Wesbanco Bank Inc. Has $7.94 Million Holdings in Deere & Company (NYSE:DE)

Wesbanco Bank Inc. lifted its holdings in shares of Deere & Company (NYSE:DE) by 0.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 18,735 shares of the industrial products company’s stock after acquiring an additional 98 shares during the period. Wesbanco Bank Inc.’s holdings in Deere & Company were worth $7,938,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Modus Advisors LLC acquired a new stake in Deere & Company in the 4th quarter valued at about $32,000. Livelsberger Financial Advisory acquired a new position in Deere & Company during the third quarter valued at approximately $32,000. Centennial Bank AR lifted its stake in Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after buying an additional 84 shares in the last quarter. Continuum Advisory LLC lifted its stake in Deere & Company by 155.8% in the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after buying an additional 67 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of Deere & Company in the third quarter worth $47,000. 68.58% of the stock is owned by institutional investors.

Deere & Company Stock Performance

DE stock opened at $459.55 on Thursday. The firm has a market cap of $125.16 billion, a PE ratio of 17.95, a P/E/G ratio of 2.86 and a beta of 0.98. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. The business has a 50 day moving average of $433.94 and a 200-day moving average of $403.91. Deere & Company has a 12-month low of $340.20 and a 12-month high of $469.39.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. During the same period in the prior year, the company earned $8.26 earnings per share. Deere & Company’s revenue was down 32.8% compared to the same quarter last year. As a group, sell-side analysts expect that Deere & Company will post 19.34 earnings per share for the current year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.41%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company’s dividend payout ratio is 25.31%.

Wall Street Analysts Forecast Growth

DE has been the topic of several research reports. Jefferies Financial Group downgraded shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective on the stock. in a report on Friday, December 6th. Barclays boosted their price target on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Morgan Stanley boosted their price objective on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. UBS Group boosted their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Finally, Citigroup reduced their price target on Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $442.83.

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.