Trust Investment Advisors Has $1.32 Million Stock Position in Deere & Company (NYSE:DE)

Trust Investment Advisors lessened its stake in shares of Deere & Company (NYSE:DE) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,292 shares of the industrial products company’s stock after selling 44 shares during the period. Trust Investment Advisors’ holdings in Deere & Company were worth $1,316,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DE. Retirement Group LLC lifted its position in shares of Deere & Company by 264.7% in the 2nd quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 45 shares in the last quarter. Briaud Financial Planning Inc purchased a new stake in shares of Deere & Company in the third quarter valued at $25,000. Rakuten Securities Inc. acquired a new stake in shares of Deere & Company in the fourth quarter worth $28,000. ZRC Wealth Management LLC acquired a new stake in shares of Deere & Company in the fourth quarter worth $28,000. Finally, Worth Asset Management LLC purchased a new position in shares of Deere & Company during the first quarter valued at $28,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Performance

Shares of Deere & Company stock traded up $3.72 during trading on Thursday, reaching $400.60. The company’s stock had a trading volume of 1,546,065 shares, compared to its average volume of 1,500,990. Deere & Company has a one year low of $345.55 and a one year high of $450.00. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05. The firm has a market cap of $111.51 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04. The business’s fifty day moving average price is $385.17 and its 200-day moving average price is $382.66.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping the consensus estimate of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The company had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.30 billion. During the same period in the previous year, the business posted $6.55 EPS. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, equities research analysts predict that Deere & Company will post 27.39 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 1.47%. The ex-dividend date is Wednesday, March 27th. Deere & Company’s payout ratio is currently 17.12%.

Analyst Ratings Changes

DE has been the subject of several research analyst reports. Morgan Stanley assumed coverage on Deere & Company in a research note on Monday, January 8th. They issued an “overweight” rating and a $430.00 price objective for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Truist Financial assumed coverage on shares of Deere & Company in a research report on Thursday, March 14th. They issued a “buy” rating and a $494.00 target price for the company. Wells Fargo & Company lowered their price target on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a report on Friday, February 16th. Finally, Melius lowered Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $433.28.

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.