Boston Family Office LLC Buys 350 Shares of Deere & Company (NYSE:DE)

Boston Family Office LLC grew its stake in Deere & Company (NYSE:DE) by 42.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,175 shares of the industrial products company’s stock after acquiring an additional 350 shares during the quarter. Boston Family Office LLC’s holdings in Deere & Company were worth $490,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Silvercrest Asset Management Group LLC boosted its holdings in shares of Deere & Company by 4.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 24,060 shares of the industrial products company’s stock worth $9,882,000 after acquiring an additional 1,059 shares in the last quarter. Waverly Advisors LLC boosted its holdings in shares of Deere & Company by 107.1% in the 1st quarter. Waverly Advisors LLC now owns 5,020 shares of the industrial products company’s stock worth $2,062,000 after acquiring an additional 2,596 shares in the last quarter. Bayesian Capital Management LP acquired a new position in shares of Deere & Company in the 1st quarter worth approximately $904,000. Dynasty Wealth Management LLC acquired a new position in shares of Deere & Company in the 1st quarter worth approximately $588,000. Finally, Tidal Investments LLC boosted its holdings in shares of Deere & Company by 2.3% in the 1st quarter. Tidal Investments LLC now owns 29,541 shares of the industrial products company’s stock worth $12,134,000 after acquiring an additional 677 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on DE. Bank of America upped their price objective on Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Citigroup upped their price objective on Deere & Company from $395.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Oppenheimer upped their price objective on Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a report on Friday. Hsbc Global Res downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Finally, Morgan Stanley upped their price objective on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday. Thirteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $433.00.

Deere & Company Price Performance

DE opened at $462.81 on Tuesday. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. Deere & Company has a 12 month low of $340.20 and a 12 month high of $469.39. The company has a fifty day simple moving average of $408.35 and a 200 day simple moving average of $386.60. The stock has a market cap of $126.62 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.75 and a beta of 0.93.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.90 by $0.65. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The company’s revenue was down 32.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.26 EPS. On average, research analysts expect that Deere & Company will post 21.31 EPS for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Monday, September 30th. Deere & Company’s dividend payout ratio (DPR) is presently 22.97%.

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.