Stock Yards Bank & Trust Co. decreased its holdings in shares of Deere & Company (NYSE:DE) by 11.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,008 shares of the industrial products company’s stock after selling 790 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Deere & Company were worth $940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Deere & Company by 5.6% in the second quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock worth $2,668,774,000 after purchasing an additional 1,153,484 shares during the period. BlackRock Inc. increased its holdings in shares of Deere & Company by 2.5% in the second quarter. BlackRock Inc. now owns 17,125,313 shares of the industrial products company’s stock worth $2,116,517,000 after purchasing an additional 409,861 shares during the period. Capital International Investors increased its holdings in shares of Deere & Company by 35.4% in the third quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock worth $1,106,131,000 after purchasing an additional 2,300,531 shares during the period. FMR LLC increased its holdings in shares of Deere & Company by 18.3% in the second quarter. FMR LLC now owns 5,032,313 shares of the industrial products company’s stock worth $621,943,000 after purchasing an additional 777,519 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Deere & Company by 21.2% in the third quarter. Bank of New York Mellon Corp now owns 3,621,764 shares of the industrial products company’s stock worth $454,857,000 after purchasing an additional 634,001 shares during the period. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Shares of Deere & Company (DE) traded up $1.65 during trading hours on Thursday, reaching $166.59. 1,104,567 shares of the company traded hands, compared to its average volume of 2,120,000. Deere & Company has a one year low of $103.99 and a one year high of $168.44. The stock has a market capitalization of $53,480.00, a price-to-earnings ratio of 25.05, a PEG ratio of 2.46 and a beta of 0.77. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95.

Deere & Company (NYSE:DE) last announced its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.10. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The company had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.91 billion. During the same period in the previous year, the business earned $0.90 earnings per share. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. equities analysts predict that Deere & Company will post 7.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, December 29th will be given a $0.60 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.40 annualized dividend and a yield of 1.44%. Deere & Company’s dividend payout ratio (DPR) is presently 36.09%.

In other Deere & Company news, VP Mary K.W. Jones sold 34,136 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $124.72, for a total transaction of $4,257,441.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John C. May II sold 18,626 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $130.76, for a total transaction of $2,435,535.76. Following the sale, the insider now owns 37,462 shares of the company’s stock, valued at $4,898,531.12. The disclosure for this sale can be found here. Insiders sold 212,767 shares of company stock valued at $30,215,798 over the last quarter. 0.75% of the stock is owned by company insiders.

DE has been the topic of several research analyst reports. Deutsche Bank upped their price target on shares of Deere & Company from $129.00 to $149.00 and gave the stock a “hold” rating in a report on Thursday, November 16th. Zacks Investment Research raised shares of Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Thursday, November 2nd. Robert W. Baird raised shares of Deere & Company from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $140.00 to $155.00 in a report on Tuesday, November 21st. ValuEngine raised shares of Deere & Company from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $155.00 price target (up previously from $134.00) on shares of Deere & Company in a report on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. Deere & Company currently has an average rating of “Buy” and a consensus target price of $145.38.

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About Deere & Company

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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