Deere & Company (NYSE:DE) Holdings Lowered by Fulton Bank N.A.

Fulton Bank N.A. trimmed its stake in Deere & Company (NYSE:DE - Free Report) by 57.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,698 shares of the industrial products company's stock after selling 2,270 shares during the quarter. Fulton Bank N.A.'s holdings in Deere & Company were worth $797,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. ST Germain D J Co. Inc. increased its stake in Deere & Company by 2.0% during the first quarter. ST Germain D J Co. Inc. now owns 3,595 shares of the industrial products company's stock worth $1,687,000 after acquiring an additional 71 shares during the last quarter. Merit Financial Group LLC grew its holdings in shares of Deere & Company by 5.5% during the 1st quarter. Merit Financial Group LLC now owns 8,928 shares of the industrial products company's stock worth $4,191,000 after purchasing an additional 464 shares during the period. Marquette Asset Management LLC acquired a new stake in Deere & Company during the 1st quarter worth approximately $49,000. Harbor Investment Advisory LLC increased its position in Deere & Company by 2.4% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,475 shares of the industrial products company's stock worth $692,000 after purchasing an additional 35 shares in the last quarter. Finally, Inspirion Wealth Advisors LLC raised its holdings in Deere & Company by 14.1% in the first quarter. Inspirion Wealth Advisors LLC now owns 2,343 shares of the industrial products company's stock valued at $1,100,000 after buying an additional 289 shares during the period. Institutional investors and hedge funds own 68.58% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Argus set a $510.00 price objective on shares of Deere & Company in a research report on Friday, March 7th. BMO Capital Markets reaffirmed a "market perform" rating and set a $460.00 price target (up from $425.00) on shares of Deere & Company in a research report on Wednesday, May 21st. Citigroup cut their price objective on Deere & Company from $550.00 to $525.00 and set a "neutral" rating on the stock in a research report on Friday, May 30th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Deere & Company in a research report on Thursday, May 15th. Finally, Robert W. Baird increased their target price on Deere & Company from $501.00 to $514.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $515.19.

Deere & Company Stock Up 0.5%

Shares of Deere & Company stock traded up $2.79 during trading on Thursday, reaching $510.57. The company had a trading volume of 1,125,908 shares, compared to its average volume of 1,396,025. The company has a market cap of $138.58 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The firm's fifty day moving average is $477.57 and its 200-day moving average is $464.39. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last announced 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 firm had revenue of $11.17 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period in the previous year, the company earned $8.53 earnings per share. Deere & Company's quarterly revenue was down 17.9% on a year-over-year basis. On average, analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

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

Deere & Company 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.