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.
Source: American Banking and Market News