Deere & Company (NYSE:DE) Stock Holdings Lessened by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services lowered its stake in Deere & Company (NYSE:DE) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,655 shares of the industrial products company’s stock after selling 156 shares during the period. Deere & Company makes up about 1.8% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 16th largest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in Deere & Company were worth $7,480,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Chemistry Wealth Management LLC raised its stake in Deere & Company by 8.7% during the 4th quarter. Chemistry Wealth Management LLC now owns 3,453 shares of the industrial products company’s stock valued at $1,463,000 after purchasing an additional 276 shares during the period. Boston Common Asset Management LLC raised its stake in Deere & Company by 2.0% during the 4th quarter. Boston Common Asset Management LLC now owns 20,281 shares of the industrial products company’s stock valued at $8,593,000 after purchasing an additional 398 shares during the period. Relyea Zuckerberg Hanson LLC raised its stake in Deere & Company by 3.7% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 956 shares of the industrial products company’s stock valued at $405,000 after purchasing an additional 34 shares during the period. Avanza Fonder AB acquired a new stake in Deere & Company during the 4th quarter valued at $11,132,000. Finally, Everpar Advisors LLC acquired a new stake in Deere & Company during the 4th quarter valued at $207,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Up 4.0 %

DE stock opened at $456.57 on Friday. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. Deere & Company has a 52-week low of $340.20 and a 52-week high of $469.39. The company has a 50-day moving average of $430.22 and a two-hundred day moving average of $401.33. The stock has a market capitalization of $124.00 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. During the same period in the prior year, the company earned $8.26 earnings per share. The business’s quarterly revenue was down 32.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Deere & Company will post 19.57 EPS for the current year.

Deere & Company Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.42%. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company’s dividend payout ratio is 25.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DE shares. Citigroup dropped their price target on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research note on Tuesday. Truist Financial upped their price target on shares of Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. upped their price target on shares of Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a research note on Wednesday. Barclays upped their price target on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, Oppenheimer upped their price target on shares of Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $442.83.

About Deere & Company

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.