Boston Partners Reduces Position in Deere & Company $DE

Boston Partners lessened its holdings in Deere & Company (NYSE:DE - Free Report) by 99.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,310 shares of the industrial products company's stock after selling 601,818 shares during the period. Boston Partners' holdings in Deere & Company were worth $615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hughes Financial Services LLC purchased a new stake in shares of Deere & Company in the first quarter worth $29,000. Cornerstone Planning Group LLC increased its holdings in shares of Deere & Company by 116.1% in the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock worth $31,000 after buying an additional 36 shares during the period. Orion Capital Management LLC purchased a new position in Deere & Company during the 4th quarter valued at about $34,000. Mascagni Wealth Management Inc. purchased a new position in Deere & Company during the 4th quarter valued at about $39,000. Finally, Citizens National Bank Trust Department purchased a new position in Deere & Company during the 1st quarter valued at about $45,000. Hedge funds and other institutional investors own 68.58% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on DE shares. BMO Capital Markets reaffirmed a "market perform" rating and set a $460.00 price objective (up from $425.00) on shares of Deere & Company in a research report on Wednesday, May 21st. JPMorgan Chase & Co. boosted their price objective on shares of Deere & Company from $490.00 to $540.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Wall Street Zen lowered shares of Deere & Company from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Citigroup decreased 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, May 30th. Finally, Melius raised shares of Deere & Company from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, Deere & Company has an average rating of "Moderate Buy" and an average price target of $523.87.

Deere & Company Price Performance

Shares of NYSE DE traded up $8.95 during mid-day trading on Friday, hitting $495.71. 673,648 shares of the company's stock traded hands, compared to its average volume of 1,360,815. The company's 50-day moving average is $508.86 and its two-hundred day moving average is $490.28. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The company has a market capitalization of $134.25 billion, a P/E ratio of 25.93, a PEG ratio of 3.15 and a beta of 1.06. Deere & Company has a 1 year low of $374.46 and a 1 year high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping analysts' consensus estimates of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The company had revenue of $10.36 billion for 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 firm's revenue for the quarter was down 9.0% on a year-over-year basis. On average, equities analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Monday, June 30th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is presently 33.87%.

Deere & 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.