First National Trust Co trimmed its position in Deere & Company (NYSE:DE) by 24.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,103 shares of the industrial products company’s stock after selling 1,632 shares during the period. First National Trust Co’s holdings in Deere & Company were worth $798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DE. Capital International Investors increased its position in shares of Deere & Company by 35.4% in the 3rd quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock valued at $1,106,131,000 after acquiring an additional 2,300,531 shares during the period. Janus Henderson Group PLC increased its position in shares of Deere & Company by 128.2% in the 3rd quarter. Janus Henderson Group PLC now owns 2,587,339 shares of the industrial products company’s stock valued at $324,942,000 after acquiring an additional 1,453,754 shares during the period. Vanguard Group Inc. increased its position in shares of Deere & Company by 5.6% in the 2nd quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock valued at $2,668,774,000 after acquiring an additional 1,153,484 shares during the period. FMR LLC increased its position in shares of Deere & Company by 18.3% in the 2nd quarter. FMR LLC now owns 5,032,313 shares of the industrial products company’s stock valued at $621,943,000 after acquiring an additional 777,519 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Deere & Company by 21.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,621,764 shares of the industrial products company’s stock valued at $454,857,000 after acquiring an additional 634,001 shares during the period. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on DE. Royal Bank of Canada raised Deere & Company from a “sector perform” rating to an “outperform” rating and cut their target price for the company from $190.00 to $155.00 in a research report on Wednesday, January 10th. Wells Fargo & Co reissued an “outperform” rating and issued a $200.00 target price (up from $170.00) on shares of Deere & Company in a research report on Wednesday, January 10th. Barclays raised Deere & Company from a “sector perform” rating to an “outperform” rating and set a $171.00 target price on the stock in a research report on Wednesday, January 10th. Stifel Nicolaus reissued a “buy” rating and issued a $184.00 target price (up from $161.00) on shares of Deere & Company in a research report on Wednesday. Finally, Seaport Global Securities reaffirmed a “hold” rating on shares of Deere & Company in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $149.78.

In related news, insider James M. Field sold 22,095 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $170.06, for a total value of $3,757,475.70. Following the transaction, the insider now directly owns 95,832 shares of the company’s stock, valued at approximately $16,297,189.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Max A. Guinn sold 11,235 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $168.68, for a total transaction of $1,895,119.80. Following the completion of the transaction, the insider now directly owns 39,406 shares in the company, valued at $6,647,004.08. The disclosure for this sale can be found here. Insiders have sold a total of 246,097 shares of company stock worth $35,868,394 over the last 90 days. Insiders own 0.85% of the company’s stock.

Shares of Deere & Company (DE) opened at $167.90 on Friday. Deere & Company has a 12-month low of $104.92 and a 12-month high of $170.73. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.95 and a current ratio of 2.12. The company has a market capitalization of $54,122.93, a PE ratio of 25.29, a PEG ratio of 2.51 and a beta of 0.77.

Deere & Company (NYSE:DE) last posted its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.10. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The firm had revenue of $7.09 billion for the quarter, compared to analysts’ expectations of $6.91 billion. During the same period last year, the firm earned $0.90 EPS. The company’s quarterly revenue was up 25.6% on a year-over-year basis. analysts predict that Deere & Company will post 8.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, December 29th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Thursday, December 28th. Deere & Company’s dividend payout ratio (DPR) is presently 36.14%.

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Deere & Company Company Profile

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

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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