Deere & Company (NYSE:DE) Shares Sold by Whittier Trust Co.

Whittier Trust Co. lowered its stake in shares of Deere & Company (NYSE:DE - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 22,990 shares of the industrial products company's stock after selling 582 shares during the quarter. Whittier Trust Co.'s holdings in Deere & Company were worth $10,790,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Deere & Company during the fourth quarter valued at approximately $1,244,094,000. GAMMA Investing LLC grew its position in Deere & Company by 61,215.9% in the 1st quarter. GAMMA Investing LLC now owns 1,753,022 shares of the industrial products company's stock valued at $822,781,000 after acquiring an additional 1,750,163 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in Deere & Company in the fourth quarter worth $541,437,000. Price T Rowe Associates Inc. MD lifted its position in shares of 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 worth $2,792,082,000 after purchasing an additional 1,095,736 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Deere & Company by 22.9% during the fourth quarter. FMR LLC now owns 5,581,408 shares of the industrial products company's stock worth $2,364,843,000 after purchasing an additional 1,039,395 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Melius raised Deere & Company from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Robert W. Baird upped their price objective on shares of Deere & Company from $501.00 to $514.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Melius Research upgraded shares of Deere & Company from a "hold" rating to a "strong-buy" rating in a report on Friday, June 6th. Barclays boosted their price target on shares of Deere & Company from $475.00 to $530.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Finally, Truist Financial increased 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. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Deere & Company presently has an average rating of "Hold" and a consensus target price of $515.50.

Deere & Company Stock Performance

Shares of NYSE:DE traded down $7.21 during trading on Thursday, hitting $500.53. 1,240,953 shares of the stock traded hands, compared to its average volume of 1,344,055. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 1.76. The company has a fifty day moving average price of $512.51 and a two-hundred day moving average price of $479.60. Deere & Company has a 52-week low of $340.20 and a 52-week high of $533.78. The company has a market cap of $135.56 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 3.19 and a beta of 1.08.

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

Deere & Company Announces Dividend

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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.29%. Deere & Company's payout ratio is 31.35%.

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.