Deere & Company (NYSE:DE) Shares Sold by Peoples Bank KS

Peoples Bank KS cut its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 64.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 458 shares of the industrial products company's stock after selling 840 shares during the period. Peoples Bank KS's holdings in Deere & Company were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position in shares of Deere & Company by 39.1% during the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock worth $1,927,000 after purchasing an additional 1,278 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth approximately $35,000. Caprock Group LLC raised its stake in Deere & Company by 8.6% in the 4th quarter. Caprock Group LLC now owns 8,312 shares of the industrial products company's stock valued at $3,536,000 after purchasing an additional 659 shares during the last quarter. Austin Private Wealth LLC acquired a new position in Deere & Company in the 4th quarter valued at $331,000. Finally, Heck Capital Advisors LLC purchased a new position in Deere & Company in the 4th quarter valued at $1,159,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Trading Up 1.2%

DE traded up $6.02 on Tuesday, reaching $513.86. 1,107,670 shares of the company's stock were exchanged, compared to its average volume of 1,397,995. Deere & Company has a twelve month low of $340.20 and a twelve month high of $533.78. The company's 50 day moving average is $476.02 and its 200-day moving average is $463.74. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The company has a market cap of $139.47 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.14 and a beta of 1.08.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.72 by $0.92. The firm had revenue of $11.17 billion during the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The firm's quarterly revenue was down 17.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.53 EPS. Equities analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's dividend payout ratio is currently 31.35%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DE shares. BMO Capital Markets reaffirmed a "market perform" rating and issued a $460.00 target price (up from $425.00) on shares of Deere & Company in a research note on Wednesday, May 21st. Baird R W lowered Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Barclays raised their target price on Deere & Company from $475.00 to $530.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Morgan Stanley raised their price target on shares of Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. Finally, Wall Street Zen lowered Deere & Company from a "hold" rating to a "sell" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Deere & Company has a consensus rating of "Hold" and an average price target of $515.19.

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.