Community Bank N.A. Raises Stock Position in Deere & Company (NYSE:DE)

Community Bank N.A. increased its position in Deere & Company (NYSE:DE) by 13.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,413 shares of the industrial products company’s stock after purchasing an additional 507 shares during the quarter. Community Bank N.A.’s holdings in Deere & Company were worth $1,842,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Fairscale Capital LLC purchased a new position in Deere & Company in the 2nd quarter worth about $26,000. Livelsberger Financial Advisory bought a new stake in shares of Deere & Company during the third quarter valued at approximately $32,000. Olistico Wealth LLC bought a new position in shares of Deere & Company during the 2nd quarter valued at about $37,000. Centennial Bank AR increased its stake in Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 84 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Deere & Company during the third quarter valued at $47,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 0.0 %

Shares of NYSE:DE opened at $465.90 on Monday. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. Deere & Company has a 1-year low of $340.20 and a 1-year high of $469.39. The firm has a fifty day moving average price of $413.25 and a 200 day moving average price of $388.13. The stock has a market cap of $127.47 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.99 and a beta of 0.93.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.90 by $0.65. The company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm’s quarterly revenue was down 32.8% compared to the same quarter last year. During the same period last year, the company posted $8.26 earnings per share. Sell-side analysts predict that Deere & Company will post 19.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group boosted their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Morgan Stanley upped their target price on Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Oppenheimer raised their price target on Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Evercore ISI upped their price objective on Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a research report on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Twelve equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Deere & Company has a consensus rating of “Hold” and an average price target of $436.41.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.