Boston Trust Walden Corp Trims Stake in Deere & Company (NYSE:DE)

Boston Trust Walden Corp trimmed its stake in shares of Deere & Company (NYSE:DE - Free Report) by 4.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 238,990 shares of the industrial products company's stock after selling 10,231 shares during the quarter. Deere & Company comprises 0.8% of Boston Trust Walden Corp's portfolio, making the stock its 27th largest position. Boston Trust Walden Corp owned approximately 0.09% of Deere & Company worth $112,170,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its position in Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock worth $1,927,000 after purchasing an additional 1,278 shares during the last quarter. Principal Securities Inc. increased its holdings in Deere & Company by 9.7% during the 4th quarter. Principal Securities Inc. now owns 4,329 shares of the industrial products company's stock valued at $1,834,000 after purchasing an additional 381 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in Deere & Company by 16.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 783 shares of the industrial products company's stock valued at $332,000 after purchasing an additional 110 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in shares of Deere & Company by 16.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 14,142 shares of the industrial products company's stock valued at $5,998,000 after buying an additional 1,979 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of Deere & Company by 1.2% in the 4th quarter. New York State Common Retirement Fund now owns 383,748 shares of the industrial products company's stock valued at $162,594,000 after buying an additional 4,531 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DE shares. Robert W. Baird lifted their target price on Deere & Company from $501.00 to $514.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. The Goldman Sachs Group reiterated a "buy" rating on shares of Deere & Company in a research note on Thursday, May 15th. Evercore ISI increased their price target on Deere & Company from $455.00 to $493.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Melius upgraded Deere & Company from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, JPMorgan Chase & Co. raised their target price on Deere & Company from $490.00 to $540.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Deere & Company has a consensus rating of "Hold" and an average target price of $515.19.

Deere & Company Stock Down 0.8%

Shares of DE traded down $4.32 during trading hours on Friday, hitting $520.66. The stock had a trading volume of 1,387,433 shares, compared to its average volume of 1,390,966. The firm has a market capitalization of $141.01 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 3.33 and a beta of 1.09. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.11 and a quick ratio of 1.89. Deere & Company has a 1-year low of $340.20 and a 1-year high of $533.78. The firm has a 50 day simple moving average of $493.91 and a 200-day simple moving average of $470.14.

Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping the consensus estimate of $5.72 by $0.92. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The firm had revenue of $11.17 billion for the quarter, compared to analysts' expectations of $10.80 billion. During the same quarter last year, the firm earned $8.53 EPS. The company's quarterly revenue was down 17.9% compared to the same quarter last year. Sell-side analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be issued a $1.62 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.24%. Deere & Company's dividend payout ratio (DPR) is presently 31.35%.

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.