Bartlett & CO. Wealth Management LLC Has $85.42 Million Stock Holdings in Deere & Company (NYSE:DE)

Bartlett & CO. Wealth Management LLC lessened its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 203,967 shares of the industrial products company's stock after selling 5,582 shares during the quarter. Deere & Company makes up about 1.2% of Bartlett & CO. Wealth Management LLC's investment portfolio, making the stock its 24th biggest position. Bartlett & CO. Wealth Management LLC owned 0.07% of Deere & Company worth $85,421,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in DE. Vanguard Group Inc. raised its position in Deere & Company by 1.2% in the first quarter. Vanguard Group Inc. now owns 21,988,363 shares of the industrial products company's stock valued at $9,031,500,000 after purchasing an additional 263,709 shares during the period. Janus Henderson Group PLC grew its stake in Deere & Company by 0.5% in the first quarter. Janus Henderson Group PLC now owns 3,859,021 shares of the industrial products company's stock worth $1,585,028,000 after purchasing an additional 19,200 shares in the last quarter. Legal & General Group Plc grew its stake in Deere & Company by 2.7% in the second quarter. Legal & General Group Plc now owns 2,254,266 shares of the industrial products company's stock worth $842,259,000 after purchasing an additional 60,255 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Deere & Company by 15.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,146,441 shares of the industrial products company's stock worth $802,037,000 after purchasing an additional 279,627 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Deere & Company by 8.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,470,159 shares of the industrial products company's stock valued at $603,854,000 after acquiring an additional 114,116 shares during the period. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Stock Up 0.9 %

Shares of DE traded up $3.59 during trading hours on Friday, hitting $408.73. 749,969 shares of the company were exchanged, compared to its average volume of 1,470,607. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07. The firm's 50 day moving average is $393.03 and its 200-day moving average is $385.40. The company has a market cap of $112.63 billion, a PE ratio of 12.30, a PEG ratio of 1.35 and a beta of 0.92. Deere & Company has a 52 week low of $340.20 and a 52 week high of $420.47.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.63 by $0.66. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The company had revenue of $11.39 billion for the quarter, compared to the consensus estimate of $10.94 billion. During the same period last year, the business posted $10.20 earnings per share. The firm's revenue was down 20.3% compared to the same quarter last year. On average, equities research analysts forecast that Deere & Company will post 25.03 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Monday, September 30th. Deere & Company's payout ratio is presently 17.70%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Truist Financial lifted their target price on Deere & Company from $443.00 to $496.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Oppenheimer decreased their target price on Deere & Company from $465.00 to $448.00 and set an "outperform" rating for the company in a research note on Monday, July 22nd. Morgan Stanley decreased their target price on Deere & Company from $450.00 to $425.00 and set an "overweight" rating for the company in a research note on Monday, August 26th. Deutsche Bank Aktiengesellschaft cut their price target on Deere & Company from $402.00 to $389.00 and set a "hold" rating on the stock in a report on Thursday, August 8th. Finally, Citigroup lifted their price target on Deere & Company from $395.00 to $420.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $420.69.

About Deere & Company

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.