Baxter Bros Inc. Has $1.44 Million Holdings in Deere & Company (NYSE:DE)

Baxter Bros Inc. decreased its stake in Deere & Company (NYSE:DE) by 14.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,458 shares of the industrial products company’s stock after selling 595 shares during the quarter. Baxter Bros Inc.’s holdings in Deere & Company were worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. raised its position in shares of Deere & Company by 18.2% in the 3rd quarter. New Covenant Trust Company N.A. now owns 850 shares of the industrial products company’s stock valued at $355,000 after acquiring an additional 131 shares during the period. Conning Inc. increased its stake in Deere & Company by 19.4% in the third quarter. Conning Inc. now owns 2,453 shares of the industrial products company’s stock valued at $1,024,000 after purchasing an additional 399 shares in the last quarter. Optas LLC raised its holdings in Deere & Company by 9.4% in the third quarter. Optas LLC now owns 686 shares of the industrial products company’s stock worth $286,000 after purchasing an additional 59 shares during the period. Clear Creek Financial Management LLC boosted its position in shares of Deere & Company by 21.5% during the third quarter. Clear Creek Financial Management LLC now owns 1,574 shares of the industrial products company’s stock worth $657,000 after purchasing an additional 279 shares in the last quarter. Finally, First Interstate Bank grew its holdings in shares of Deere & Company by 27.9% in the 3rd quarter. First Interstate Bank now owns 1,530 shares of the industrial products company’s stock valued at $639,000 after buying an additional 334 shares during the period. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DE. Hsbc Global Res downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. HSBC lowered Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Bank of America boosted their price objective on Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Morgan Stanley decreased their price objective on Deere & Company from $450.00 to $425.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Deere & Company presently has an average rating of “Hold” and a consensus target price of $420.69.

Deere & Company Trading Down 1.1 %

Shares of Deere & Company stock opened at $400.42 on Friday. Deere & Company has a 12-month low of $340.20 and a 12-month high of $420.47. The stock has a market cap of $109.55 billion, a P/E ratio of 13.66, a P/E/G ratio of 1.35 and a beta of 0.93. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85. The business’s 50 day moving average is $400.85 and its 200-day moving average is $385.49.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.63 by $0.66. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The company had revenue of $11.39 billion for the quarter, compared to analysts’ expectations of $10.94 billion. During the same quarter in the prior year, the business posted $10.20 EPS. The business’s revenue was down 20.3% compared to the same quarter last year. Equities research analysts predict that Deere & Company will post 25 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Monday, September 30th. Deere & Company’s dividend payout ratio is currently 20.06%.

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.