Deere & Company (NYSE:DE) Shares Sold by First Community Trust NA

First Community Trust NA decreased its stake in shares of Deere & Company (NYSE:DE - Free Report) by 45.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,768 shares of the industrial products company's stock after selling 13,215 shares during the quarter. Deere & Company makes up 6.5% of First Community Trust NA's investment portfolio, making the stock its 3rd biggest holding. First Community Trust NA's holdings in Deere & Company were worth $7,401,000 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. Pineridge Advisors LLC boosted its position in shares of Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 26 shares during the period. YANKCOM Partnership acquired a new position in Deere & Company during the fourth quarter worth approximately $34,000. Orion Capital Management LLC acquired a new position in Deere & Company during the fourth quarter worth approximately $34,000. Synergy Asset Management LLC acquired a new position in Deere & Company during the fourth quarter worth approximately $35,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in Deere & Company during the 4th quarter worth $39,000. Hedge funds and other institutional investors own 68.58% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on DE shares. Barclays increased their price target on shares of Deere & Company from $475.00 to $530.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. UBS Group reduced their price objective on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. raised their price objective on shares of Deere & Company from $490.00 to $540.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Truist Financial raised their price objective on shares of Deere & Company from $546.00 to $619.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $460.00 price objective (up previously from $425.00) on shares of Deere & Company in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Deere & Company has an average rating of "Hold" and an average price target of $515.19.

Deere & Company Trading Up 0.3%

Shares of DE traded up $1.56 during trading hours on Monday, hitting $507.82. The stock had a trading volume of 993,734 shares, compared to its average volume of 1,399,154. Deere & Company has a 12-month low of $340.20 and a 12-month high of $533.78. The firm has a market cap of $137.83 billion, a P/E ratio of 22.51, a P/E/G ratio of 2.14 and a beta of 1.08. 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's fifty day simple moving average is $475.54 and its 200 day simple moving average is $462.98.

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

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's payout ratio is currently 31.35%.

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.