Community Bank & Trust Waco Texas Has $1.28 Million Stock Position in Deere & Company (NYSE:DE)

Community Bank & Trust Waco Texas trimmed its position in Deere & Company (NYSE:DE) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,015 shares of the industrial products company’s stock after selling 60 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Deere & Company were worth $1,277,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Weatherly Asset Management L. P. increased its position in Deere & Company by 1.0% in the fourth quarter. Weatherly Asset Management L. P. now owns 15,100 shares of the industrial products company’s stock worth $6,419,000 after purchasing an additional 154 shares during the period. Sovran Advisors LLC bought a new position in Deere & Company during the fourth quarter worth about $361,000. Stonebridge Financial Group LLC bought a new position in Deere & Company during the fourth quarter worth about $142,000. Essex Financial Services Inc. boosted its holdings in Deere & Company by 12.4% during the fourth quarter. Essex Financial Services Inc. now owns 7,702 shares of the industrial products company’s stock worth $3,263,000 after buying an additional 851 shares during the last quarter. Finally, Armor Investment Advisors LLC boosted its holdings in Deere & Company by 0.7% during the fourth quarter. Armor Investment Advisors LLC now owns 5,953 shares of the industrial products company’s stock worth $2,522,000 after buying an additional 40 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DE shares. Barclays raised their target price on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Morgan Stanley lifted their price objective on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Oppenheimer lifted their price objective on Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. UBS Group lifted their price objective on Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a report on Monday. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Deere & Company has an average rating of “Hold” and an average price target of $446.17.

Deere & Company Stock Up 1.0 %

DE stock opened at $470.22 on Tuesday. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $128.06 billion, a PE ratio of 18.37, a PEG ratio of 2.87 and a beta of 0.98. Deere & Company has a 1-year low of $340.20 and a 1-year high of $485.84. The business’s 50 day simple moving average is $445.00 and its 200 day simple moving average is $413.46.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm’s revenue was down 32.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.26 EPS. As a group, research analysts anticipate that Deere & Company will post 19.38 EPS for the current year.

Deere & Company Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Tuesday, December 31st were paid a $1.62 dividend. The ex-dividend date was 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 yield of 1.38%. Deere & Company’s payout ratio is 25.31%.

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.