Deere & Company (DE) Upgraded to “Outperform” at BMO Capital Markets
Deere & Company (NYSE:DE) was upgraded by research
analysts at BMO Capital Markets from a “market perform” rating to an
“outperform” rating in a research note issued to investors on Tuesday, The Fly
reports.
A number of hedge funds and institutional investors have
added to or reduced their stakes in the company. Berkshire Hathaway Inc. raised
its position in Deere & Company by 34.2% in the fourth quarter. Berkshire
Hathaway Inc. now owns 22,884,150 shares of the company’s stock worth
$1,745,375,000 after buying an additional 5,832,040 shares during the period.
Norges Bank acquired a new position in Deere & Company during the fourth
quarter worth $282,171,000. Alecta Pensionsforsakring Omsesidigt acquired a new
position in Deere & Company during the first quarter worth $160,139,000.
Generation Investment Management LLP raised its position in Deere & Company
by 31.4% in the fourth quarter. Generation Investment Management LLP now owns
6,101,813 shares of the company’s stock worth $465,385,000 after buying an
additional 1,457,917 shares during the period. Finally, Capital World Investors
raised its position in Deere & Company by 17.4% in the fourth quarter.
Capital World Investors now owns 9,705,000 shares of the company’s stock worth
$740,200,000 after buying an additional 1,435,000 shares during the period.
Source: Community Financial News