Natixis Advisors L.P. Decreases Position in Deere & Company (NYSE:DE)

Natixis Advisors L.P. reduced its position in shares of Deere & Company (NYSE:DE) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,765 shares of the industrial products company’s stock after selling 6,754 shares during the period. Natixis Advisors L.P.’s holdings in Deere & Company were worth $59,086,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Briaud Financial Planning Inc acquired a new stake in shares of Deere & Company in the third quarter worth approximately $25,000. Rakuten Securities Inc. acquired a new stake in Deere & Company during the 4th quarter worth $28,000. Naples Money Management LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth $29,000. Bfsg LLC acquired a new stake in shares of Deere & Company in the fourth quarter valued at about $30,000. Finally, ZRC Wealth Management LLC purchased a new position in shares of Deere & Company in the fourth quarter worth about $28,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 1.2 %

NYSE:DE traded up $4.91 during trading hours on Friday, reaching $400.87. 1,626,956 shares of the stock were exchanged, compared to its average volume of 1,472,102. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81. The business has a 50-day moving average of $390.73 and a two-hundred day moving average of $383.84. Deere & Company has a twelve month low of $345.55 and a twelve month high of $450.00. The company has a market capitalization of $111.59 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.46 and a beta of 1.04.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The firm had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.30 billion. During the same quarter in the previous year, the business earned $6.55 EPS. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. On average, equities analysts predict that Deere & Company will post 27.37 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.88 annualized dividend and a dividend yield of 1.47%. Deere & Company’s dividend payout ratio is presently 17.12%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DE shares. Truist Financial initiated coverage on shares of Deere & Company in a research note on Thursday, March 14th. They set a “buy” rating and a $494.00 price objective for the company. Stifel Nicolaus cut their price target on Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a report on Friday, February 16th. Evercore ISI boosted their price objective on Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 20th. Melius downgraded Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Citigroup lowered their price target on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $433.28.

About Deere & Company

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.