First Financial Bank Trust Division Lowers Stock Holdings in Deere & Company (NYSE:DE)

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First Financial Bank Trust Division reduced its position in Deere & Company (NYSE:DE) by 1.8% in the first quarter, Holdings reports. The fund owned 7,426 shares of the industrial products company’s stock after selling 134 shares during the quarter. First Financial Bank Trust Division’s holdings in Deere & Company were worth $2,778,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Klaas Financial Asset Advisors LLC purchased a new stake in Deere & Company in the 4th quarter worth approximately $26,000. Grant Street Asset Management Inc. purchased a new stake in shares of Deere & Company in the fourth quarter worth $27,000. Leelyn Smith LLC boosted its stake in Deere & Company by 2,500.0% during the fourth quarter. Leelyn Smith LLC now owns 104 shares of the industrial products company’s stock valued at $28,000 after buying an additional 100 shares during the period. Syverson Strege & Co bought a new stake in Deere & Company during the fourth quarter valued at $28,000. Finally, Clearview Wealth Advisors LLC purchased a new position in Deere & Company during the fourth quarter worth about $32,000. 66.77% of the stock is owned by institutional investors.

DE stock traded down $5.78 during midday trading on Thursday, hitting $369.01. The company had a trading volume of 7,673 shares, compared to its average volume of 1,859,980. The stock has a market cap of $115.66 billion, a price-to-earnings ratio of 43.08, a PEG ratio of 1.43 and a beta of 0.96. Deere & Company has a 52 week low of $117.85 and a 52 week high of $392.42. The company has a current ratio of 2.24, a quick ratio of 2.03 and a debt-to-equity ratio of 2.53. The stock’s 50 day moving average price is $357.42 and its 200 day moving average price is $285.84.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, February 18th. The industrial products company reported $3.87 EPS for the quarter, topping the consensus estimate of $2.17 by $1.70. The company had revenue of $8.05 billion for the quarter, compared to the consensus estimate of $7.12 billion. Deere & Company had a net margin of 7.74% and a return on equity of 22.17%. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 earnings per share. Analysts predict that Deere & Company will post 13.09 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 10th. Shareholders of record on Wednesday, March 31st will be given a $0.90 dividend. This is a boost from Deere & Company’s previous quarterly dividend of $0.76. The ex-dividend date is Tuesday, March 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.98%. Deere & Company’s payout ratio is presently 41.43%.

A number of analysts have recently issued reports on DE shares. Vertical Research started coverage on Deere & Company in a research report on Wednesday, January 20th. They set a “buy” rating and a $345.00 price target for the company. Barclays boosted their price target on shares of Deere & Company from $330.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 22nd. Citigroup increased their price target on shares of Deere & Company from $325.00 to $375.00 and gave the stock a “neutral” rating in a report on Wednesday, March 10th. BMO Capital Markets lifted their price objective on shares of Deere & Company from $300.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, January 25th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Deere & Company from $287.00 to $360.00 and gave the company a “hold” rating in a research note on Monday, March 1st. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $320.20.

Deere & Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment provides various agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural solutions and precision technologies; and other outdoor power products.

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

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