Boston Trust Walden Corp Sells 891 Shares of Deere & Company (NYSE:DE)

Boston Trust Walden Corp reduced its holdings in Deere & Company (NYSE:DE) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 249,221 shares of the industrial products company’s stock after selling 891 shares during the period. Boston Trust Walden Corp owned approximately 0.09% of Deere & Company worth $105,595,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory bought a new stake in Deere & Company during the third quarter worth about $32,000. Modus Advisors LLC bought a new stake in shares of Deere & Company during the fourth quarter worth about $32,000. Synergy Asset Management LLC acquired a new stake in shares of Deere & Company in the fourth quarter valued at about $35,000. Continuum Advisory LLC lifted its holdings in Deere & Company by 155.8% in the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after buying an additional 67 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in shares of Deere & Company during the 3rd quarter worth approximately $47,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Stock Down 0.8 %

DE stock opened at $476.29 on Monday. The company has a 50-day moving average of $444.68 and a two-hundred day moving average of $410.23. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. Deere & Company has a 52-week low of $340.20 and a 52-week high of $485.84. The stock has a market capitalization of $129.72 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 2.94 and a beta of 0.98.

Deere & Company (NYSE:DE) last announced its 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 return on equity of 31.32% and a net margin of 13.73%. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same quarter last year, the firm earned $8.26 EPS. Deere & Company’s revenue for the quarter was down 32.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Deere & Company will post 19.38 EPS for the current year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be given a dividend of $1.62 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a yield of 1.36%. Deere & Company’s payout ratio is presently 25.31%.

Analysts Set New Price Targets

DE has been the topic of a number of recent analyst reports. Truist Financial lifted their price target on Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Oppenheimer raised their price target on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. increased their target price on Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Citigroup cut their price target on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, UBS Group lifted their price target on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $444.50.

About Deere & Company

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.