Northeast Investment Management Has $16.76 Million Stock Position in Deere & Company (NYSE:DE)

Northeast Investment Management cut its holdings in shares of Deere & Company (NYSE:DE) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,545 shares of the industrial products company’s stock after selling 3,026 shares during the quarter. Northeast Investment Management’s holdings in Deere & Company were worth $16,755,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Empowered Funds LLC boosted its stake in shares of Deere & Company by 20.8% in the fourth quarter. Empowered Funds LLC now owns 16,935 shares of the industrial products company’s stock valued at $7,175,000 after buying an additional 2,915 shares during the period. Wilmington Savings Fund Society FSB increased its position in shares of Deere & Company by 2.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 22,001 shares of the industrial products company’s stock worth $9,322,000 after purchasing an additional 438 shares during the period. Arlington Financial Advisors LLC raised its stake in Deere & Company by 0.9% in the fourth quarter. Arlington Financial Advisors LLC now owns 10,467 shares of the industrial products company’s stock valued at $4,435,000 after purchasing an additional 89 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in Deere & Company by 32.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 5,507 shares of the industrial products company’s stock worth $2,333,000 after purchasing an additional 1,343 shares during the period. Finally, Unison Asset Management LLC grew its stake in Deere & Company by 2.6% during the fourth quarter. Unison Asset Management LLC now owns 4,425 shares of the industrial products company’s stock worth $1,875,000 after buying an additional 112 shares in the last quarter. 68.58% of the stock is owned by institutional investors.

Deere & Company Price Performance

Deere & Company stock opened at $465.63 on Friday. The business has a fifty day moving average price of $445.00 and a 200-day moving average price of $412.86. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. Deere & Company has a one year low of $340.20 and a one year high of $485.84. The firm has a market capitalization of $126.82 billion, a P/E ratio of 18.19, a PEG ratio of 2.87 and a beta of 0.98.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.66. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. Deere & Company’s revenue for the quarter was down 32.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.26 earnings per share. As a group, equities research analysts forecast that Deere & Company will post 19.38 EPS for the current year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $1.62 per share. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.39%. Deere & Company’s payout ratio is presently 25.31%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DE shares. UBS Group upped their price target on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Oppenheimer raised their target price on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Citigroup lowered their price target on Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Jefferies Financial Group cut Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $444.50.

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.