Peoples Bank OH Sells 793 Shares of Deere & Company (NYSE:DE)

Peoples Bank OH lowered its holdings in Deere & Company (NYSE:DE - Free Report) by 30.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,822 shares of the industrial products company's stock after selling 793 shares during the quarter. Peoples Bank OH's holdings in Deere & Company were worth $855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of DE. Price T Rowe Associates Inc. MD lifted its position in Deere & Company by 19.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company's stock valued at $2,792,082,000 after purchasing an additional 1,095,736 shares in the last quarter. Capital World Investors raised its stake in shares of Deere & Company by 2.7% in the fourth quarter. Capital World Investors now owns 6,058,259 shares of the industrial products company's stock worth $2,566,884,000 after buying an additional 157,224 shares during the period. FMR LLC increased its holdings in Deere & Company by 22.9% in the 4th quarter. FMR LLC now owns 5,581,408 shares of the industrial products company's stock worth $2,364,843,000 after acquiring an additional 1,039,395 shares in the last quarter. Geode Capital Management LLC increased its holdings in Deere & Company by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 5,305,571 shares of the industrial products company's stock worth $2,247,216,000 after acquiring an additional 97,203 shares in the last quarter. Finally, Norges Bank purchased a new stake in Deere & Company in the 4th quarter worth approximately $1,244,094,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Trading Down 1.3%

Shares of NYSE DE traded down $6.98 during trading hours on Friday, hitting $512.22. 596,036 shares of the company traded hands, compared to its average volume of 1,346,312. The stock has a market capitalization of $138.72 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 3.23 and a beta of 1.08. The company has a current ratio of 2.11, a quick ratio of 1.89 and a debt-to-equity ratio of 1.76. The company's 50 day moving average price is $510.12 and its 200 day moving average price is $477.52. Deere & Company has a 12 month low of $340.20 and a 12 month high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last released its earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, beating analysts' consensus estimates of $5.72 by $0.92. Deere & Company had a return on equity of 24.39% and a net margin of 12.40%. The firm had revenue of $11.17 billion for the quarter, compared to analysts' expectations of $10.80 billion. During the same quarter in the prior year, the firm posted $8.53 earnings per share. The company's quarterly revenue was down 17.9% on a year-over-year basis. On average, equities research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be paid a $1.62 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.27%. Deere & Company's dividend payout ratio is currently 31.35%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DE shares. UBS Group lowered their target price on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Morgan Stanley increased their target price on Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th. Robert W. Baird upped their price target on Deere & Company from $501.00 to $514.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Raymond James Financial boosted their target price on shares of Deere & Company from $530.00 to $560.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, Barclays boosted their target price on shares of Deere & Company from $475.00 to $530.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $515.19.

Deere & Company Profile

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.