Deere & Company (NYSE:DE) Shares Sold by Baldwin Investment Management LLC

Baldwin Investment Management LLC lowered its stake in shares of Deere & Company (NYSE:DE) by 41.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,721 shares of the industrial products company’s stock after selling 1,887 shares during the quarter. Baldwin Investment Management LLC’s holdings in Deere & Company were worth $1,136,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DE. Fairscale Capital LLC purchased a new position in Deere & Company in the second quarter worth approximately $26,000. Pineridge Advisors LLC increased its stake in Deere & Company by 725.0% during the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 58 shares during the period. Livelsberger Financial Advisory acquired a new stake in shares of Deere & Company during the third quarter worth about $32,000. Olistico Wealth LLC acquired a new position in shares of Deere & Company in the second quarter valued at approximately $37,000. Finally, Centennial Bank AR grew its holdings in shares of Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 84 shares in the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on DE. Barclays raised their price target on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. boosted their target price on Deere & Company from $420.00 to $450.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Hsbc Global Res downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Morgan Stanley lifted their price objective on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday. Finally, UBS Group upped their target price 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. Thirteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $433.00.

Deere & Company Stock Down 0.3 %

Shares of NYSE:DE opened at $461.15 on Wednesday. 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 current ratio of 2.09 and a quick ratio of 1.90. The stock has a market cap of $126.17 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.91 and a beta of 0.93. The firm has a fifty day moving average price of $409.62 and a 200 day moving average price of $386.98.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $3.90 by $0.65. The company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm’s revenue for the quarter was down 32.8% on a year-over-year basis. During the same period last year, the firm earned $8.26 EPS. Sell-side analysts predict that Deere & Company will post 20.23 EPS for the current year.

Deere & Company 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.