Commerce Bank Sells 35 Shares of Deere & Company (NYSE:DE)

Commerce Bank lessened its holdings in Deere & Company (NYSE:DE) by 0.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,130 shares of the industrial products company’s stock after selling 35 shares during the period. Commerce Bank’s holdings in Deere & Company were worth $53,472,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Crewe Advisors LLC purchased a new stake in Deere & Company in the 1st quarter valued at about $69,000. LGT Group Foundation purchased a new position in Deere & Company in the first quarter worth $115,000. EP Wealth Advisors LLC grew its stake in Deere & Company by 19.0% in the 1st quarter. EP Wealth Advisors LLC now owns 2,879 shares of the industrial products company’s stock valued at $1,183,000 after purchasing an additional 460 shares during the period. Axxcess Wealth Management LLC increased its position in shares of Deere & Company by 3.0% during the 1st quarter. Axxcess Wealth Management LLC now owns 7,609 shares of the industrial products company’s stock valued at $3,125,000 after purchasing an additional 223 shares during the last quarter. Finally, Capital International Inc. CA raised its stake in shares of Deere & Company by 24.9% during the 1st quarter. Capital International Inc. CA now owns 6,661 shares of the industrial products company’s stock worth $2,736,000 after purchasing an additional 1,326 shares during the period. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

DE stock opened at $400.13 on Wednesday. Deere & Company has a one year low of $340.20 and a one year high of $420.47. The firm has a market cap of $109.47 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 1.52 and a beta of 0.93. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07. The firm has a 50-day simple moving average of $404.63 and a two-hundred day simple moving average of $385.69.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Monday, September 30th. Deere & Company’s dividend payout ratio (DPR) is presently 20.06%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DE shares. Citigroup raised their price objective on shares of Deere & Company from $395.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Morgan Stanley dropped their price objective on Deere & Company from $450.00 to $425.00 and set an “overweight” rating on the stock in a research note on Monday, August 26th. JPMorgan Chase & Co. boosted their target price on Deere & Company from $360.00 to $420.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. HSBC cut Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Hsbc Global Res cut Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Deere & Company has a consensus rating of “Hold” and an average target price 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.