Deere & Company (NYSE:DE) Stock Holdings Lowered by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC lessened its position in Deere & Company (NYSE:DE) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 819 shares of the industrial products company’s stock after selling 49 shares during the period. Mayflower Financial Advisors LLC’s holdings in Deere & Company were worth $347,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Modus Advisors LLC bought a new stake in shares of Deere & Company during the fourth quarter valued at approximately $32,000. Livelsberger Financial Advisory bought a new stake in Deere & Company during the 3rd quarter valued at $32,000. Centennial Bank AR boosted its position in Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 84 shares during the period. Continuum Advisory LLC boosted its position in Deere & Company by 155.8% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in shares of Deere & Company in the third quarter worth $47,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Price Performance

DE stock opened at $478.50 on Thursday. Deere & Company has a one year low of $340.20 and a one year high of $485.84. The firm has a 50-day moving average of $441.75 and a two-hundred day moving average of $408.11. The firm has a market capitalization of $130.32 billion, a PE ratio of 18.69, a P/E/G ratio of 2.84 and a beta of 0.98. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same quarter in the previous year, the business earned $8.26 earnings per share. The firm’s revenue was down 32.8% compared to the same quarter last year. On average, analysts forecast that Deere & Company will post 19.34 earnings per share for the current year.

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio (DPR) is 25.31%.

Analysts Set New Price Targets

DE has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. UBS Group boosted their price target on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Oppenheimer increased their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Tuesday. Barclays boosted their target price on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Jefferies Financial Group downgraded Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a research report on Friday, December 6th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $444.50.

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.