Boston Trust Walden Corp Sells 39,499 Shares of Deere & Company $DE

Key Points

• Boston Trust Walden Corp has reduced its holdings in Deere & Company by 16.5%, selling 39,499 shares and now holds 199,491 shares valued at approximately $101.4 million.
• Deere & Company reported a quarterly earnings per share of $4.75, exceeding analysts' expectations, with revenue of $10.36 billion, marking a 9% decrease compared to the previous year.
• The company announced a quarterly dividend of $1.62 per share, equating to an annualized dividend yield of 1.5%, which is payable on November 10th to shareholders of record on September 30th.

Boston Trust Walden Corp trimmed its holdings in Deere & Company (NYSE:DE - Free Report) by 16.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,491 shares of the industrial products company's stock after selling 39,499 shares during the quarter. Boston Trust Walden Corp owned about 0.07% of Deere & Company worth $101,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Activest Wealth Management increased its stake in shares of Deere & Company by 2,750.0% in the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company's stock worth $27,000 after acquiring an additional 55 shares in the last quarter. Hughes Financial Services LLC bought a new position in shares of Deere & Company in the 1st quarter worth about $29,000. Cornerstone Planning Group LLC increased its stake in shares of Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock worth $31,000 after acquiring an additional 36 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new position in shares of Deere & Company in the 2nd quarter worth about $38,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Deere & Company in the 2nd quarter worth about $39,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Stock Performance

Shares of NYSE DE opened at $439.00 on Tuesday. The firm's 50-day moving average price is $477.70 and its 200-day moving average price is $488.26. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. The company has a market cap of $118.67 billion, a PE ratio of 22.95, a PEG ratio of 2.87 and a beta of 1.02. Deere & Company has a 52-week low of $387.03 and a 52-week high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.62 by $0.13. The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The business's quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $6.29 EPS. As a group, analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The business 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. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company's dividend payout ratio (DPR) is presently 33.87%.

Analyst Upgrades and Downgrades

DE has been the subject of several research reports. Truist Financial increased their price target on shares of Deere & Company from $602.00 to $609.00 and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Oppenheimer reduced their price objective on shares of Deere & Company from $566.00 to $512.00 and set an "outperform" rating for the company in a research note on Thursday, September 18th. Robert W. Baird reduced their price objective on shares of Deere & Company from $520.00 to $488.00 and set a "neutral" rating for the company in a research note on Friday, August 15th. Weiss Ratings restated a "hold (c+)" rating on shares of Deere & Company in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group reduced their price objective on shares of Deere & Company from $510.00 to $440.00 and set a "hold" rating for the company in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $513.88.

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.

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