Trust Co. of Toledo NA OH Has $11.03 Million Holdings in Deere & Company $DE

Trust Co. of Toledo NA OH raised its position in shares of Deere & Company (NYSE:DE) by 0.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,691 shares of the industrial products company’s stock after purchasing an additional 27 shares during the period. Deere & Company accounts for about 1.2% of Trust Co. of Toledo NA OH’s investment portfolio, making the stock its 13th largest position. Trust Co. of Toledo NA OH’s holdings in Deere & Company were worth $11,030,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Nuveen LLC bought a new position in shares of Deere & Company during the 1st quarter valued at $571,073,000. Voya Investment Management LLC increased its position in Deere & Company by 97.1% during the first quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company’s stock worth $344,442,000 after buying an additional 361,526 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Deere & Company by 4.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company’s stock valued at $3,227,258,000 after buying an additional 286,253 shares in the last quarter. Invesco Ltd. lifted its position in shares of Deere & Company by 23.4% in the first quarter. Invesco Ltd. now owns 1,353,255 shares of the industrial products company’s stock worth $635,150,000 after buying an additional 256,806 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Deere & Company by 874.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 243,914 shares of the industrial products company’s stock worth $124,028,000 after acquiring an additional 218,893 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of Deere & Company stock opened at $446.76 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The company has a market cap of $120.77 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.02. The firm has a fifty day moving average price of $479.15 and a two-hundred day moving average price of $488.35. Deere & Company has a fifty-two week low of $387.03 and a fifty-two week high of $533.78.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the business earned $6.29 earnings per share. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. Analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is presently 33.87%.

Wall Street Analyst Weigh In

DE has been the topic of a number of recent analyst reports. Robert W. Baird cut their price objective on Deere & Company from $520.00 to $488.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. JPMorgan Chase & Co. reduced their price objective on shares of Deere & Company from $500.00 to $495.00 and set a “neutral” rating for the company in a research note on Tuesday, September 2nd. Oppenheimer decreased their price objective on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. Wolfe Research dropped their target price on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Deere & Company currently has a consensus rating of “Moderate Buy” and an average price target of $513.88.

Deere & 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.