North Dallas Bank & Trust Co. Purchases Shares of 2,050 Deere & Company $DE

North Dallas Bank & Trust Co. acquired a new position in Deere & Company (NYSE:DE) during the second quarter, Holdings Channel reports. The firm acquired 2,050 shares of the industrial products company’s stock, valued at approximately $1,042,000.

Several other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Deere & Company in the 2nd quarter valued at about $1,578,243,000. Marshall Wace LLP grew its stake in shares of Deere & Company by 573.9% in the 2nd quarter. Marshall Wace LLP now owns 842,882 shares of the industrial products company’s stock worth $428,597,000 after purchasing an additional 717,808 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of Deere & Company by 132.0% in the 2nd quarter. TD Asset Management Inc now owns 721,638 shares of the industrial products company’s stock worth $366,946,000 after purchasing an additional 410,636 shares in the last quarter. Voya Investment Management LLC lifted its stake 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 valued at $344,442,000 after purchasing an additional 361,526 shares during the last quarter. Finally, Laurel Wealth Advisors LLC lifted its stake in Deere & Company by 50,691.9% during the second quarter. Laurel Wealth Advisors LLC now owns 332,179 shares of the industrial products company’s stock valued at $168,910,000 after purchasing an additional 331,525 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $485.35 on Friday. Deere & Company has a 12 month low of $403.01 and a 12 month high of $533.78. The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 1.68. The stock has a market cap of $131.20 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 1.83 and a beta of 1.00. The business has a fifty day simple moving average of $469.02 and a 200-day simple moving average of $487.55.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($0.03). Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.The business had revenue of $12.39 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same period in the prior year, the company posted $4.55 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. On average, sell-side analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Wednesday, December 31st will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.3%. Deere & Company’s payout ratio is presently 35.01%.

Insider Buying and Selling

In other Deere & Company news, CEO John C. May II sold 11,106 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $500.08, for a total value of $5,553,888.48. Following the transaction, the chief executive officer owned 112,453 shares in the company, valued at approximately $56,235,496.24. This represents a 8.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DE shares. Jefferies Financial Group lifted their price target on shares of Deere & Company from $440.00 to $475.00 and gave the stock a “hold” rating in a research report on Tuesday. DA Davidson reissued a “buy” rating and set a $580.00 price objective on shares of Deere & Company in a research note on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a research report on Monday, December 8th. Evercore ISI reaffirmed a “positive” rating on shares of Deere & Company in a report on Friday, November 28th. Finally, Wells Fargo & Company assumed coverage on Deere & Company in a research note on Thursday, November 13th. They issued an “overweight” rating and a $543.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $523.70.

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.