Janus Henderson Group PLC Sells 1,430,035 Shares of Deere & Company (NYSE:DE)

Janus Henderson Group PLC lowered its position in Deere & Company (NYSE:DE) by 39.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,154,947 shares of the industrial products company’s stock after selling 1,430,035 shares during the period. Janus Henderson Group PLC owned about 0.79% of Deere & Company worth $899,323,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Fairscale Capital LLC purchased a new position in shares of Deere & Company during the 2nd quarter valued at about $26,000. Livelsberger Financial Advisory acquired a new stake in shares of Deere & Company during the third quarter worth about $32,000. Olistico Wealth LLC purchased a new stake in Deere & Company in the 2nd quarter valued at approximately $37,000. Centennial Bank AR raised its position in shares of Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 84 shares during the last quarter. Finally, Briaud Financial Planning Inc raised its holdings in Deere & Company by 73.5% in the 2nd quarter. Briaud Financial Planning Inc now owns 118 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on DE. Bank of America raised their price target on shares of Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. UBS Group boosted their target price on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Truist Financial upped their price target on shares of Deere & Company from $496.00 to $538.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Citigroup upped their price target on shares of Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $436.41.

Deere & Company Stock Performance

DE stock opened at $462.70 on Tuesday. Deere & Company has a one year low of $340.20 and a one year high of $469.39. The firm has a 50-day simple moving average of $413.25 and a two-hundred day simple moving average of $388.13. 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 firm has a market cap of $126.59 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.99 and a beta of 0.96.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating the consensus estimate of $3.90 by $0.65. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same period in the prior year, the firm posted $8.26 earnings per share. The firm’s revenue was down 32.8% on a year-over-year basis. On average, equities analysts forecast that Deere & Company will post 19.52 EPS for the current fiscal year.

Deere & Company 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.