First National Bank of Mount Dora Trust Investment Services Lowers Holdings in Deere & Company (NYSE:DE)

First National Bank of Mount Dora Trust Investment Services lessened its stake in shares of Deere & Company (NYSE:DE) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,300 shares of the industrial products company’s stock after selling 950 shares during the period. Deere & Company accounts for approximately 2.6% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 11th biggest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Deere & Company were worth $5,838,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. QCI Asset Management Inc. NY grew its stake in shares of Deere & Company by 18.8% in the 2nd quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock valued at $117,000 after buying an additional 150 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in shares of Deere & Company in the 3rd quarter valued at approximately $144,000. Harfst & Associates Inc. grew its stake in shares of Deere & Company by 44.2% in the 2nd quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock valued at $145,000 after buying an additional 360 shares during the period. YorkBridge Wealth Partners LLC grew its stake in shares of Deere & Company by 1.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock valued at $154,000 after buying an additional 13 shares during the period. Finally, San Francisco Sentry Investment Group CA purchased a new stake in shares of Deere & Company in the 2nd quarter valued at approximately $155,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

In other Deere & Company news, insider Cory J. Reed sold 6,416 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $151.54, for a total transaction of $972,280.64. Following the transaction, the insider now directly owns 11,383 shares of the company’s stock, valued at approximately $1,724,979.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mary K.W. Jones sold 34,136 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $124.72, for a total transaction of $4,257,441.92. The disclosure for this sale can be found here. Insiders have sold a total of 212,767 shares of company stock worth $30,215,798 over the last quarter. 0.75% of the stock is owned by company insiders.

Shares of Deere & Company (DE) opened at $169.30 on Monday. Deere & Company has a one year low of $104.10 and a one year high of $170.73. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.95 and a current ratio of 2.12. The company has a market cap of $54,400.00, a price-to-earnings ratio of 25.46, a P/E/G ratio of 2.56 and a beta of 0.77.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.10. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The firm had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.91 billion. During the same period last year, the business earned $0.90 EPS. Deere & Company’s revenue for the quarter was up 25.6% compared to the same quarter last year. analysts predict that Deere & Company will post 8.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, December 29th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.40 annualized dividend and a yield of 1.42%. Deere & Company’s dividend payout ratio is currently 36.09%.

DE has been the subject of a number of research analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $185.00 price objective on shares of Deere & Company in a research report on Friday. Royal Bank of Canada raised shares of Deere & Company from a “sector perform” rating to an “outperform” rating and lowered their price objective for the stock from $190.00 to $155.00 in a research report on Wednesday, January 10th. Wells Fargo & Co reiterated an “outperform” rating and set a $200.00 target price (up from $170.00) on shares of Deere & Company in a report on Wednesday, January 10th. Barclays upgraded shares of Deere & Company from a “sector perform” rating to an “outperform” rating and set a $171.00 target price on the stock in a report on Wednesday, January 10th. Finally, ValuEngine upgraded shares of Deere & Company from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $146.88.

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About Deere & Company

Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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