Deere & Company $DE Stock Holdings Decreased by First National Trust Co

First National Trust Co lowered its stake in Deere & Company (NYSE:DE) by 2.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,230 shares of the industrial products company’s stock after selling 66 shares during the period. First National Trust Co’s holdings in Deere & Company were worth $1,134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Purkiss Capital Advisors LLC bought a new stake in shares of Deere & Company in the 2nd quarter worth about $203,000. Clark Asset Management LLC bought a new stake in shares of Deere & Company in the 2nd quarter worth about $2,046,000. May Hill Capital LLC increased its position in shares of Deere & Company by 10.9% in the 2nd quarter. May Hill Capital LLC now owns 477 shares of the industrial products company’s stock worth $243,000 after purchasing an additional 47 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Deere & Company by 14.7% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 25,656 shares of the industrial products company’s stock worth $13,046,000 after purchasing an additional 3,284 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Deere & Company by 21.2% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,003 shares of the industrial products company’s stock worth $20,341,000 after purchasing an additional 7,000 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

NYSE DE opened at $468.59 on Wednesday. Deere & Company has a 52 week low of $387.03 and a 52 week high of $533.78. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The stock has a market cap of $126.67 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 3.08 and a beta of 1.02. The company has a 50-day moving average price of $469.21 and a two-hundred day moving average price of $489.60.

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

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be given a $1.62 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 annualized dividend and a yield of 1.4%. Deere & Company’s dividend payout ratio is 33.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DE shares. Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a research report on Wednesday, October 8th. Royal Bank Of Canada assumed coverage on shares of Deere & Company in a research report on Wednesday, October 22nd. They set an “outperform” rating and a $542.00 price objective for the company. Zacks Research downgraded shares of Deere & Company from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. Finally, Truist Financial boosted their price objective on shares of Deere & Company from $602.00 to $609.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $518.72.

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.