Deere & Company $DE Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC lessened its stake in Deere & Company (NYSE:DE) by 8.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,691 shares of the industrial products company’s stock after selling 956 shares during the quarter. Boston Common Asset Management LLC’s holdings in Deere & Company were worth $5,436,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Gutierrez Wealth Advisory LLC raised its stake in shares of Deere & Company by 2.1% in the 2nd quarter. Gutierrez Wealth Advisory LLC now owns 1,147 shares of the industrial products company’s stock valued at $583,000 after purchasing an additional 24 shares in the last quarter. Financial Insights Inc. acquired a new stake in shares of Deere & Company in the 2nd quarter valued at about $204,000. Elevate Capital Advisors LLC raised its stake in shares of Deere & Company by 1.4% in the 2nd quarter. Elevate Capital Advisors LLC now owns 3,206 shares of the industrial products company’s stock valued at $1,630,000 after purchasing an additional 44 shares in the last quarter. Ameriflex Group Inc. grew its position in shares of Deere & Company by 8.9% during the 2nd quarter. Ameriflex Group Inc. now owns 577 shares of the industrial products company’s stock valued at $293,000 after buying an additional 47 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in shares of Deere & Company by 8.7% during the 2nd quarter. QRG Capital Management Inc. now owns 40,092 shares of the industrial products company’s stock valued at $20,386,000 after buying an additional 3,199 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Performance

Shares of DE stock opened at $462.59 on Friday. Deere & Company has a 12-month low of $387.03 and a 12-month high of $533.78. The firm has a market capitalization of $125.05 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 2.98 and a beta of 1.02. The business has a 50 day simple moving average of $484.64 and a 200 day simple moving average of $489.15. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the company posted $6.29 EPS. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. On average, equities research analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is currently 33.87%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DE. Evercore ISI set a $491.00 price objective on shares of Deere & Company in a research report on Tuesday, August 19th. Oppenheimer lowered their price objective on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a research report on Thursday, September 18th. Truist Financial lowered their price objective on shares of Deere & Company from $619.00 to $602.00 and set a “buy” rating for the company in a research report on Friday, August 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a research report on Saturday, September 27th. Finally, Wolfe Research lowered their price objective on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $518.18.

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.