Deere & Company (NYSE:DE) Shares Sold by Boston Financial Mangement LLC

Boston Financial Mangement LLC lessened its holdings in shares of Deere & Company (NYSE:DE) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,598 shares of the industrial products company’s stock after selling 54 shares during the period. Boston Financial Mangement LLC’s holdings in Deere & Company were worth $971,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its holdings in Deere & Company by 15.9% in the fourth quarter. International Assets Investment Management LLC now owns 2,102 shares of the industrial products company’s stock valued at $841,000 after acquiring an additional 288 shares during the last quarter. Gilbert & Cook Inc. increased its position in shares of Deere & Company by 5.4% during the 4th quarter. Gilbert & Cook Inc. now owns 1,978 shares of the industrial products company’s stock worth $791,000 after purchasing an additional 102 shares during the last quarter. Mather Group LLC. raised its holdings in Deere & Company by 8.7% in the 4th quarter. Mather Group LLC. now owns 2,385 shares of the industrial products company’s stock valued at $954,000 after buying an additional 191 shares during the period. Kestra Private Wealth Services LLC lifted its position in Deere & Company by 2.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 10,169 shares of the industrial products company’s stock valued at $4,066,000 after buying an additional 202 shares during the last quarter. Finally, Mission Wealth Management LP lifted its position in Deere & Company by 63.2% in the fourth quarter. Mission Wealth Management LP now owns 3,158 shares of the industrial products company’s stock valued at $1,263,000 after buying an additional 1,223 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

DE has been the topic of a number of research analyst reports. Raymond James began coverage on shares of Deere & Company in a research note on Friday, June 28th. They issued an “outperform” rating and a $420.00 price target on the stock. BMO Capital Markets started coverage on shares of Deere & Company in a research report on Friday, August 9th. They issued a “market perform” rating and a $400.00 price target for the company. Truist Financial reaffirmed a “buy” rating and set a $443.00 price objective (up previously from $439.00) on shares of Deere & Company in a research report on Friday, August 16th. HSBC lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Hsbc Global Res downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Fourteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $414.11.

Deere & Company Trading Up 1.0 %

Shares of DE stock opened at $385.72 on Friday. The business’s fifty day moving average price is $367.73 and its 200 day moving average price is $379.83. The firm has a market capitalization of $106.29 billion, a PE ratio of 11.61, a P/E/G ratio of 1.59 and a beta of 0.93. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.01 and a quick ratio of 1.80. Deere & Company has a 1-year low of $340.20 and a 1-year high of $423.35.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, beating the consensus estimate of $5.63 by $0.66. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. The firm had revenue of $11.39 billion during the quarter, compared to analysts’ expectations of $10.94 billion. During the same quarter last year, the business earned $10.20 earnings per share. The business’s revenue for the quarter was down 20.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Deere & Company will post 25.41 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Monday, September 30th. Deere & Company’s dividend payout ratio is currently 17.70%.

Insider Buying and Selling at Deere & Company

In other news, insider Cory J. Reed sold 13,370 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $377.63, for a total value of $5,048,913.10. Following the sale, the insider now directly owns 41,642 shares in the company, valued at $15,725,268.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by insiders.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.