MassMutual Private Wealth & Trust FSB Sells 1,621 Shares of Deere & Company (NYSE:DE)

MassMutual Private Wealth & Trust FSB reduced its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 21.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,981 shares of the industrial products company's stock after selling 1,621 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Deere & Company were worth $2,534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. DLK Investment Management LLC boosted its position in Deere & Company by 0.3% during the 4th quarter. DLK Investment Management LLC now owns 8,212 shares of the industrial products company's stock worth $3,479,000 after acquiring an additional 24 shares during the last quarter. Mattern Wealth Management LLC lifted its position in shares of Deere & Company by 1.3% in the third quarter. Mattern Wealth Management LLC now owns 1,884 shares of the industrial products company's stock worth $786,000 after purchasing an additional 25 shares in the last quarter. Carret Asset Management LLC boosted its holdings in Deere & Company by 0.3% during the third quarter. Carret Asset Management LLC now owns 8,148 shares of the industrial products company's stock worth $3,401,000 after purchasing an additional 25 shares during the last quarter. Round Rock Advisors LLC grew its position in Deere & Company by 2.0% in the third quarter. Round Rock Advisors LLC now owns 1,252 shares of the industrial products company's stock valued at $522,000 after purchasing an additional 25 shares in the last quarter. Finally, Douglas Lane & Associates LLC increased its stake in Deere & Company by 4.7% in the 4th quarter. Douglas Lane & Associates LLC now owns 557 shares of the industrial products company's stock valued at $236,000 after buying an additional 25 shares during the last quarter. Institutional investors own 68.58% of the company's stock.

Deere & Company Stock Performance

DE traded up $7.62 during trading on Tuesday, hitting $463.06. The stock had a trading volume of 1,733,614 shares, compared to its average volume of 1,386,234. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The company has a 50 day moving average price of $432.55 and a 200-day moving average price of $403.19. Deere & Company has a one year low of $340.20 and a one year high of $469.39. The firm has a market cap of $126.11 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 2.81 and a beta of 0.98.

Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.89 by $0.66. The company had revenue of $9.28 billion during the quarter, compared to analysts' expectations of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. Deere & Company's quarterly revenue was down 32.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.26 earnings per share. As a group, research analysts predict that Deere & Company will post 19.34 EPS for the current year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. This is a positive change from Deere & Company's previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company's dividend payout ratio is 25.31%.

Analysts Set New Price Targets

A number of research firms have recently commented on DE. UBS Group increased their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Morgan Stanley increased their price target on Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. Barclays raised their price target on Deere & Company from $400.00 to $475.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. upped their price objective on Deere & Company from $450.00 to $470.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 15th. Finally, Citigroup decreased their target price on shares of Deere & Company from $470.00 to $430.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $442.83.

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.