Paloma Partners Management Co Sells 5,560 Shares of Deere & Company (NYSE:DE)

Paloma Partners Management Co lowered its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 60.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,700 shares of the industrial products company's stock after selling 5,560 shares during the period. Paloma Partners Management Co's holdings in Deere & Company were worth $1,544,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Mattern Wealth Management LLC raised its holdings in Deere & Company by 1.3% during the 3rd quarter. Mattern Wealth Management LLC now owns 1,884 shares of the industrial products company's stock valued at $786,000 after buying an additional 25 shares during the last quarter. Carret Asset Management LLC raised its stake in shares of 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 valued at $3,401,000 after acquiring an additional 25 shares during the last quarter. Round Rock Advisors LLC boosted its holdings in shares of Deere & Company by 2.0% during the third quarter. Round Rock Advisors LLC now owns 1,252 shares of the industrial products company's stock worth $522,000 after purchasing an additional 25 shares during the period. Centaurus Financial Inc. grew its stake in shares of Deere & Company by 2.3% in the second quarter. Centaurus Financial Inc. now owns 1,160 shares of the industrial products company's stock worth $433,000 after purchasing an additional 26 shares during the last quarter. Finally, Cornell Pochily Investment Advisors Inc. grew its stake in shares of Deere & Company by 0.7% in the third quarter. Cornell Pochily Investment Advisors Inc. now owns 3,495 shares of the industrial products company's stock worth $1,459,000 after purchasing an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Stock Down 0.8 %

DE stock traded down $3.68 during trading on Tuesday, hitting $459.27. 1,166,069 shares of the stock traded hands, compared to its average volume of 1,505,819. The stock has a market cap of $125.66 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.98 and a beta of 0.96. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. Deere & Company has a 1 year low of $340.20 and a 1 year high of $469.39. The firm's 50 day moving average is $415.29 and its two-hundred day moving average is $389.04.

Deere & Company (NYSE:DE - Get Free Report) last posted 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. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm had revenue of $9.28 billion for the quarter, compared to analysts' expectations of $9.20 billion. During the same quarter in the prior year, the company posted $8.26 earnings per share. The business's revenue for the quarter was down 32.8% on a year-over-year basis. On average, sell-side analysts anticipate that Deere & Company will post 19.52 EPS for the current year.

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be issued a $1.62 dividend. This is a positive change from Deere & Company's previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.41%. Deere & Company's dividend payout ratio (DPR) is presently 22.97%.

Wall Street Analyst Weigh In

DE has been the subject of several research analyst reports. UBS Group increased their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Oppenheimer raised their price target on Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Morgan Stanley boosted their price objective on shares of 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 target price on shares of Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Finally, Citigroup boosted their price target on shares of Deere & Company from $395.00 to $420.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $436.41.

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.