Hazlett Burt & Watson Inc. Sells 95 Shares of Deere & Company $DE

Hazlett Burt & Watson Inc. reduced its position in shares of Deere & Company (NYSE:DE) by 10.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 797 shares of the industrial products company’s stock after selling 95 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Deere & Company were worth $406,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DE. Nuveen LLC purchased a new position in shares of Deere & Company during the 1st quarter valued at about $571,073,000. Voya Investment Management LLC lifted its position in shares of Deere & Company by 97.1% during the 1st quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company’s stock valued at $344,442,000 after buying an additional 361,526 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Deere & Company by 4.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company’s stock valued at $3,227,258,000 after buying an additional 286,253 shares in the last quarter. Invesco Ltd. lifted its position in shares of Deere & Company by 23.4% during the 1st quarter. Invesco Ltd. now owns 1,353,255 shares of the industrial products company’s stock valued at $635,150,000 after buying an additional 256,806 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Deere & Company by 874.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 243,914 shares of the industrial products company’s stock valued at $124,028,000 after buying an additional 218,893 shares in the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on DE. Robert W. Baird lowered their price objective on Deere & Company from $520.00 to $488.00 and set a “neutral” rating on the stock in a research report on Friday, August 15th. Evercore ISI set a $491.00 price objective on Deere & Company in a research report on Tuesday, August 19th. Oppenheimer lowered their price objective on Deere & Company from $566.00 to $512.00 and set an “outperform” rating on the stock in a research report on Thursday, September 18th. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Finally, Wolfe Research lowered their price target on Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $513.88.

Deere & Company Stock Down 2.1%

NYSE DE opened at $446.76 on Monday. The stock’s 50 day moving average is $479.15 and its 200 day moving average is $488.45. The company has a current ratio of 2.19, a quick ratio of 1.98 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. The stock has a market cap of $120.77 billion, a PE ratio of 23.35, a P/E/G ratio of 2.87 and a beta of 1.02.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.62 by $0.13. The business had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $6.29 EPS. Research analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company 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 1.5%. The ex-dividend date is Tuesday, September 30th. Deere & Company’s dividend payout ratio is currently 33.87%.

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.