First Financial Bankshares Inc Has $345,000 Stake in Deere & Company (NYSE:DE)

First Financial Bankshares Inc lowered its stake in shares of Deere & Company (NYSE:DE) by 8.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 827 shares of the industrial products company’s stock after selling 81 shares during the period. First Financial Bankshares Inc’s holdings in Deere & Company were worth $345,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Fairscale Capital LLC bought a new position in Deere & Company in the second quarter valued at approximately $26,000. Pineridge Advisors LLC boosted its holdings in shares of Deere & Company by 725.0% during the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock worth $27,000 after buying an additional 58 shares during the period. Livelsberger Financial Advisory bought a new stake in shares of Deere & Company during the 3rd quarter worth about $32,000. Olistico Wealth LLC bought a new stake in Deere & Company in the 2nd quarter valued at about $37,000. Finally, Centennial Bank AR lifted its holdings in shares of Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Down 0.8 %

DE stock opened at $407.93 on Monday. Deere & Company has a 1-year low of $340.20 and a 1-year high of $420.47. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87. The company has a market capitalization of $112.41 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 1.35 and a beta of 0.92. The business has a 50 day simple moving average of $397.89 and a two-hundred day simple moving average of $385.17.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.63 by $0.66. The company had revenue of $11.39 billion during the quarter, compared to the consensus estimate of $10.94 billion. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. Deere & Company’s revenue was down 20.3% on a year-over-year basis. During the same period last year, the company earned $10.20 earnings per share. Research analysts anticipate that Deere & Company will post 25.03 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, September 30th will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Monday, September 30th. Deere & Company’s payout ratio is 17.70%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DE. Evercore ISI upped their price objective on shares of Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a research report on Monday, August 19th. Truist Financial raised their price objective on shares of Deere & Company from $443.00 to $496.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on shares of Deere & Company from $360.00 to $420.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Finally, BMO Capital Markets assumed coverage on shares of Deere & Company in a research report on Friday, August 9th. They issued a “market perform” rating and a $400.00 price objective for the company. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $420.69.

Deere & Company 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.