Deere & Company (NYSE:DE) Shares Bought by Columbia Trust Co 01012016

Columbia Trust Co 01012016 lifted its position in Deere & Company (NYSE:DE) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,928 shares of the industrial products company’s stock after acquiring an additional 75 shares during the quarter. Deere & Company accounts for approximately 1.0% of Columbia Trust Co 01012016’s holdings, making the stock its 21st largest position. Columbia Trust Co 01012016’s holdings in Deere & Company were worth $1,986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DE. Hoylecohen LLC grew its position in shares of Deere & Company by 2.7% in the 1st quarter. Hoylecohen LLC now owns 3,605 shares of the industrial products company’s stock worth $1,349,000 after acquiring an additional 95 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Deere & Company by 4.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,841 shares of the industrial products company’s stock valued at $2,558,000 after purchasing an additional 303 shares during the period. Virtu Financial LLC acquired a new position in Deere & Company during the 1st quarter valued at approximately $330,000. Axiom Investment Management LLC acquired a new position in Deere & Company during the 1st quarter valued at approximately $281,000. Finally, Beacon Investment Advisory Services Inc. boosted its position in Deere & Company by 13.8% during the 1st quarter. Beacon Investment Advisory Services Inc. now owns 872 shares of the industrial products company’s stock valued at $326,000 after purchasing an additional 106 shares during the period. Institutional investors own 75.35% of the company’s stock.

A number of research firms recently issued reports on DE. Deutsche Bank Aktiengesellschaft reduced their price objective on Deere & Company from $383.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, November 17th. Evercore ISI lowered Deere & Company from an “outperform” rating to an “inline” rating and reduced their price objective for the company from $470.00 to $354.00 in a research report on Thursday, October 14th. Credit Suisse Group boosted their price target on Deere & Company from $439.00 to $440.00 and gave the stock an “outperform” rating in a research report on Monday, August 23rd. Zacks Investment Research lowered Deere & Company from a “buy” rating to a “hold” rating and set a $375.00 price target for the company. in a research report on Friday, November 19th. Finally, JPMorgan Chase & Co. reduced their price target on Deere & Company from $346.00 to $297.00 and set an “underweight” rating for the company in a research report on Monday, October 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $382.63.

DE opened at $367.86 on Thursday. Deere & Company has a one year low of $250.54 and a one year high of $400.34. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.93 and a current ratio of 2.17. The stock’s fifty day moving average is $346.69 and its 200-day moving average is $355.58. The company has a market capitalization of $114.06 billion, a PE ratio of 21.31, a P/E/G ratio of 0.74 and a beta of 1.08.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 24th. The industrial products company reported $4.12 EPS for the quarter, topping the Zacks’ consensus estimate of $3.90 by $0.22. Deere & Company had a return on equity of 37.60% and a net margin of 12.82%. The company had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $10.48 billion. During the same quarter in the previous year, the business earned $2.39 EPS. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. On average, equities research analysts forecast that Deere & Company will post 18.85 EPS for the current fiscal year.

Deere & Company Profile

Deere & Co engages in the manufacturing and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf; Construction and Forestry; and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacturing of full line of agriculture and turf equipment and related service parts.

Further Reading: Float

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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