Deere & Company (NYSE:DE) Stock Position Cut by First County Bank CT

First County Bank CT lessened its stake in Deere & Company (NYSE:DE) by 5.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 708 shares of the industrial products company’s stock after selling 39 shares during the period. First County Bank CT’s holdings in Deere & Company were worth $295,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DE. 49 Wealth Management LLC acquired a new stake in Deere & Company in the 3rd quarter valued at about $924,000. Smithfield Trust Co lifted its holdings in Deere & Company by 3.2% in the 3rd quarter. Smithfield Trust Co now owns 4,866 shares of the industrial products company’s stock valued at $2,030,000 after acquiring an additional 150 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Deere & Company by 2.3% in the 3rd quarter. Pacer Advisors Inc. now owns 18,998 shares of the industrial products company’s stock valued at $7,928,000 after acquiring an additional 425 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in Deere & Company by 435.2% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 15,108 shares of the industrial products company’s stock valued at $6,305,000 after acquiring an additional 12,285 shares during the last quarter. Finally, Tradewinds LLC. lifted its holdings in Deere & Company by 5.8% in the 3rd quarter. Tradewinds LLC. now owns 14,814 shares of the industrial products company’s stock valued at $6,182,000 after acquiring an additional 813 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 2.1 %

Shares of DE stock opened at $446.65 on Friday. Deere & Company has a 12 month low of $340.20 and a 12 month high of $447.50. The company has a quick ratio of 1.87, a current ratio of 2.07 and a debt-to-equity ratio of 1.85. The business’s 50 day moving average is $406.99 and its two-hundred day moving average is $386.49. The company has a market cap of $122.20 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 1.54 and a beta of 0.93.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating the consensus estimate of $3.90 by $0.65. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter last year, the company posted $8.26 earnings per share. The company’s revenue for the quarter was down 32.8% compared to the same quarter last year. Equities analysts predict that Deere & Company will post 25 EPS for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.88 annualized dividend and a yield of 1.32%. Deere & Company’s dividend payout ratio (DPR) is presently 20.06%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DE shares. Barclays upped their price target on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday. HSBC lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. UBS Group upped their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research note on Friday. Evercore ISI upped their price objective on shares of Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a research note on Monday, August 19th. Finally, Truist Financial upped their price objective on shares of Deere & Company from $496.00 to $538.00 and gave the company a “buy” rating in a research note on Friday. Thirteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $431.61.

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.