Deere & Company (NYSE:DE) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. cut its holdings in shares of Deere & Company (NYSE:DEGet Rating) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,547 shares of the industrial products company’s stock after selling 91 shares during the quarter. Fulton Bank N.A.’s holdings in Deere & Company were worth $762,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GoalVest Advisory LLC raised its stake in Deere & Company by 19,833.3% during the second quarter. GoalVest Advisory LLC now owns 598 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 595 shares during the period. Wiley BROS. Aintree Capital LLC raised its stake in Deere & Company by 3.3% during the second quarter. Wiley BROS. Aintree Capital LLC now owns 2,504 shares of the industrial products company’s stock worth $745,000 after purchasing an additional 81 shares during the period. Park National Corp OH raised its stake in Deere & Company by 1.7% during the second quarter. Park National Corp OH now owns 55,478 shares of the industrial products company’s stock worth $16,614,000 after purchasing an additional 905 shares during the period. Amalgamated Bank raised its stake in Deere & Company by 4.4% during the first quarter. Amalgamated Bank now owns 74,312 shares of the industrial products company’s stock worth $30,874,000 after purchasing an additional 3,102 shares during the period. Finally, Offit Capital Advisors LLC raised its stake in Deere & Company by 4.7% during the first quarter. Offit Capital Advisors LLC now owns 1,394 shares of the industrial products company’s stock worth $579,000 after purchasing an additional 62 shares during the period. 75.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Marc A. Howze sold 4,019 shares of the company’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $373.22, for a total value of $1,499,971.18. Following the completion of the transaction, the chief accounting officer now owns 17,321 shares in the company, valued at approximately $6,464,543.62. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.24% of the stock is currently owned by company insiders.

Deere & Company Trading Down 1.2 %

NYSE DE opened at $354.50 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.97 and a debt-to-equity ratio of 1.69. Deere & Company has a 52 week low of $283.81 and a 52 week high of $446.76. The stock has a market capitalization of $107.00 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.24 and a beta of 1.06. The firm has a 50 day moving average of $347.14 and a two-hundred day moving average of $363.50.

Deere & Company (NYSE:DEGet Rating) last posted its quarterly earnings results on Friday, August 19th. The industrial products company reported $6.16 EPS for the quarter, missing the consensus estimate of $6.61 by ($0.45). Deere & Company had a return on equity of 33.26% and a net margin of 12.75%. The firm had revenue of $13 billion for the quarter, compared to analyst estimates of $12.84 billion. During the same quarter last year, the firm earned $5.32 EPS. The company’s revenue was up 24.8% on a year-over-year basis. As a group, research analysts expect that Deere & Company will post 22.94 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 8th. Shareholders of record on Friday, September 30th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, September 29th. Deere & Company’s dividend payout ratio (DPR) is presently 22.59%.

Wall Street Analysts Forecast Growth

DE has been the topic of a number of analyst reports. Credit Suisse Group lifted their target price on shares of Deere & Company from $393.00 to $447.00 and gave the stock an “outperform” rating in a research note on Monday, August 22nd. The Goldman Sachs Group reduced their price target on shares of Deere & Company from $480.00 to $420.00 and set a “buy” rating on the stock in a research note on Monday, May 23rd. Robert W. Baird reduced their price target on shares of Deere & Company from $487.00 to $442.00 and set an “outperform” rating on the stock in a research note on Sunday, May 22nd. JPMorgan Chase & Co. reduced their price target on shares of Deere & Company from $370.00 to $325.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 12th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Deere & Company from $388.00 to $386.00 in a research note on Monday, August 22nd. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $407.68.

Deere & Company Profile

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Deere & Company manufactures and distributes 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 mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, 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.

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

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