Community Bank & Trust Waco Texas Sells 1,300 Shares of Deere & Company (NYSE:DE)

Community Bank & Trust Waco Texas lessened its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 29.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,075 shares of the industrial products company's stock after selling 1,300 shares during the period. Community Bank & Trust Waco Texas' holdings in Deere & Company were worth $1,283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of Deere & Company during the first quarter valued at $138,000. Entropy Technologies LP acquired a new position in Deere & Company during the 1st quarter valued at about $1,637,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Deere & Company by 1.0% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 128,196 shares of the industrial products company's stock valued at $52,655,000 after buying an additional 1,232 shares during the last quarter. Angeles Wealth Management LLC acquired a new stake in Deere & Company in the first quarter worth about $244,000. Finally, Beacon Investment Advisory Services Inc. grew its stake in shares of Deere & Company by 167.9% during the first quarter. Beacon Investment Advisory Services Inc. now owns 2,071 shares of the industrial products company's stock worth $851,000 after acquiring an additional 1,298 shares during the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Stock Down 1.1 %

Shares of DE traded down $4.35 during trading on Wednesday, reaching $389.40. The company's stock had a trading volume of 1,203,855 shares, compared to its average volume of 1,431,338. Deere & Company has a twelve month low of $340.20 and a twelve month high of $420.47. 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 company has a market cap of $106.54 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 1.50 and a beta of 0.93. The company has a fifty day moving average of $403.52 and a two-hundred day moving average of $385.61.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 earnings per share for the quarter, beating the consensus estimate of $5.63 by $0.66. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The business had revenue of $11.39 billion during the quarter, compared to analyst estimates of $10.94 billion. During the same quarter in the prior year, the firm posted $10.20 earnings per share. The company's revenue was down 20.3% on a year-over-year basis. On average, sell-side analysts predict that Deere & Company will post 25 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were given a $1.47 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a yield of 1.51%. Deere & Company's payout ratio is 20.06%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DE. Bank of America boosted their target price on shares of Deere & Company from $400.00 to $410.00 and gave the stock a "neutral" rating in a research report on Friday, August 16th. Truist Financial boosted their price target on Deere & Company from $443.00 to $496.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Hsbc Global Res downgraded Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, August 19th. Morgan Stanley decreased their price objective on shares of Deere & Company from $450.00 to $425.00 and set an "overweight" rating for the company in a research note on Monday, August 26th. Finally, Oppenheimer dropped their price target on Deere & Company from $465.00 to $448.00 and set an "outperform" rating for the company in a research report on Monday, July 22nd. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Deere & Company presently has a consensus rating of "Hold" and a consensus price target of $420.69.

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.