Trust Co. of Toledo NA OH Raises Stock Holdings in Deere & Company (NYSE:DE)

Trust Co. of Toledo NA OH boosted its position in Deere & Company (NYSE:DE) by 14.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,614 shares of the industrial products company’s stock after acquiring an additional 2,723 shares during the period. Deere & Company accounts for 1.2% of Trust Co. of Toledo NA OH’s investment portfolio, making the stock its 16th biggest position. Trust Co. of Toledo NA OH’s holdings in Deere & Company were worth $9,158,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DE. Fairscale Capital LLC bought a new position in Deere & Company in the 2nd quarter worth $26,000. Livelsberger Financial Advisory purchased a new stake in Deere & Company in the third quarter worth about $32,000. Modus Advisors LLC purchased a new position in shares of Deere & Company during the 4th quarter worth approximately $32,000. Centennial Bank AR boosted its position in shares of Deere & Company by 420.0% during the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 84 shares in the last quarter. Finally, Continuum Advisory LLC boosted its stake in Deere & Company by 155.8% during the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DE shares. Oppenheimer lifted their target price on Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Truist Financial raised their price target on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Jefferies Financial Group cut shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a report on Friday, December 6th. Citigroup increased their price target on Deere & Company from $460.00 to $470.00 and gave the company a “neutral” rating in a report on Monday, December 9th. Finally, UBS Group lifted their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $443.94.

Deere & Company Price Performance

NYSE DE traded up $13.09 during trading on Monday, hitting $421.66. 395,916 shares of the stock traded hands, compared to its average volume of 1,012,824. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. Deere & Company has a 12-month low of $340.20 and a 12-month high of $469.39. The firm has a 50-day simple moving average of $427.99 and a 200-day simple moving average of $400.08. The company has a market capitalization of $115.37 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, beating the consensus estimate of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. During the same quarter last year, the business earned $8.26 earnings per share. Deere & Company’s quarterly revenue was down 32.8% compared to the same quarter last year. As a group, analysts predict that Deere & Company will post 19.41 EPS for the current year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be given a dividend of $1.62 per share. The ex-dividend date is Tuesday, December 31st. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a yield of 1.54%. Deere & Company’s dividend payout ratio is 22.97%.

About Deere & Company

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.