Deere & Company $DE Shares Bought by Trust Co of Kansas

Trust Co of Kansas increased its holdings in shares of Deere & Company (NYSE:DE) by 17.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,879 shares of the industrial products company’s stock after purchasing an additional 1,593 shares during the period. Deere & Company makes up 2.3% of Trust Co of Kansas’ holdings, making the stock its 19th biggest position. Trust Co of Kansas’ holdings in Deere & Company were worth $5,065,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DE. Strategic Advocates LLC acquired a new position in shares of Deere & Company in the 3rd quarter valued at about $25,000. Key Capital Management INC acquired a new stake in Deere & Company during the fourth quarter worth about $27,000. McIlrath & Eck LLC acquired a new stake in Deere & Company during the fourth quarter worth about $30,000. Wealth Watch Advisors INC purchased a new position in Deere & Company during the third quarter valued at approximately $32,000. Finally, Tucker Asset Management LLC purchased a new position in Deere & Company during the fourth quarter valued at approximately $34,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DE. Truist Financial dropped their price objective on shares of Deere & Company from $793.00 to $759.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. Citigroup reduced their price objective on shares of Deere & Company from $625.00 to $595.00 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Bank of America decreased their target price on Deere & Company from $672.00 to $607.50 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. JPMorgan Chase & Co. raised their price target on shares of Deere & Company from $560.00 to $590.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Sanford C. Bernstein lifted their price objective on Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $639.58.

Deere & Company Stock Up 0.1%

Shares of NYSE DE opened at $583.80 on Monday. The business’s 50 day moving average is $572.86 and its two-hundred day moving average is $546.09. Deere & Company has a 52-week low of $433.00 and a 52-week high of $674.19. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. The firm has a market cap of $157.59 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 2.16 and a beta of 0.92.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, beating analysts’ consensus estimates of $5.70 by $0.85. The company had revenue of $13.37 billion during the quarter, compared to analysts’ expectations of $11.55 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.Deere & Company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the business posted $6.64 EPS. Research analysts predict that Deere & Company will post 18.08 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, June 30th. Deere & Company’s dividend payout ratio (DPR) is presently 36.71%.

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.