Trillium Asset Management LLC Has $10.48 Million Position in Deere & Company $DE

Trillium Asset Management LLC lessened its stake in Deere & Company (NYSE:DE) by 7.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 20,612 shares of the industrial products company’s stock after selling 1,762 shares during the quarter. Trillium Asset Management LLC’s holdings in Deere & Company were worth $10,480,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mid American Wealth Advisory Group Inc. bought a new position in shares of Deere & Company in the second quarter valued at approximately $25,000. Activest Wealth Management grew its stake in shares of Deere & Company by 2,750.0% in the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Deere & Company in the first quarter worth $29,000. Cornerstone Planning Group LLC grew its stake in shares of Deere & Company by 116.1% in the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 36 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new stake in shares of Deere & Company in the second quarter worth $38,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Evercore ISI set a $491.00 price target on shares of Deere & Company in a report on Tuesday, August 19th. Daiwa Capital Markets dropped their price objective on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a research note on Thursday, September 25th. Royal Bank Of Canada assumed coverage on shares of Deere & Company in a research note on Wednesday, October 22nd. They issued an “outperform” rating and a $542.00 price objective for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a research note on Wednesday, October 8th. Finally, Robert W. Baird dropped their price objective on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and a consensus price target of $518.72.

Deere & Company Stock Up 1.4%

Shares of NYSE DE opened at $468.36 on Wednesday. The firm’s 50-day simple moving average is $466.80 and its 200 day simple moving average is $490.13. The company has a market cap of $126.61 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. Deere & Company has a 12-month low of $387.03 and a 12-month high of $533.78.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The company had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the firm posted $6.29 earnings per share. The company’s revenue was down 9.0% on a year-over-year basis. On average, research analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 30th. Deere & Company’s dividend payout ratio is presently 33.87%.

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.