Deere & Company (NYSE:DE) Stock Holdings Lowered by Independence Bank of Kentucky

Independence Bank of Kentucky lowered its position in shares of Deere & Company (NYSE:DEFree Report) by 25.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,370 shares of the industrial products company’s stock after selling 800 shares during the quarter. Independence Bank of Kentucky’s holdings in Deere & Company were worth $948,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Essex Savings Bank boosted its holdings in shares of Deere & Company by 0.5% during the 4th quarter. Essex Savings Bank now owns 5,367 shares of the industrial products company’s stock worth $2,146,000 after buying an additional 26 shares during the period. Liberty One Investment Management LLC boosted its holdings in shares of Deere & Company by 0.5% during the 4th quarter. Liberty One Investment Management LLC now owns 6,016 shares of the industrial products company’s stock worth $2,579,000 after buying an additional 27 shares during the period. SageView Advisory Group LLC boosted its holdings in shares of Deere & Company by 2.4% during the 3rd quarter. SageView Advisory Group LLC now owns 1,201 shares of the industrial products company’s stock worth $453,000 after buying an additional 28 shares during the period. Family Legacy Inc. boosted its holdings in shares of Deere & Company by 0.4% during the 4th quarter. Family Legacy Inc. now owns 7,783 shares of the industrial products company’s stock worth $3,112,000 after buying an additional 28 shares during the period. Finally, NewEdge Wealth LLC raised its stake in Deere & Company by 5.6% during the 3rd quarter. NewEdge Wealth LLC now owns 550 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 29 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Up 0.5 %

DE opened at $406.18 on Thursday. The firm’s 50-day simple moving average is $382.31 and its 200-day simple moving average is $381.39. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05. Deere & Company has a twelve month low of $345.55 and a twelve month high of $450.00. The firm has a market cap of $113.06 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 1.52 and a beta of 1.04.

Deere & Company (NYSE:DEGet Free Report) last posted its earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, topping the consensus estimate of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The business had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. During the same quarter in the prior year, the firm earned $6.55 EPS. The firm’s quarterly revenue was down 8.0% compared to the same quarter last year. Equities research analysts anticipate that Deere & Company will post 27.41 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Wednesday, March 27th. Deere & Company’s payout ratio is 17.12%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DE shares. Melius cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Melius Research reiterated a “hold” rating on shares of Deere & Company in a research note on Monday, January 8th. Evercore ISI upped their target price on shares of Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Finally, Citigroup cut their target price on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $431.28.

View Our Latest Analysis on DE

Deere & Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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