Deere & Company (NYSE:DE) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp trimmed its holdings in Deere & Company (NYSE:DE) by 0.4% during the fourth quarter, HoldingsChannel reports. The firm owned 249,221 shares of the industrial products company’s stock after selling 891 shares during the period. Boston Trust Walden Corp’s holdings in Deere & Company were worth $105,595,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DE. Centaurus Financial Inc. raised its position in Deere & Company by 2.3% during the 2nd quarter. Centaurus Financial Inc. now owns 1,160 shares of the industrial products company’s stock worth $433,000 after buying an additional 26 shares during the last quarter. Czech National Bank grew its holdings in Deere & Company by 5.8% in the third quarter. Czech National Bank now owns 52,206 shares of the industrial products company’s stock valued at $21,787,000 after purchasing an additional 2,875 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of Deere & Company by 2.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 90,871 shares of the industrial products company’s stock worth $37,923,000 after buying an additional 1,963 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Deere & Company by 29.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,290 shares of the industrial products company’s stock valued at $956,000 after acquiring an additional 515 shares during the period. Finally, Chemistry Wealth Management LLC grew its stake in shares of Deere & Company by 372.8% in the third quarter. Chemistry Wealth Management LLC now owns 3,177 shares of the industrial products company’s stock valued at $1,326,000 after buying an additional 2,505 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

DE has been the topic of a number of research analyst reports. Morgan Stanley raised their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Jefferies Financial Group lowered shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a research note on Friday, December 6th. Oppenheimer upped their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lifted their price objective on Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Finally, UBS Group upped their price target on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $444.50.

Deere & Company Stock Down 0.8 %

DE opened at $476.29 on Monday. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. The company has a market cap of $129.72 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 2.94 and a beta of 0.98. The company has a 50-day moving average price of $444.68 and a 200 day moving average price of $410.23. Deere & Company has a twelve month low of $340.20 and a twelve month high of $485.84.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same quarter in the prior year, the company posted $8.26 earnings per share. Deere & Company’s quarterly revenue was down 32.8% on a year-over-year basis. Sell-side analysts expect that Deere & Company will post 19.38 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio is currently 25.31%.

About Deere & Company

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.