Captrust Financial Advisors Raises Stock Position in Deere & Company (NYSE:DE)

Captrust Financial Advisors grew its holdings in Deere & Company (NYSE:DE) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 155,184 shares of the industrial products company’s stock after purchasing an additional 4,051 shares during the quarter. Captrust Financial Advisors’ holdings in Deere & Company were worth $64,763,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fairscale Capital LLC acquired a new position in shares of Deere & Company in the second quarter worth $26,000. Livelsberger Financial Advisory acquired a new position in Deere & Company during the 3rd quarter worth $32,000. Olistico Wealth LLC acquired a new stake in Deere & Company in the 2nd quarter valued at about $37,000. Centennial Bank AR boosted its stake in shares of Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after buying an additional 84 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in shares of Deere & Company during the third quarter worth about $47,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

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

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping 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 firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same quarter in the prior year, the company posted $8.26 earnings per share. Deere & Company’s quarterly revenue was down 32.8% on a year-over-year basis. Research analysts anticipate that Deere & Company will post 19.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. boosted their target price on shares of Deere & Company from $420.00 to $450.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Hsbc Global Res cut Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Finally, Evercore ISI raised their target price on Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a research report on Monday, August 19th. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $436.41.

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.