Boston Common Asset Management LLC Has $5.47 Million Stock Position in Deere & Company (NYSE:DE)

Boston Common Asset Management LLC lessened its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 42.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,647 shares of the industrial products company's stock after selling 8,634 shares during the period. Boston Common Asset Management LLC's holdings in Deere & Company were worth $5,467,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of DE. Pineridge Advisors LLC lifted its holdings in shares of Deere & Company by 60.5% during the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock worth $29,000 after purchasing an additional 26 shares during the period. YANKCOM Partnership acquired a new position in shares of Deere & Company during the fourth quarter worth $34,000. Orion Capital Management LLC acquired a new position in shares of Deere & Company during the fourth quarter worth $34,000. Synergy Asset Management LLC acquired a new position in shares of Deere & Company during the fourth quarter worth $35,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of Deere & Company during the fourth quarter worth $39,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Stock Up 0.5%

DE traded up $2.32 during midday trading on Friday, hitting $505.77. The company had a trading volume of 1,686,451 shares, compared to its average volume of 1,400,784. Deere & Company has a 52 week low of $340.20 and a 52 week high of $533.78. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $137.27 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 2.14 and a beta of 1.08. The stock's 50 day moving average price is $475.54 and its 200 day moving average price is $462.50.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, beating the consensus estimate of $5.72 by $0.92. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The firm had revenue of $11.17 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the previous year, the firm posted $8.53 earnings per share. The business's revenue was down 17.9% compared to the same quarter last year. On average, research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is currently 31.35%.

Analyst Ratings Changes

DE has been the topic of a number of recent research reports. UBS Group cut their price target on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Citigroup lowered their target price on shares of Deere & Company from $550.00 to $525.00 and set a "neutral" rating for the company in a research note on Friday. Morgan Stanley lifted their target price on shares of Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 16th. Bank of America lifted their target price on shares of Deere & Company from $495.00 to $556.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Wall Street Zen downgraded shares of Deere & Company from a "hold" rating to a "sell" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $515.19.

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.