Deere & Company (NYSE:DE) Shares Bought by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas raised its position in Deere & Company (NYSE:DE) by 70.7% during the 4th quarter, Holdings Channel reports. The firm owned 5,356 shares of the industrial products company’s stock after acquiring an additional 2,219 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Deere & Company were worth $2,142,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DE. Pinnacle Associates Ltd. boosted its stake in shares of Deere & Company by 21.3% during the fourth quarter. Pinnacle Associates Ltd. now owns 5,355 shares of the industrial products company’s stock valued at $2,141,000 after acquiring an additional 939 shares during the last quarter. Penserra Capital Management LLC lifted its position in Deere & Company by 2.4% during the third quarter. Penserra Capital Management LLC now owns 236,696 shares of the industrial products company’s stock worth $89,322,000 after buying an additional 5,485 shares during the period. New Mexico Educational Retirement Board lifted its position in Deere & Company by 6.9% during the third quarter. New Mexico Educational Retirement Board now owns 14,002 shares of the industrial products company’s stock worth $5,284,000 after buying an additional 900 shares during the period. Centric Wealth Management purchased a new position in Deere & Company during the third quarter worth about $2,640,000. Finally, Graham Capital Management L.P. lifted its position in Deere & Company by 483.3% during the third quarter. Graham Capital Management L.P. now owns 17,500 shares of the industrial products company’s stock worth $6,604,000 after buying an additional 14,500 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Wells Fargo & Company cut their price objective on Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a report on Friday, February 16th. Stifel Nicolaus cut their price objective on Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Melius downgraded Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Morgan Stanley started coverage on Deere & Company in a report on Monday, January 8th. They issued an “overweight” rating and a $430.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $433.28.

Deere & Company Stock Down 0.9 %

NYSE DE traded down $3.51 during mid-day trading on Wednesday, reaching $393.70. 274,807 shares of the company’s stock traded hands, compared to its average volume of 1,471,608. Deere & Company has a 1-year low of $345.55 and a 1-year high of $450.00. The company has a fifty day simple moving average of $386.42 and a 200-day simple moving average of $383.39. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 1.81. The company has a market cap of $109.59 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 1.50 and a beta of 1.04.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The business had revenue of $10.49 billion during the quarter, compared to analyst estimates of $10.30 billion. During the same quarter in the previous year, the firm posted $6.55 EPS. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. As a group, equities research analysts expect that Deere & Company will post 27.37 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be given a dividend of $1.47 per share. The ex-dividend date is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a yield of 1.49%. Deere & Company’s dividend payout ratio is currently 17.12%.

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.