Tokio Marine Asset Management Co. Ltd. Purchases 168 Shares of Deere & Company (NYSE:DE)

Tokio Marine Asset Management Co. Ltd. lifted its stake in Deere & Company (NYSE:DE) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,166 shares of the industrial products company’s stock after purchasing an additional 168 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Deere & Company were worth $2,466,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Morgan Stanley grew its holdings in Deere & Company by 1.3% during the 3rd quarter. Morgan Stanley now owns 5,089,159 shares of the industrial products company’s stock worth $1,920,548,000 after acquiring an additional 65,006 shares during the period. FMR LLC grew its holdings in Deere & Company by 6.6% during the 3rd quarter. FMR LLC now owns 4,374,282 shares of the industrial products company’s stock worth $1,650,767,000 after acquiring an additional 269,571 shares during the period. Northern Trust Corp grew its holdings in Deere & Company by 2.5% during the 3rd quarter. Northern Trust Corp now owns 3,061,715 shares of the industrial products company’s stock worth $1,155,430,000 after acquiring an additional 73,601 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Deere & Company by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,539,699 shares of the industrial products company’s stock worth $581,052,000 after acquiring an additional 33,946 shares during the period. Finally, Rothschild & Co Wealth Management UK Ltd grew its holdings in Deere & Company by 1.1% during the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,146,220 shares of the industrial products company’s stock worth $432,561,000 after acquiring an additional 12,825 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Performance

DE traded down $3.99 on Thursday, reaching $390.63. The company had a trading volume of 662,091 shares, compared to its average volume of 1,470,359. Deere & Company has a fifty-two week low of $345.55 and a fifty-two week high of $450.00. The stock has a market cap of $108.74 billion, a P/E ratio of 11.29, a P/E/G ratio of 1.49 and a beta of 1.04. The company’s fifty day moving average is $386.62 and its 200 day moving average is $383.47. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The firm had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. During the same quarter in the prior year, the business posted $6.55 EPS. The business’s revenue was down 8.0% compared to the same quarter last year. As a group, analysts predict that Deere & Company will post 27.37 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.51%. Deere & Company’s payout ratio is presently 17.12%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DE shares. JPMorgan Chase & Co. boosted their price target on shares of Deere & Company from $415.00 to $425.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Melius cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Wells Fargo & Company cut their price objective on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a research report on Friday, February 16th. Morgan Stanley started coverage on shares of Deere & Company in a research report on Monday, January 8th. They issued an “overweight” rating and a $430.00 price objective on the stock. Finally, Evercore ISI boosted their price objective on shares of Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a research report on Tuesday, February 20th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $433.28.

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.