Baxter Bros Inc. Purchases 45 Shares of Deere & Company (NYSE:DE)

Baxter Bros Inc. boosted its holdings in Deere & Company (NYSE:DE) by 0.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,935 shares of the industrial products company’s stock after buying an additional 45 shares during the period. Baxter Bros Inc.’s holdings in Deere & Company were worth $2,373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Morgan Stanley increased its position in shares of Deere & Company by 1.3% during the 3rd quarter. Morgan Stanley now owns 5,089,159 shares of the industrial products company’s stock valued at $1,920,548,000 after purchasing an additional 65,006 shares during the last quarter. FMR LLC lifted its holdings in shares of Deere & Company by 6.6% in the 3rd quarter. FMR LLC now owns 4,374,282 shares of the industrial products company’s stock worth $1,650,767,000 after acquiring an additional 269,571 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Deere & Company by 2.5% during the 3rd quarter. Northern Trust Corp now owns 3,061,715 shares of the industrial products company’s stock worth $1,155,430,000 after purchasing an additional 73,601 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Deere & Company by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,539,699 shares of the industrial products company’s stock valued at $581,052,000 after purchasing an additional 33,946 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in Deere & Company by 11.3% in the 4th quarter. Fisher Asset Management LLC now owns 1,480,725 shares of the industrial products company’s stock worth $592,098,000 after purchasing an additional 149,980 shares during the period. 68.58% of the stock is owned by institutional investors.

Deere & Company Stock Up 1.3 %

Shares of NYSE DE traded up $5.00 during mid-day trading on Friday, hitting $400.96. The company had a trading volume of 1,626,960 shares, compared to its average volume of 1,337,641. The business’s 50-day simple moving average is $391.45 and its 200 day simple moving average is $383.91. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81. The company has a market capitalization of $111.61 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.51 and a beta of 1.04. Deere & Company has a 1-year low of $345.55 and a 1-year high of $450.00.

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

Deere & Company Dividend Announcement

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

Analyst Upgrades and Downgrades

DE has been the subject of several research reports. Melius Research reiterated a “hold” rating on shares of Deere & Company in a report on Monday, January 8th. Citigroup cut their target price 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. Morgan Stanley assumed coverage on shares of Deere & Company in a research report on Monday, January 8th. They issued an “overweight” rating and a $430.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on shares of Deere & Company from $415.00 to $425.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Finally, Melius lowered Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Deere & Company currently has a consensus rating of “Hold” and a consensus target price of $433.28.

Deere & Company Company Profile

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.