UMB Bank n.a. Reduces Stock Holdings in Deere & Company (NYSE:DE)

UMB Bank n.a. lowered its position in Deere & Company (NYSE:DE - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,026 shares of the industrial products company's stock after selling 1,572 shares during the quarter. UMB Bank n.a.'s holdings in Deere & Company were worth $7,638,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in Deere & Company by 32.0% in 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 buying an additional 1,782,984 shares during the period. Geode Capital Management LLC grew its stake in Deere & Company by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,208,368 shares of the industrial products company's stock worth $2,168,737,000 after acquiring an additional 31,459 shares in the last quarter. FMR LLC increased 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 period. Legal & General Group Plc raised its stake in shares of Deere & Company by 2.7% during the second quarter. Legal & General Group Plc now owns 2,254,266 shares of the industrial products company's stock valued at $842,259,000 after acquiring an additional 60,255 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Deere & Company by 8.6% in the third quarter. Fisher Asset Management LLC now owns 1,994,657 shares of the industrial products company's stock valued at $832,431,000 after purchasing an additional 158,732 shares during the period. Institutional investors own 68.58% of the company's stock.

Deere & Company Stock Up 4.0 %

Deere & Company stock traded up $17.46 during midday trading on Monday, reaching $456.57. The company's stock had a trading volume of 2,315,484 shares, compared to its average volume of 906,286. 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 capitalization of $124.00 billion, a P/E ratio of 17.83, a PEG ratio of 1.74 and a beta of 0.98. The stock's 50-day simple moving average is $431.48 and its 200-day simple moving average is $402.53. Deere & Company has a 52-week low of $340.20 and a 52-week high of $469.39.

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

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. The ex-dividend date is Tuesday, December 31st. 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 1.42%. Deere & Company's payout ratio is 25.31%.

Analyst Upgrades and Downgrades

Several research firms have commented on DE. Morgan Stanley raised their price objective on Deere & Company from $401.00 to $450.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Oppenheimer raised their price target on Deere & Company from $448.00 to $477.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. Barclays upped their price objective on shares of Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Jefferies Financial Group cut shares of Deere & Company from a "buy" rating to a "hold" rating and set a $510.00 target price on the stock. in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Deere & Company from $450.00 to $470.00 and gave the company a "neutral" rating in a report on Wednesday, January 15th. Eleven 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 presently has a consensus rating of "Hold" and a consensus price target of $442.83.

Deere & Company Company Profile

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.