First American Bank Purchases 196 Shares of Deere & Company (NYSE:DE)

First American Bank boosted its stake in shares of Deere & Company (NYSE:DE) by 3.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 6,231 shares of the industrial products company’s stock after buying an additional 196 shares during the quarter. First American Bank’s holdings in Deere & Company were worth $2,925,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. World Equity Group Inc. increased its holdings in Deere & Company by 4.5% in the 1st quarter. World Equity Group Inc. now owns 552 shares of the industrial products company’s stock valued at $244,000 after purchasing an additional 24 shares during the last quarter. Coppell Advisory Solutions LLC increased its holdings in 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 valued at $432,000 after purchasing an additional 25 shares during the last quarter. Glen Eagle Advisors LLC increased its holdings in 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 valued at $1,244,000 after purchasing an additional 25 shares during the last quarter. Deseret Mutual Benefit Administrators increased its holdings 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. Finally, Knights of Columbus Asset Advisors LLC increased its holdings in Deere & Company by 0.3% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 7,565 shares of the industrial products company’s stock valued at $3,205,000 after purchasing an additional 26 shares during the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DE has been the subject of several research reports. Barclays lifted their target price on shares of Deere & Company from $475.00 to $530.00 and gave the company an “overweight” rating in a report on Friday, May 16th. Wall Street Zen downgraded shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Friday, May 30th. Raymond James Financial boosted their price target on shares of Deere & Company from $530.00 to $560.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Melius Research upgraded shares of Deere & Company from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Deere & Company from $490.00 to $540.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. One 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 company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $515.19.

Deere & Company Stock Performance

Shares of DE stock opened at $520.66 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.89 and a debt-to-equity ratio of 1.76. The firm has a fifty day moving average price of $495.13 and a 200 day moving average price of $470.56. The company has a market cap of $141.01 billion, a P/E ratio of 25.19, a PEG ratio of 3.33 and a beta of 1.09. Deere & Company has a 12 month low of $340.20 and a 12 month high of $533.78.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping analysts’ consensus estimates of $5.72 by $0.92. The firm had revenue of $11.17 billion during the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The company’s revenue was down 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.53 earnings per share. Sell-side analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be given a $1.62 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.24%. Deere & Company’s dividend payout ratio (DPR) is presently 31.35%.

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.