Heartland Bank & Trust Co Sells 56 Shares of Deere & Company (NYSE:DE)

Heartland Bank & Trust Co trimmed its position in Deere & Company (NYSE:DE) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,597 shares of the industrial products company’s stock after selling 56 shares during the quarter. Heartland Bank & Trust Co’s holdings in Deere & Company were worth $677,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Lighthouse Investment Partners LLC acquired a new position in shares of Deere & Company in the second quarter valued at $237,000. Scientech Research LLC acquired a new position in Deere & Company in the 2nd quarter valued at about $799,000. Kathmere Capital Management LLC raised its holdings in Deere & Company by 74.0% in the 2nd quarter. Kathmere Capital Management LLC now owns 992 shares of the industrial products company’s stock valued at $371,000 after acquiring an additional 422 shares during the period. SkyView Investment Advisors LLC lifted its position in Deere & Company by 14.1% during the second quarter. SkyView Investment Advisors LLC now owns 1,030 shares of the industrial products company’s stock worth $385,000 after acquiring an additional 127 shares during the last quarter. Finally, Ascent Group LLC lifted its position in Deere & Company by 11.6% during the second quarter. Ascent Group LLC now owns 1,620 shares of the industrial products company’s stock worth $605,000 after acquiring an additional 168 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Deere & Company Price Performance

Shares of DE stock opened at $478.90 on Monday. The business has a fifty day simple moving average of $438.55 and a 200 day simple moving average of $406.44. The company has a market cap of $130.43 billion, a P/E ratio of 18.71, a P/E/G ratio of 2.84 and a beta of 0.98. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. Deere & Company has a twelve month low of $340.20 and a twelve month high of $479.48.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business’s revenue for the quarter was down 32.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.26 earnings per share. On average, sell-side analysts forecast that Deere & Company will post 19.34 EPS for the current fiscal year.

Deere & Company Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. The ex-dividend date is Tuesday, December 31st. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a dividend yield of 1.35%. Deere & Company’s dividend payout ratio is 25.31%.

Analyst Upgrades and Downgrades

DE has been the topic of a number of recent research reports. UBS Group increased their target price on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. increased their price objective on Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Jefferies Financial Group cut shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a research report on Friday, December 6th. Truist Financial lifted their price objective 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. Finally, Oppenheimer increased their target price on shares of Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average 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.