First National Corp MA ADV Sells 209 Shares of Deere & Company (NYSE:DE)

First National Corp MA ADV cut its holdings in Deere & Company (NYSE:DE) by 24.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 630 shares of the industrial products company’s stock after selling 209 shares during the period. First National Corp MA ADV’s holdings in Deere & Company were worth $263,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. True Wealth Design LLC lifted its stake in shares of Deere & Company by 1,180.0% in the fourth quarter. True Wealth Design LLC now owns 64 shares of the industrial products company’s stock worth $26,000 after buying an additional 59 shares during the last quarter. Pineridge Advisors LLC grew its position in shares of Deere & Company by 725.0% in the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Fairscale Capital LLC acquired a new stake in shares of Deere & Company in the second quarter valued at about $26,000. Livelsberger Financial Advisory bought a new stake in Deere & Company during the 4th quarter valued at approximately $30,000. Finally, Spartan Planning & Wealth Management acquired a new stake in Deere & Company in the 4th quarter valued at approximately $33,000. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Raymond James assumed coverage on shares of Deere & Company in a research report on Friday, June 28th. They issued an “outperform” rating and a $420.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on shares of Deere & Company from $375.00 to $360.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. BMO Capital Markets started coverage on Deere & Company in a research report on Friday, August 9th. They set a “market perform” rating and a $400.00 target price on the stock. Finally, Evercore ISI upped their price target on Deere & Company from $371.00 to $378.00 and gave the company an “in-line” rating in a report on Monday, August 19th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $410.50.

Deere & Company Price Performance

Shares of NYSE:DE traded up $3.23 during trading on Wednesday, reaching $403.51. The stock had a trading volume of 101,295 shares, compared to its average volume of 1,488,847. The stock has a market capitalization of $111.20 billion, a PE ratio of 12.05, a P/E/G ratio of 1.36 and a beta of 0.92. Deere & Company has a 52 week low of $340.20 and a 52 week high of $420.47. The business’s 50-day moving average price is $384.24 and its 200 day moving average price is $385.16. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, topping the consensus estimate of $5.63 by $0.66. The company had revenue of $11.39 billion for the quarter, compared to analysts’ expectations of $10.94 billion. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The business’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $10.20 earnings per share. As a group, equities analysts predict that Deere & Company will post 25.03 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be paid a dividend of $1.47 per share. The ex-dividend date is Monday, September 30th. This represents a $5.88 annualized dividend and a dividend yield of 1.46%. Deere & Company’s dividend payout ratio (DPR) is currently 17.70%.

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.