Huntington National Bank Has $28.09 Million Stock Holdings in Deere & Company (NYSE:DE)

Huntington National Bank trimmed its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 10.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,297 shares of the industrial products company's stock after selling 7,610 shares during the quarter. Huntington National Bank's holdings in Deere & Company were worth $28,085,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mattern Wealth Management LLC raised its stake in Deere & Company by 1.3% in the third quarter. Mattern Wealth Management LLC now owns 1,884 shares of the industrial products company's stock valued at $786,000 after purchasing an additional 25 shares in the last quarter. Carret Asset Management LLC raised its position in shares of Deere & Company by 0.3% in the 3rd quarter. Carret Asset Management LLC now owns 8,148 shares of the industrial products company's stock valued at $3,401,000 after buying an additional 25 shares in the last quarter. Round Rock Advisors LLC boosted its position in shares of Deere & Company by 2.0% during the 3rd quarter. Round Rock Advisors LLC now owns 1,252 shares of the industrial products company's stock worth $522,000 after acquiring an additional 25 shares in the last quarter. Centaurus Financial Inc. raised its position in Deere & Company by 2.3% during the second quarter. Centaurus Financial Inc. now owns 1,160 shares of the industrial products company's stock valued at $433,000 after purchasing an additional 26 shares in the last quarter. Finally, Cornell Pochily Investment Advisors Inc. lifted its stake in Deere & Company by 0.7% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 3,495 shares of the industrial products company's stock worth $1,459,000 after purchasing an additional 26 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Trading Up 1.1 %

NYSE DE traded up $4.41 during mid-day trading on Thursday, reaching $393.86. 662,180 shares of the stock were exchanged, compared to its average volume of 1,430,096. The stock has a market cap of $107.76 billion, a P/E ratio of 13.29, a P/E/G ratio of 1.50 and a beta of 0.93. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87. Deere & Company has a one year low of $340.20 and a one year high of $420.47. The stock has a 50 day simple moving average of $403.47 and a 200-day simple moving average of $385.64.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 earnings per share for the quarter, topping 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 firm had revenue of $11.39 billion during the quarter, compared to analyst estimates of $10.94 billion. During the same period last year, the company posted $10.20 EPS. The business's quarterly revenue was down 20.3% on a year-over-year basis. On average, analysts anticipate that Deere & Company will post 25 EPS for the current year.

Deere & Company Announces Dividend

The firm 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. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, September 30th. Deere & Company's payout ratio is 20.06%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Deere & Company from $402.00 to $389.00 and set a "hold" rating for the company in a research note on Thursday, August 8th. Bank of America increased their price objective on shares of Deere & Company from $400.00 to $410.00 and gave the company a "neutral" rating in a research note on Friday, August 16th. BMO Capital Markets began coverage on shares of Deere & Company in a research note on Friday, August 9th. They set a "market perform" rating and a $400.00 target price on the stock. Truist Financial increased 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. Finally, Citigroup boosted their price objective on Deere & Company from $395.00 to $420.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.