Advantage Trust Co Sells 160 Shares of Deere & Company (NYSE:DE)

Advantage Trust Co reduced its position in shares of Deere & Company (NYSE:DE) by 13.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,010 shares of the industrial products company’s stock after selling 160 shares during the quarter. Deere & Company makes up about 0.3% of Advantage Trust Co’s holdings, making the stock its 29th biggest holding. Advantage Trust Co’s holdings in Deere & Company were worth $422,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DE. Fairscale Capital LLC purchased a new stake in shares of Deere & Company in the 2nd quarter worth about $26,000. Pineridge Advisors LLC lifted its holdings in Deere & Company by 725.0% in the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock worth $27,000 after buying an additional 58 shares during the period. Livelsberger Financial Advisory bought a new stake in Deere & Company during the 3rd quarter valued at approximately $32,000. Olistico Wealth LLC bought a new position in shares of Deere & Company in the 2nd quarter worth approximately $37,000. Finally, Centennial Bank AR lifted its stake in shares of Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

Deere & Company stock traded down $17.10 during mid-day trading on Friday, reaching $394.06. 1,623,152 shares of the stock traded hands, compared to its average volume of 897,978. Deere & Company has a 12-month low of $340.20 and a 12-month high of $420.47. The business’s 50-day moving average is $403.02 and its 200-day moving average is $385.61. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87. The stock has a market capitalization of $107.81 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.54 and a beta of 0.93.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, beating the consensus estimate of $5.63 by $0.66. The firm had revenue of $11.39 billion during the quarter, compared to analyst estimates of $10.94 billion. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The business’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.20 EPS. As a group, sell-side analysts predict that Deere & Company will post 25 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, September 30th were paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Monday, September 30th. Deere & Company’s dividend payout ratio is presently 20.06%.

Analyst Upgrades and Downgrades

DE has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price objective on Deere & Company from $360.00 to $420.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Hsbc Global Res cut shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Bank of America upped their price objective on shares of Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. HSBC lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $420.69.

About Deere & Company

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.