Deere & Company $DE Shares Acquired by M&T Bank Corp

M&T Bank Corp lifted its holdings in shares of Deere & Company (NYSE:DE) by 0.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 150,084 shares of the industrial products company’s stock after purchasing an additional 1,196 shares during the quarter. M&T Bank Corp’s holdings in Deere & Company were worth $76,316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of DE. Mid American Wealth Advisory Group Inc. purchased a new position in Deere & Company during the second quarter worth about $25,000. Activest Wealth Management raised its stake in shares of Deere & Company by 2,750.0% in the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 55 shares during the period. Marshall & Sullivan Inc. WA acquired a new position in shares of Deere & Company in the 2nd quarter worth approximately $38,000. Livelsberger Financial Advisory purchased a new position in shares of Deere & Company during the 2nd quarter worth approximately $39,000. Finally, Center for Financial Planning Inc. increased its holdings in Deere & Company by 406.7% in the 2nd quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 61 shares during the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DE has been the topic of a number of research reports. Wolfe Research decreased their price target on Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Royal Bank Of Canada decreased their target price on Deere & Company from $542.00 to $541.00 and set an “outperform” rating on the stock in a research note on Friday. Truist Financial raised their target price on Deere & Company from $609.00 to $612.00 and gave the company a “buy” rating in a report on Friday. Oppenheimer boosted their price target on shares of Deere & Company from $512.00 to $531.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Daiwa Capital Markets reduced their price target on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $519.45.

Deere & Company Stock Performance

NYSE:DE opened at $467.78 on Tuesday. Deere & Company has a 12 month low of $403.01 and a 12 month high of $533.78. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The firm has a market capitalization of $126.45 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04. The business’s fifty day moving average price is $467.07 and its 200 day moving average price is $490.14.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The business had revenue of $12.39 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same period last year, the firm earned $4.55 earnings per share. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. On average, sell-side analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO John C. May II sold 11,106 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $500.08, for a total value of $5,553,888.48. Following the completion of the transaction, the chief executive officer directly owned 112,453 shares of the company’s stock, valued at $56,235,496.24. This represents a 8.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by insiders.

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.