Canandaigua National Bank & Trust Co. cut its position in shares of Deere & Co. (NYSE:DE) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,839 shares of the company’s stock after selling 739 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Deere & Co. were worth $1,284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Burke & Herbert Bank & Trust Co. raised its position in Deere & Co. by 30.6% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 3,910 shares of the company’s stock worth $301,000 after buying an additional 917 shares in the last quarter. Jacobs & Co. CA raised its position in Deere & Co. by 5.7% in the first quarter. Jacobs & Co. CA now owns 36,198 shares of the company’s stock worth $2,786,000 after buying an additional 1,940 shares in the last quarter. Culbertson A N & Co. Inc. acquired a new position in Deere & Co. during the first quarter worth approximately $1,270,000. Coastline Trust Co raised its position in Deere & Co. by 21.7% in the first quarter. Coastline Trust Co now owns 6,345 shares of the company’s stock worth $489,000 after buying an additional 1,130 shares in the last quarter. Finally, Davis R M Inc. raised its position in Deere & Co. by 3.1% in the first quarter. Davis R M Inc. now owns 9,224 shares of the company’s stock worth $710,000 after buying an additional 275 shares in the last quarter. Institutional investors own 70.65% of the company’s stock.

Shares of Deere & Co. (NYSE:DE) traded up 0.44% during trading on Tuesday, reaching $82.47. 1,918,242 shares of the company traded hands. The firm has a market capitalization of $25.93 billion, a PE ratio of 16.53 and a beta of 1.05. The firm has a 50-day moving average price of $81.88 and a 200-day moving average price of $81.79. Deere & Co. has a 12 month low of $70.16 and a 12 month high of $88.63.

Deere & Co. (NYSE:DE) last released its earnings results on Friday, August 19th. The company reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.61. The firm had revenue of $6.72 billion for the quarter. Deere & Co. had a net margin of 5.92% and a return on equity of 22.73%. The firm’s quarterly revenue was down 14.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.53 EPS. Equities research analysts anticipate that Deere & Co. will post $4.30 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Friday, September 30th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $2.40 annualized dividend and a dividend yield of 2.91%. Deere & Co.’s dividend payout ratio (DPR) is 48.10%.

DE has been the topic of a number of recent analyst reports. Piper Jaffray Cos. boosted their price target on shares of Deere & Co. from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Monday, May 23rd. BMO Capital Markets upgraded shares of Deere & Co. from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $70.00 to $96.00 in a research note on Tuesday, May 24th. Cowen and Company upgraded shares of Deere & Co. from a “market perform” rating to an “outperform” rating and set a $50.50 price target on the stock in a research note on Tuesday, May 24th. Vetr lowered shares of Deere & Co. from a “strong-buy” rating to a “buy” rating and set a $83.39 price target on the stock. in a research note on Tuesday, May 24th. Finally, Jefferies Group reiterated a “hold” rating on shares of Deere & Co. in a research note on Tuesday, May 24th. Eight equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Deere & Co. currently has an average rating of “Hold” and an average target price of $81.61.

Deere & Co. Company Profile

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts.

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