Deere & Company (NYSE:DE) Shares Sold by Thomasville National Bank

Thomasville National Bank cut its stake in shares of Deere & Company (NYSE:DE) by 7.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,895 shares of the industrial products company’s stock after selling 150 shares during the period. Thomasville National Bank’s holdings in Deere & Company were worth $889,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC boosted its position in shares of Deere & Company by 0.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company’s stock worth $3,398,000 after buying an additional 24 shares in the last quarter. Coppell Advisory Solutions LLC boosted its position in shares of Deere & Company by 2.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,011 shares of the industrial products company’s stock worth $432,000 after buying an additional 25 shares in the last quarter. Glen Eagle Advisors LLC boosted its position in shares of Deere & Company by 0.9% in the 4th quarter. Glen Eagle Advisors LLC now owns 2,936 shares of the industrial products company’s stock worth $1,244,000 after buying an additional 25 shares in the last quarter. Marks Group Wealth Management Inc raised its stake in Deere & Company by 0.8% in the 4th quarter. Marks Group Wealth Management Inc now owns 3,156 shares of the industrial products company’s stock valued at $1,337,000 after purchasing an additional 26 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators raised its stake in Deere & Company by 8.2% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 342 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 26 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Trading Down 0.7%

NYSE DE opened at $517.01 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. Deere & Company has a 12 month low of $340.20 and a 12 month high of $533.78. The company has a market cap of $140.02 billion, a P/E ratio of 22.92, a P/E/G ratio of 2.14 and a beta of 1.09. The company has a 50-day moving average of $485.29 and a 200-day moving average of $468.18.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.72 by $0.92. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The business had revenue of $11.17 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the business earned $8.53 EPS. The company’s revenue for the quarter was down 17.9% on a year-over-year basis. As a group, equities analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Monday, June 30th. Deere & Company’s payout ratio is currently 31.35%.

Analyst Upgrades and Downgrades

DE has been the subject of several analyst reports. Melius raised shares of Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. DA Davidson reissued a “buy” rating and issued a $542.00 target price on shares of Deere & Company in a research note on Friday, May 16th. Wall Street Zen downgraded shares of Deere & Company from a “hold” rating to a “sell” rating in a research note on Friday, May 30th. JPMorgan Chase & Co. boosted their target price on shares of Deere & Company from $490.00 to $540.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Finally, Evercore ISI boosted their target price on shares of Deere & Company from $455.00 to $493.00 and gave the company an “in-line” rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $515.19.

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.