Householder Group Estate & Retirement Specialist LLC Sells 1,145 Shares of Deere & Company (NYSE:DE)

Householder Group Estate & Retirement Specialist LLC reduced its holdings in Deere & Company (NYSE:DE - Free Report) by 79.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 296 shares of the industrial products company's stock after selling 1,145 shares during the quarter. Householder Group Estate & Retirement Specialist LLC's holdings in Deere & Company were worth $125,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wellington Management Group LLP raised its position in Deere & Company by 32.0% during the 3rd quarter. Wellington Management Group LLP now owns 7,352,465 shares of the industrial products company's stock worth $3,068,404,000 after purchasing an additional 1,782,984 shares during the last quarter. FMR LLC raised its position in shares of Deere & Company by 27.8% during the third quarter. FMR LLC now owns 4,542,013 shares of the industrial products company's stock worth $1,895,518,000 after acquiring an additional 988,380 shares during the last quarter. Pathway Financial Advisers LLC raised its position in shares of Deere & Company by 53,338.6% during the third quarter. Pathway Financial Advisers LLC now owns 854,484 shares of the industrial products company's stock worth $356,602,000 after acquiring an additional 852,885 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Deere & Company by 46,892.9% in the third quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company's stock valued at $322,218,000 after acquiring an additional 770,451 shares during the last quarter. Finally, Stockbridge Partners LLC boosted its holdings in Deere & Company by 157.5% in the third quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company's stock valued at $369,019,000 after acquiring an additional 540,874 shares during the last quarter. Institutional investors own 68.58% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DE shares. Oppenheimer raised their price target on shares of Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Citigroup dropped their target price on shares of Deere & Company from $470.00 to $430.00 and set a "neutral" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. increased their price target on Deere & Company from $450.00 to $470.00 and gave the stock a "neutral" rating in a report on Wednesday. UBS Group upped their target price on Deere & Company from $404.00 to $462.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Finally, Jefferies Financial Group downgraded Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 target price for the company. in a report on Friday, December 6th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $442.83.

Deere & Company Stock Up 4.0 %

Shares of Deere & Company stock traded up $17.46 on Friday, hitting $456.57. The company had a trading volume of 2,315,484 shares, compared to its average volume of 906,286. Deere & Company has a 1 year low of $340.20 and a 1 year high of $469.39. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The stock has a 50 day moving average of $431.48 and a 200-day moving average of $401.99. The stock has a market capitalization of $124.00 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 1.74 and a beta of 0.98.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating analysts' consensus estimates of $3.89 by $0.66. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. Deere & Company's quarterly revenue was down 32.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.26 EPS. As a group, sell-side analysts forecast that Deere & Company will post 19.57 earnings per share for the current year.

Deere & Company Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Deere & Company's previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a yield of 1.42%. Deere & Company's payout ratio is 25.31%.

About Deere & Company

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.