June 3, 2016

Goldman Sachs Upgraded Deere & Company (DE)


Deere & Company (NYSE:DE) was upgraded by equities research analysts at Goldman Sachs from a “neutral” rating to a “buy” rating in a research note issued on Thursday, The Fly reports.

Several institutional investors recently added to or reduced their stakes in the stock. 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 stake in shares of Deere & Company during the fourth quarter valued at about $282,171,000. Alecta Pensionsforsakring Omsesidigt acquired a new stake in shares of Deere & Company during the first quarter valued at about $160,139,000. Generation Investment Management LLP increased its stake in shares of Deere & Company by 31.4% in the fourth quarter. Generation Investment Management LLP now owns 6,101,813 shares of the company’s stock valued at $465,385,000 after buying an additional 1,457,917 shares in the last quarter. Finally, Capital World Investors increased its stake in shares of Deere & Company by 17.4% in the fourth quarter. Capital World Investors now owns 9,705,000 shares of the company’s stock valued at $740,200,000 after buying an additional 1,435,000 shares in the last quarter.