Deere & Company (NYSE:DE) Shares Acquired by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. lifted its holdings in shares of Deere & Company (NYSE:DE) by 88,200.0% during the 3rd quarter, Holdings Channel reports. The firm owned 883 shares of the industrial products company’s stock after buying an additional 882 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Deere & Company were worth $369,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bayesian Capital Management LP purchased a new stake in shares of Deere & Company during the first quarter worth approximately $904,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Deere & Company during the first quarter worth approximately $404,000. Comerica Bank increased its stake in shares of Deere & Company by 1.1% during the first quarter. Comerica Bank now owns 63,488 shares of the industrial products company’s stock worth $26,077,000 after buying an additional 667 shares during the period. Pineridge Advisors LLC increased its stake in Deere & Company by 725.0% in the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Finally, WealthPlan Investment Management LLC increased its stake in Deere & Company by 6.9% in the first quarter. WealthPlan Investment Management LLC now owns 555 shares of the industrial products company’s stock valued at $228,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of NYSE DE opened at $461.15 on Wednesday. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The stock has a fifty day moving average price of $409.62 and a 200 day moving average price of $386.98. Deere & Company has a 1-year low of $340.20 and a 1-year high of $469.39. The company has a market cap of $126.17 billion, a PE ratio of 18.01, a P/E/G ratio of 1.91 and a beta of 0.93.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating analysts’ consensus estimates of $3.90 by $0.65. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter last year, the company earned $8.26 earnings per share. Deere & Company’s quarterly revenue was down 32.8% compared to the same quarter last year. Sell-side analysts forecast that Deere & Company will post 20.23 EPS for the current year.

Analyst Upgrades and Downgrades

DE has been the topic of several recent analyst reports. Citigroup increased their price target on shares of Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Truist Financial increased their price target on shares of Deere & Company from $496.00 to $538.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. HSBC lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. JPMorgan Chase & Co. increased their price target on shares of Deere & Company from $420.00 to $450.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Finally, BMO Capital Markets assumed coverage on shares of Deere & Company in a research note on Friday, August 9th. They issued a “market perform” rating and a $400.00 price target on the stock. Thirteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has a consensus rating of “Hold” and a consensus target price of $433.00.

About Deere & Company

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.