Parkside Financial Bank & Trust Has $1.14 Million Holdings in Deere & Company (NYSE:DE)

Parkside Financial Bank & Trust decreased its position in shares of Deere & Company (NYSE:DE) by 6.1% during the 4th quarter, HoldingsChannel reports. The fund owned 2,839 shares of the industrial products company’s stock after selling 184 shares during the period. Parkside Financial Bank & Trust’s holdings in Deere & Company were worth $1,135,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DE. SlateStone Wealth LLC increased its stake in shares of Deere & Company by 19.7% in the fourth quarter. SlateStone Wealth LLC now owns 1,750 shares of the industrial products company’s stock valued at $700,000 after buying an additional 288 shares during the period. Marks Group Wealth Management Inc increased its position in Deere & Company by 2.1% in the 4th quarter. Marks Group Wealth Management Inc now owns 3,163 shares of the industrial products company’s stock valued at $1,265,000 after acquiring an additional 64 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Deere & Company by 5.9% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 10,631 shares of the industrial products company’s stock valued at $4,184,000 after acquiring an additional 596 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Deere & Company by 6.9% during the fourth quarter. California Public Employees Retirement System now owns 545,182 shares of the industrial products company’s stock worth $218,002,000 after purchasing an additional 35,173 shares during the period. Finally, Foster & Motley Inc. grew its stake in shares of Deere & Company by 13.1% in the fourth quarter. Foster & Motley Inc. now owns 3,151 shares of the industrial products company’s stock worth $1,260,000 after purchasing an additional 365 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on DE shares. Melius Research reaffirmed a “hold” rating on shares of Deere & Company in a report on Monday, January 8th. 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 research note on Friday, February 16th. Citigroup decreased their target price on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, February 16th. JPMorgan Chase & Co. boosted their price target on shares of Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, Melius cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $433.28.

Deere & Company Stock Down 0.1 %

Shares of NYSE DE traded down $0.33 during trading on Wednesday, hitting $396.88. The stock had a trading volume of 144,148 shares, compared to its average volume of 1,469,907. The firm has a fifty day moving average of $386.42 and a two-hundred day moving average of $383.39. The company has a market capitalization of $110.48 billion, a PE ratio of 11.57, a PEG ratio of 1.50 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00.

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

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s dividend payout ratio is presently 17.12%.

Deere & Company Company Profile

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.