American Trust lowered its position in shares of Deere & Company (NYSE:DE - Free Report) by 15.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,888 shares of the industrial products company's stock after selling 1,876 shares during the period. American Trust's holdings in Deere & Company were worth $4,127,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Fairscale Capital LLC purchased a new stake in Deere & Company during the 2nd quarter valued at $26,000. Livelsberger Financial Advisory bought a new position in Deere & Company in the 3rd quarter worth $32,000. Centennial Bank AR raised its holdings in Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company's stock worth $39,000 after purchasing an additional 84 shares in the last quarter. Continuum Advisory LLC raised its holdings in Deere & Company by 155.8% in the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company's stock worth $43,000 after purchasing an additional 67 shares in the last quarter. Finally, Briaud Financial Planning Inc raised its holdings in Deere & Company by 73.5% in the 2nd quarter. Briaud Financial Planning Inc now owns 118 shares of the industrial products company's stock worth $44,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.
Deere & Company Stock Performance
Shares of DE traded up $0.96 on Friday, reaching $440.44. The company's stock had a trading volume of 900,714 shares, compared to its average volume of 1,439,312. 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 $120.50 billion, a P/E ratio of 17.17, a PEG ratio of 1.91 and a beta of 0.96. The stock's 50 day simple moving average is $419.96 and its two-hundred day simple moving average is $392.05. Deere & Company has a 12-month low of $340.20 and a 12-month high of $469.39.
Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.89 by $0.66. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm's revenue was down 32.8% compared to the same quarter last year. During the same quarter last year, the firm posted $8.26 earnings per share. Research analysts forecast that Deere & Company will post 19.52 earnings per share for the current fiscal year.
Deere & Company Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be issued a $1.62 dividend. This is an increase from Deere & Company's previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.47%. Deere & Company's dividend payout ratio (DPR) is presently 22.97%.
Wall Street Analysts Forecast Growth
DE has been the subject of several research reports. Hsbc Global Res lowered shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, August 19th. HSBC lowered shares of Deere & Company from a "buy" rating to a "hold" rating in a report on Monday, August 19th. Bank of America upped their price objective on shares of Deere & Company from $400.00 to $410.00 and gave the stock a "neutral" rating in a report on Friday, August 16th. Oppenheimer increased their price target on shares of Deere & Company from $448.00 to $477.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Finally, Truist Financial increased their price target on shares of Deere & Company from $496.00 to $538.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Thirteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Deere & Company currently has an average rating of "Hold" and an average price target of $443.28.
Check Out Our Latest Report on DE
About Deere & Company
(
Free Report)
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.
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