Beaumont Financial Partners LLC Buys 131 Shares of Deere & Company (NYSE:DE)

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Beaumont Financial Partners LLC grew its stake in shares of Deere & Company (NYSE:DE) by 2.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,505 shares of the industrial products company’s stock after acquiring an additional 131 shares during the period. Beaumont Financial Partners LLC’s holdings in Deere & Company were worth $1,127,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in Deere & Company by 11.1% in the 4th quarter. Principal Financial Group Inc. now owns 1,418,168 shares of the industrial products company’s stock worth $245,712,000 after buying an additional 141,174 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Deere & Company by 1.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,030,943 shares of the industrial products company’s stock worth $173,900,000 after buying an additional 15,559 shares during the period. California Public Employees Retirement System boosted its holdings in Deere & Company by 8.0% in the 4th quarter. California Public Employees Retirement System now owns 751,560 shares of the industrial products company’s stock worth $130,215,000 after buying an additional 55,465 shares during the period. Rhumbline Advisers boosted its holdings in Deere & Company by 2.3% in the 4th quarter. Rhumbline Advisers now owns 595,199 shares of the industrial products company’s stock worth $103,124,000 after buying an additional 13,410 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in Deere & Company by 0.3% in the 3rd quarter. California State Teachers Retirement System now owns 537,955 shares of the industrial products company’s stock worth $90,742,000 after buying an additional 1,851 shares during the period. 67.30% of the stock is owned by hedge funds and other institutional investors.

NYSE DE opened at $170.76 on Friday. Deere & Company has a 1 year low of $132.68 and a 1 year high of $180.48. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.04 and a quick ratio of 1.80. The stock has a market capitalization of $52.96 billion, a PE ratio of 16.84, a P/E/G ratio of 3.98 and a beta of 1.14. The company’s 50 day simple moving average is $170.90 and its two-hundred day simple moving average is $167.18.

Deere & Company (NYSE:DE) last posted its earnings results on Wednesday, November 27th. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.13 by $0.01. Deere & Company had a net margin of 8.29% and a return on equity of 27.11%. The business had revenue of $8.70 billion for the quarter, compared to analysts’ expectations of $8.41 billion. During the same period in the prior year, the company posted $2.30 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, research analysts anticipate that Deere & Company will post 9.44 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.78%. The ex-dividend date was Monday, December 30th. Deere & Company’s dividend payout ratio is presently 30.58%.

DE has been the subject of several analyst reports. Citigroup cut their price objective on shares of Deere & Company from $200.00 to $195.00 and set a “buy” rating for the company in a report on Monday, December 2nd. Bank of America downgraded shares of Deere & Company from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $200.00 to $150.00 in a report on Monday, December 2nd. BMO Capital Markets raised their price objective on shares of Deere & Company from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. UBS Group cut their price objective on shares of Deere & Company from $180.00 to $169.00 and set a “neutral” rating for the company in a report on Friday, November 29th. Finally, Argus reaffirmed a “positive” rating and issued a $185.00 price objective on shares of Deere & Company in a report on Tuesday, December 3rd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $172.79.

In other news, insider Rajesh Kalathur sold 12,151 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $164.32, for a total transaction of $1,996,652.32. Following the sale, the insider now owns 55,178 shares in the company, valued at approximately $9,066,848.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Pentz Markwart Von sold 2,350 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.10, for a total transaction of $411,485.00. Following the sale, the insider now owns 62,762 shares in the company, valued at approximately $10,989,626.20. The disclosure for this sale can be found here. Insiders sold a total of 27,688 shares of company stock worth $4,700,421 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

Deere & Company Company Profile

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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