Putnam Investments LLC lessened its holdings in shares of Deere & Company (NYSE:DE) by 75.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,222 shares of the industrial products company’s stock after selling 99,099 shares during the period. Putnam Investments LLC’s holdings in Deere & Company were worth $4,504,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC grew its holdings in Deere & Company by 3.2% in the second quarter. FMR LLC now owns 10,120,872 shares of the industrial products company’s stock valued at $1,414,898,000 after purchasing an additional 316,150 shares during the last quarter. Loomis Sayles & Co. L P grew its holdings in Deere & Company by 0.6% in the first quarter. Loomis Sayles & Co. L P now owns 6,489,578 shares of the industrial products company’s stock valued at $1,007,961,000 after purchasing an additional 39,778 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Deere & Company by 11.8% in the second quarter. Janus Henderson Group PLC now owns 2,871,865 shares of the industrial products company’s stock valued at $401,491,000 after purchasing an additional 303,621 shares during the last quarter. Findlay Park Partners LLP grew its holdings in Deere & Company by 86.4% in the second quarter. Findlay Park Partners LLP now owns 1,359,572 shares of the industrial products company’s stock valued at $190,068,000 after purchasing an additional 630,000 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Deere & Company by 2.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,344,605 shares of the industrial products company’s stock valued at $187,976,000 after purchasing an additional 29,532 shares during the last quarter. 66.30% of the stock is currently owned by hedge funds and other institutional investors.

DE has been the topic of a number of analyst reports. Morgan Stanley set a $185.00 price objective on Deere & Company and gave the company a “buy” rating in a research note on Tuesday, June 5th. Wells Fargo & Co decreased their price objective on Deere & Company from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Monday, August 20th. JPMorgan Chase & Co. set a $145.00 price objective on Deere & Company and gave the company a “hold” rating in a research note on Monday, August 13th. Citigroup decreased their price objective on Deere & Company from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, June 20th. Finally, Credit Suisse Group decreased their price objective on Deere & Company from $231.00 to $221.00 and set an “outperform” rating on the stock in a research note on Monday, August 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $177.75.

NYSE DE opened at $152.81 on Monday. Deere & Company has a twelve month low of $122.39 and a twelve month high of $175.26. The stock has a market cap of $49.15 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 2.84 and a beta of 0.86. The company has a current ratio of 1.91, a quick ratio of 1.66 and a debt-to-equity ratio of 2.59.

Deere & Company (NYSE:DE) last released its earnings results on Friday, August 17th. The industrial products company reported $2.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.75 by ($0.16). Deere & Company had a return on equity of 28.51% and a net margin of 5.82%. The business had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.18 billion. During the same quarter last year, the company posted $1.97 earnings per share. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. equities analysts anticipate that Deere & Company will post 9.5 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Investors of record on Friday, September 28th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $2.76 annualized dividend and a yield of 1.81%. Deere & Company’s dividend payout ratio (DPR) is presently 41.32%.

Deere & Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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