BNP Paribas Boosts Stock Position in Deere & Company (NYSE:DE)

BNP Paribas grew its holdings in Deere & Company (NYSE:DE) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,035 shares of the industrial products company’s stock after purchasing an additional 1,324 shares during the period. Deere & Company comprises approximately 1.2% of BNP Paribas’ holdings, making the stock its 24th largest holding. BNP Paribas’ holdings in Deere & Company were worth $30,097,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Fairscale Capital LLC purchased a new stake in shares of Deere & Company in the second quarter valued at approximately $26,000. Pineridge Advisors LLC grew its position in shares of Deere & Company by 725.0% during the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock worth $27,000 after buying an additional 58 shares in the last quarter. Livelsberger Financial Advisory purchased a new position in shares of Deere & Company during the third quarter valued at $32,000. Olistico Wealth LLC bought a new stake in shares of Deere & Company in the second quarter valued at about $37,000. Finally, Centennial Bank AR lifted its stake in Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 84 shares during the period. 68.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DE shares. Evercore ISI raised their target price on shares of Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a research report on Monday, August 19th. Citigroup boosted their price objective on shares of Deere & Company from $395.00 to $420.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Morgan Stanley increased their target price on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday. Truist Financial upped their price objective on Deere & Company from $496.00 to $538.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Finally, BMO Capital Markets initiated coverage on shares of Deere & Company in a report on Friday, August 9th. They issued a “market perform” rating and a $400.00 price target on the stock. Thirteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has a consensus rating of “Hold” and a consensus price target of $433.00.

Deere & Company Stock Performance

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

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

Deere & 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.