Deere & Company (DE) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank raised its holdings in Deere & Company (NYSE:DE) by 48.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 311,041 shares of the industrial products company’s stock after acquiring an additional 101,789 shares during the quarter. Toronto Dominion Bank owned approximately 0.10% of Deere & Company worth $46,749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Whitener Capital Management Inc. bought a new position in shares of Deere & Company during the 3rd quarter worth $105,000. Kaizen Advisory LLC grew its position in shares of Deere & Company by 158.4% during the 2nd quarter. Kaizen Advisory LLC now owns 796 shares of the industrial products company’s stock worth $111,000 after buying an additional 488 shares in the last quarter. Amussen Hunsaker Associates LLC bought a new position in shares of Deere & Company during the 2nd quarter worth $122,000. Sun Life Financial INC grew its position in shares of Deere & Company by 283.8% during the 2nd quarter. Sun Life Financial INC now owns 879 shares of the industrial products company’s stock worth $123,000 after buying an additional 650 shares in the last quarter. Finally, Psagot Investment House Ltd. bought a new position in shares of Deere & Company during the 2nd quarter worth $130,000. 66.47% of the stock is currently owned by institutional investors.

Shares of NYSE DE opened at $147.22 on Thursday. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.91 and a quick ratio of 1.66. The firm has a market cap of $46.50 billion, a P/E ratio of 22.04, a P/E/G ratio of 2.20 and a beta of 0.97. Deere & Company has a 1-year low of $128.32 and a 1-year high of $175.26.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Friday, August 17th. The industrial products company reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.16). Deere & Company had a return on equity of 28.51% and a net margin of 5.82%. The company had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.18 billion. During the same quarter last year, the company earned $1.97 earnings per share. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. As a group, equities analysts forecast that Deere & Company will post 9.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Shareholders of record on Friday, September 28th were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Thursday, September 27th. Deere & Company’s dividend payout ratio (DPR) is presently 41.32%.

A number of equities analysts have recently issued reports on DE shares. Deutsche Bank set a $155.00 price target on Deere & Company and gave the stock a “hold” rating in a research report on Wednesday, September 5th. UBS Group dropped their price target on Deere & Company from $185.00 to $177.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. Zacks Investment Research reissued a “hold” rating on shares of Deere & Company in a research report on Tuesday. Argus dropped their price target on Deere & Company to $160.00 and set a “buy” rating on the stock in a research report on Monday, August 20th. Finally, Credit Suisse Group dropped their price target on Deere & Company from $231.00 to $221.00 and set an “outperform” rating on the stock in a research report on Monday, August 20th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $177.75.

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About Deere & Company

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.

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

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