Deere & Company $DE Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC lowered its holdings in Deere & Company (NYSE:DE) by 7.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,612 shares of the industrial products company’s stock after selling 1,762 shares during the period. Trillium Asset Management LLC’s holdings in Deere & Company were worth $10,480,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. OLD National Bancorp IN lifted its stake in shares of Deere & Company by 2.6% in the 2nd quarter. OLD National Bancorp IN now owns 24,000 shares of the industrial products company’s stock worth $12,204,000 after acquiring an additional 610 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its position in Deere & Company by 10.7% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 8,280 shares of the industrial products company’s stock worth $3,863,000 after acquiring an additional 798 shares during the last quarter. Providence Capital Advisors LLC raised its position in Deere & Company by 2.1% during the first quarter. Providence Capital Advisors LLC now owns 14,639 shares of the industrial products company’s stock worth $6,871,000 after acquiring an additional 303 shares during the last quarter. Bragg Financial Advisors Inc raised its position in Deere & Company by 12.7% during the first quarter. Bragg Financial Advisors Inc now owns 7,213 shares of the industrial products company’s stock worth $3,386,000 after acquiring an additional 813 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. acquired a new position in shares of Deere & Company in the first quarter valued at approximately $13,588,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on DE. Robert W. Baird decreased their target price on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. JPMorgan Chase & Co. reduced their target price on shares of Deere & Company from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. UBS Group restated a “buy” rating on shares of Deere & Company in a research note on Tuesday, October 28th. Oppenheimer decreased their price target on Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a research note on Thursday, September 18th. Finally, Jefferies Financial Group dropped their target price on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $518.72.

Deere & Company Stock Performance

Shares of DE opened at $468.36 on Wednesday. Deere & Company has a one year low of $387.03 and a one year high of $533.78. The company has a 50-day moving average of $466.80 and a two-hundred day moving average of $490.13. The stock has a market cap of $126.61 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 3.05 and a beta of 1.04. 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 results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating the consensus estimate of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The business had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the prior year, the firm earned $6.29 EPS. The firm’s quarterly revenue was down 9.0% on a year-over-year basis. On average, equities research analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

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

Deere & Company Company Profile

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.