Heartland Bank & Trust Co Reduces Stock Position in Deere & Company $DE

Heartland Bank & Trust Co lessened its position in shares of Deere & Company (NYSE:DE) by 20.4% during the 2nd quarter, Holdings Channel reports. The firm owned 699 shares of the industrial products company’s stock after selling 179 shares during the quarter. Heartland Bank & Trust Co’s holdings in Deere & Company were worth $355,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Activest Wealth Management grew its stake in Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 55 shares during the last quarter. Hughes Financial Services LLC acquired a new position in shares of Deere & Company in the 1st quarter valued at about $29,000. Cornerstone Planning Group LLC lifted its holdings in shares of Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after buying an additional 36 shares during the period. Marshall & Sullivan Inc. WA acquired a new position in shares of Deere & Company in the 2nd quarter valued at about $38,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Deere & Company in the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

DE has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price objective on Deere & Company from $500.00 to $495.00 and set a “neutral” rating for the company in a report on Tuesday, September 2nd. Oppenheimer decreased their price objective on Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. Truist Financial boosted their price objective on Deere & Company from $602.00 to $609.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Evercore ISI set a $491.00 price objective on Deere & Company in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus target price of $513.88.

Deere & Company Stock Performance

NYSE DE opened at $439.00 on Tuesday. The stock has a market capitalization of $118.67 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.87 and a beta of 1.02. Deere & Company has a twelve month low of $387.03 and a twelve month high of $533.78. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The stock has a 50-day moving average of $477.70 and a 200 day moving average of $488.26.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. The company had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.Deere & Company’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.29 EPS. Sell-side analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.5%. Deere & Company’s dividend payout ratio is presently 33.87%.

Deere & Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.