Deere & Company $DE Stock Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its position in shares of Deere & Company (NYSE:DE) by 40.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,092 shares of the industrial products company’s stock after selling 8,906 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Deere & Company were worth $8,792,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DE. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Deere & Company during the 2nd quarter valued at $27,000. Kilter Group LLC bought a new position in shares of Deere & Company in the second quarter valued at $29,000. Solstein Capital LLC bought a new position in shares of Deere & Company in the second quarter valued at $30,000. Portus Wealth Advisors LLC acquired a new position in shares of Deere & Company during the first quarter valued at about $32,000. Finally, Orion Capital Management LLC acquired a new position in shares of Deere & Company during the second quarter valued at about $32,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on DE. Weiss Ratings raised shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, September 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $752.00 price target on shares of Deere & Company in a research report on Monday, August 24th. Seaport Research Partners set a $570.00 price target on shares of Deere & Company in a research report on Friday, August 14th. Barclays lifted their price target on Deere & Company from $640.00 to $675.00 and gave the company an “overweight” rating in a research note on Monday, August 24th. Finally, UBS Group decreased their price objective on Deere & Company from $732.00 to $728.00 and set a “buy” rating for the company in a report on Friday, August 21st. Seventeen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $688.10.

Deere & Company Stock Up 0.3%

DE opened at $645.61 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89. The company’s 50-day moving average is $660.40 and its 200 day moving average is $614.23. Deere & Company has a fifty-two week low of $454.50 and a fifty-two week high of $721.22. The firm has a market capitalization of $174.07 billion, a P/E ratio of 35.87, a PEG ratio of 2.36 and a beta of 0.86.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The business had revenue of $12.61 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same period in the previous year, the company earned $4.75 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Research analysts expect that Deere & Company will post 18.11 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. Deere & Company’s dividend payout ratio (DPR) is currently 36.00%.

Deere & Company Company Profile

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.