Deere & Company (NYSE:DE) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. decreased its holdings in shares of Deere & Company (NYSE:DE) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,292 shares of the industrial products company’s stock after selling 197 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Deere & Company were worth $4,515,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc purchased a new stake in shares of Deere & Company during the third quarter worth about $25,000. ZRC Wealth Management LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth about $28,000. Rakuten Securities Inc. bought a new stake in Deere & Company in the fourth quarter valued at about $28,000. Naples Money Management LLC bought a new stake in Deere & Company in the fourth quarter valued at about $29,000. Finally, Milestone Investment Advisors LLC bought a new stake in Deere & Company in the third quarter valued at about $37,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

DE has been the subject of several research analyst reports. Stifel Nicolaus lowered their price objective on Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a report on Friday, February 16th. Melius Research reissued a “hold” rating on shares of Deere & Company in a report on Monday, January 8th. Citigroup lowered their price objective on Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a report on Friday, February 16th. Evercore ISI lifted their target price on Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $433.28.

Deere & Company Stock Performance

Shares of NYSE DE opened at $399.61 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 1.81. The stock has a 50 day simple moving average of $386.06 and a 200-day simple moving average of $383.26. The company has a market cap of $111.24 billion, a PE ratio of 11.64, a P/E/G ratio of 1.50 and a beta of 1.04. Deere & Company has a 12-month low of $345.55 and a 12-month high of $450.00.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The business’s revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $6.55 earnings per share. On average, equities research analysts forecast that Deere & Company will post 27.4 EPS for the current year.

Deere & Company Dividend Announcement

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

About Deere & Company

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.