Swiss National Bank Sells 38,900 Shares of Deere & Company $DE

The Swiss National Bank reduced its stake in Deere & Company (NYSE:DE) by 5.0% in the third quarter, selling 38,900 shares and leaving them with 741,700 shares valued at $339.15 million. This divestment occurred amidst other institutional investors either selling or increasing their holdings in the industrial products company. Analyst ratings for Deere & Company are predominantly “Moderate Buy,” with an average price target of $647.20, following recent target price increases from several firms.