Deere & Company (NYSE:DE) Shares Sold by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC lessened its position in shares of Deere & Company (NYSE:DE) by 4.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 912 shares of the industrial products company’s stock after selling 39 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Deere & Company were worth $365,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DE. Briaud Financial Planning Inc purchased a new position in Deere & Company during the third quarter valued at $25,000. Rakuten Securities Inc. purchased a new position in Deere & Company during the fourth quarter valued at $28,000. Naples Money Management LLC purchased a new position in Deere & Company during the fourth quarter valued at $29,000. Bfsg LLC purchased a new position in Deere & Company during the fourth quarter valued at $30,000. Finally, ZRC Wealth Management LLC purchased a new position in Deere & Company during the fourth quarter valued at $28,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Down 0.2 %

Shares of DE traded down $0.73 during trading on Friday, reaching $393.33. 998,338 shares of the company traded hands, compared to its average volume of 1,243,125. Deere & Company has a twelve month low of $345.55 and a twelve month high of $450.00. The stock has a market cap of $109.49 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04. The stock has a 50-day simple moving average of $387.86 and a 200-day simple moving average of $383.61. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. The firm had revenue of $10.49 billion during the quarter, compared to analysts’ expectations of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.55 earnings per share. On average, analysts anticipate that Deere & Company will post 27.37 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is currently 17.12%.

Analyst Upgrades and Downgrades

DE has been the topic of several recent analyst reports. Melius downgraded shares of Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Evercore ISI raised their price target on shares of Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. Wells Fargo & Company decreased their price target on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a research note on Friday, February 16th. Finally, Citigroup decreased their price target on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $433.28.

Deere & 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.