 3rd quarter. Chase Investment Counsel Corp now owns 4,000 shares of the industrial products company’s stock worth $1,669,000 after acquiring an additional 1,400 shares during the period. Balentine LLC acquired a new stake in Deere & Company during the 3rd quarter worth about $710,000. Douglass Winthrop Advisors LLC boosted its position in Deere & Company by 2.9% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 273,207 shares of the industrial products company’s stock worth $114,017,000 after acquiring an additional 7,753 shares during the period. Finally, Royal Fund Management LLC boosted its position in Deere & Company by 99.8% during the 3rd quarter. Royal Fund Management LLC now owns 6,454 shares of the industrial products company’s stock worth $2,694,000 after acquiring an additional 3,223 shares during the period. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

DE opened at $466.00 on Friday. Deere & Company has a 12-month low of $340.20 and a 12-month high of $469.39. The firm has a market capitalization of $127.50 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 1.99 and a beta of 0.93. The stock’s 50 day moving average price is $412.04 and its two-hundred day moving average price is $388.07. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.90 by $0.65. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. Deere & Company’s revenue was down 32.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.26 earnings per share. On average, equities analysts forecast that Deere & Company will post 19.52 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Barclays raised their price objective on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. UBS Group raised their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Oppenheimer raised their price objective on Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Hsbc Global Res downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Citigroup raised their price target on Deere & Company from $395.00 to $420.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Twelve equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Deere & Company presently has an average rating of “Hold” and a consensus target price of $436.41.

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.