First Bank & Trust Has $823,000 Stock Position in Deere & Company (NYSE:DE)

First Bank & Trust increased its position in shares of Deere & Company (NYSE:DE) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,943 shares of the industrial products company’s stock after buying an additional 95 shares during the quarter. First Bank & Trust’s holdings in Deere & Company were worth $823,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pineridge Advisors LLC raised its stake in Deere & Company by 60.5% during the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after buying an additional 26 shares during the period. Modus Advisors LLC acquired a new position in Deere & Company during the 4th quarter worth approximately $32,000. YANKCOM Partnership acquired a new position in Deere & Company during the 4th quarter worth approximately $34,000. Synergy Asset Management LLC acquired a new position in Deere & Company during the 4th quarter worth approximately $35,000. Finally, Continuum Advisory LLC raised its stake in shares of Deere & Company by 155.8% in the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DE shares. Evercore ISI increased their price objective on Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a research note on Wednesday. Morgan Stanley increased their price objective on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Truist Financial reissued a “buy” rating and issued a $546.00 price objective (down from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. Oppenheimer increased their price objective on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, UBS Group increased their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Deere & Company has an average rating of “Hold” and a consensus price target of $454.65.

Insider Buying and Selling at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the sale, the insider now owns 74,878 shares in the company, valued at $37,484,675.58. This represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is owned by corporate insiders.

Deere & Company Price Performance

Shares of NYSE DE opened at $509.54 on Thursday. The stock has a fifty day simple moving average of $449.95 and a two-hundred day simple moving average of $419.37. Deere & Company has a 1-year low of $340.20 and a 1-year high of $515.05. The firm has a market cap of $138.77 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 2.96 and a beta of 0.98. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. Analysts anticipate that Deere & Company will post 19.35 earnings per share for the current year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.27%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date was Tuesday, December 31st. Deere & Company’s dividend payout ratio is 28.72%.

Deere & Company 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.