Advantage Trust Co Trims Holdings in Deere & Company (NYSE:DE)

Advantage Trust Co reduced its position in Deere & Company (NYSE:DE) by 13.7% in the third quarter, HoldingsChannel.com reports. The firm owned 1,010 shares of the industrial products company’s stock after selling 160 shares during the period. Deere & Company accounts for approximately 0.3% of Advantage Trust Co’s investment portfolio, making the stock its 29th biggest holding. Advantage Trust Co’s holdings in Deere & Company were worth $422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crossmark Global Holdings Inc. grew its position in shares of Deere & Company by 2.7% during the third quarter. Crossmark Global Holdings Inc. now owns 39,576 shares of the industrial products company’s stock worth $16,516,000 after purchasing an additional 1,058 shares in the last quarter. Tyler Stone Wealth Management grew its holdings in Deere & Company by 90.1% during the 3rd quarter. Tyler Stone Wealth Management now owns 1,209 shares of the industrial products company’s stock valued at $505,000 after buying an additional 573 shares in the last quarter. Round Rock Advisors LLC raised its position in shares of Deere & Company by 2.0% during the third quarter. Round Rock Advisors LLC now owns 1,252 shares of the industrial products company’s stock valued at $522,000 after buying an additional 25 shares during the last quarter. Transcendent Capital Group LLC lifted its holdings in shares of Deere & Company by 89.1% in the third quarter. Transcendent Capital Group LLC now owns 380 shares of the industrial products company’s stock worth $159,000 after buying an additional 179 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Deere & Company by 3.7% during the third quarter. Covestor Ltd now owns 1,394 shares of the industrial products company’s stock worth $581,000 after acquiring an additional 50 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on DE. JPMorgan Chase & Co. boosted their price target on shares of Deere & Company from $360.00 to $420.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. Evercore ISI raised their price target on Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a report on Monday, August 19th. Bank of America lifted their price objective on Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a research note 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, Citigroup increased their price objective on shares of Deere & Company from $395.00 to $420.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $420.69.

Deere & Company Trading Down 4.2 %

DE stock traded down $17.10 during midday trading on Friday, reaching $394.06. The company’s stock had a trading volume of 1,623,152 shares, compared to its average volume of 897,978. Deere & Company has a 1 year low of $340.20 and a 1 year high of $420.47. The firm has a market capitalization of $107.81 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 1.54 and a beta of 0.93. The stock has a fifty day simple moving average of $403.02 and a two-hundred day simple moving average of $385.61. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, topping analysts’ consensus estimates of $5.63 by $0.66. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The firm had revenue of $11.39 billion for the quarter, compared to analysts’ expectations of $10.94 billion. During the same period in the prior year, the business posted $10.20 earnings per share. The business’s revenue for the quarter was down 20.3% on a year-over-year basis. On average, equities research analysts predict that Deere & Company will post 25 EPS for the current year.

Deere & Company Dividend Announcement

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

Deere & 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.