NBT Bank N A NY Has $14.70 Million Stock Position in Deere & Company (NYSE:DE)

NBT Bank N A NY reduced its position in Deere & Company (NYSE:DE - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,683 shares of the industrial products company's stock after selling 679 shares during the period. Deere & Company comprises about 1.0% of NBT Bank N A NY's holdings, making the stock its 21st largest position. NBT Bank N A NY's holdings in Deere & Company were worth $14,695,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Verdence Capital Advisors LLC increased its holdings in shares of Deere & Company by 15.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,184 shares of the industrial products company's stock valued at $494,000 after acquiring an additional 154 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Deere & Company by 37.4% during the 3rd quarter. Assetmark Inc. now owns 38,516 shares of the industrial products company's stock valued at $16,074,000 after acquiring an additional 10,477 shares during the last quarter. RKL Wealth Management LLC increased its holdings in shares of Deere & Company by 3.7% during the 3rd quarter. RKL Wealth Management LLC now owns 1,346 shares of the industrial products company's stock valued at $562,000 after acquiring an additional 48 shares during the last quarter. Sustainable Insight Capital Management LLC increased its holdings in shares of Deere & Company by 24.1% during the 3rd quarter. Sustainable Insight Capital Management LLC now owns 8,886 shares of the industrial products company's stock valued at $3,708,000 after acquiring an additional 1,727 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. increased its holdings in shares of Deere & Company by 2.8% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 4,760 shares of the industrial products company's stock valued at $1,987,000 after acquiring an additional 131 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

DE has been the topic of a number of analyst reports. StockNews.com lowered Deere & Company from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. Morgan Stanley increased their price objective on Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a report on Monday, November 25th. JPMorgan Chase & Co. increased their price objective on Deere & Company from $470.00 to $500.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Evercore ISI raised their target price on Deere & Company from $437.00 to $455.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $501.00 target price on shares of Deere & Company in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $460.00.

Insider Activity at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the completion of the sale, the insider now directly owns 74,878 shares of the company's stock, valued at $37,484,675.58. This trade represents a 24.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.29% of the company's stock.

Deere & Company Stock Performance

Shares of DE stock traded down $4.01 during mid-day trading on Wednesday, reaching $471.49. The stock had a trading volume of 1,679,841 shares, compared to its average volume of 1,530,677. The firm's 50 day simple moving average is $464.49 and its 200 day simple moving average is $431.94. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. Deere & Company has a one year low of $340.20 and a one year high of $515.05. The firm has a market cap of $127.97 billion, a PE ratio of 20.90, a P/E/G ratio of 2.14 and a beta of 1.01.

Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. On average, analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be issued a dividend of $1.62 per share. The ex-dividend date is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.37%. Deere & Company's dividend payout ratio is 28.72%.

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.