First National Trust Co Sells 306 Shares of Deere & Company (NYSE:DE)

First National Trust Co decreased its stake in shares of Deere & Company (NYSE:DE) by 11.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,454 shares of the industrial products company’s stock after selling 306 shares during the period. First National Trust Co’s holdings in Deere & Company were worth $981,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC increased its position in Deere & Company by 46,241.1% during the fourth quarter. International Assets Investment Management LLC now owns 840,627 shares of the industrial products company’s stock worth $336,142,000 after acquiring an additional 838,813 shares during the period. FMR LLC grew its position in shares of Deere & Company by 6.6% during the 3rd quarter. FMR LLC now owns 4,374,282 shares of the industrial products company’s stock worth $1,650,767,000 after purchasing an additional 269,571 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Deere & Company by 11.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,480,725 shares of the industrial products company’s stock worth $592,098,000 after purchasing an additional 149,980 shares during the period. Quadrature Capital Ltd raised its position in shares of Deere & Company by 94.0% in the third quarter. Quadrature Capital Ltd now owns 301,396 shares of the industrial products company’s stock valued at $113,759,000 after buying an additional 146,069 shares in the last quarter. Finally, Ceredex Value Advisors LLC bought a new stake in shares of Deere & Company in the fourth quarter valued at approximately $43,384,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 1.3 %

NYSE DE traded up $5.00 on Friday, hitting $400.96. The company’s stock had a trading volume of 1,626,960 shares, compared to its average volume of 1,337,641. The company’s 50-day moving average is $391.45 and its 200 day moving average is $383.91. The firm has a market cap of $111.61 billion, a PE ratio of 11.68, a PEG ratio of 1.51 and a beta of 1.04. Deere & Company has a 1-year low of $345.55 and a 1-year high of $450.00. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. The business had revenue of $10.49 billion during the quarter, compared to the consensus estimate of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. Deere & Company’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $6.55 earnings per share. As a group, analysts predict that Deere & Company will post 27.37 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

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

Analysts Set New Price Targets

DE has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price objective on Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a research note on Friday, February 16th. Stifel Nicolaus cut their price objective on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a research report on Friday, February 16th. JPMorgan Chase & Co. increased their price objective on shares of Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Evercore ISI boosted their target price on shares of Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a research report on Tuesday, February 20th. Finally, Morgan Stanley assumed coverage on shares of Deere & Company in a research report on Monday, January 8th. They set an “overweight” rating and a $430.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $433.28.

Deere & 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.