Community Bank N.A. Has $1.94 Million Position in Deere & Company (NYSE:DE)

Community Bank N.A. boosted its position in shares of Deere & Company (NYSE:DE) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,576 shares of the industrial products company’s stock after purchasing an additional 163 shares during the quarter. Community Bank N.A.’s holdings in Deere & Company were worth $1,939,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DE. Pineridge Advisors LLC boosted its holdings in shares of Deere & Company by 60.5% in the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after buying an additional 26 shares during the period. Modus Advisors LLC acquired a new position in shares of Deere & Company in the fourth quarter valued at approximately $32,000. YANKCOM Partnership acquired a new position in shares of Deere & Company in the fourth quarter valued at approximately $34,000. Synergy Asset Management LLC acquired a new position in shares of Deere & Company in the fourth quarter valued at approximately $35,000. Finally, Continuum Advisory LLC boosted its holdings 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 valued at $43,000 after buying an additional 67 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Insiders Place Their Bets

In other news, insider Rajesh Kalathur sold 24,580 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value of $12,304,993.80. Following the sale, the insider now directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Deere & Company Trading Down 1.1 %

DE stock opened at $471.90 on Friday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The company’s 50-day simple moving average is $473.25 and its 200 day simple moving average is $436.57. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05. The company has a market capitalization of $128.08 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. As a group, sell-side analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.37%. Deere & Company’s payout ratio is 28.72%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DE shares. Oppenheimer boosted their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Evercore ISI boosted their price objective on shares of Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Citigroup upped their price target on shares of Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Argus set a $510.00 price target on shares of Deere & Company in a research report on Friday, March 7th. Finally, StockNews.com lowered shares of Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Deere & Company has an average rating of “Hold” and an average target price of $460.00.

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.