Chevy Chase Trust Holdings Inc. decreased its position in Deere & Co. (NYSE:DE) by 5.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,073 shares of the company’s stock after selling 13,672 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.08% of Deere & Co. worth $20,661,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in DE. Washington Trust Bank raised its position in Deere & Co. by 59.0% in the second quarter. Washington Trust Bank now owns 1,240 shares of the company’s stock worth $100,000 after buying an additional 460 shares during the period. FineMark National Bank & Trust raised its position in Deere & Co. by 1.8% in the second quarter. FineMark National Bank & Trust now owns 1,451 shares of the company’s stock worth $118,000 after buying an additional 26 shares during the period. Signaturefd LLC raised its position in Deere & Co. by 1.3% in the second quarter. Signaturefd LLC now owns 1,610 shares of the company’s stock worth $130,000 after buying an additional 21 shares during the period. Iowa State Bank bought a new position in Deere & Co. during the second quarter worth $151,000. Finally, Farmers National Bank bought a new position in Deere & Co. during the second quarter worth $168,000. 70.56% of the stock is currently owned by institutional investors.

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

Deere & Co. (NYSE:DE) traded up 0.21% during mid-day trading on Friday, reaching $91.96. The company’s stock had a trading volume of 2,398,470 shares. Deere & Co. has a 52 week low of $70.16 and a 52 week high of $92.99. The firm has a 50-day moving average of $86.71 and a 200-day moving average of $83.44. The stock has a market capitalization of $28.91 billion, a price-to-earnings ratio of 18.43 and a beta of 0.71.

Deere & Co. (NYSE:DE) last announced its earnings results on Friday, August 19th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $0.94 by $0.61. The business earned $6.72 billion during the quarter. Deere & Co. had a net margin of 5.92% and a return on equity of 22.73%. The business’s quarterly revenue was down 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.53 EPS. On average, equities research analysts expect that Deere & Co. will post $4.32 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Friday, September 30th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Wednesday, September 28th. Deere & Co.’s payout ratio is 48.10%.

Several equities research analysts recently issued reports on DE shares. Zacks Investment Research upgraded Deere & Co. from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a report on Tuesday, November 15th. Robert W. Baird downgraded Deere & Co. from an “outperform” rating to a “neutral” rating in a report on Monday, November 14th. RBC Capital Markets started coverage on Deere & Co. in a report on Thursday, November 10th. They issued an “outperform” rating on the stock. Mizuho downgraded Deere & Co. from a “buy” rating to a “neutral” rating in a report on Wednesday, November 9th. Finally, Argus boosted their price objective on Deere & Co. from $90.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, August 23rd. Eight investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company. Deere & Co. currently has an average rating of “Hold” and an average target price of $84.60.

Deere & Co. Company Profile

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

5 Day Chart for NYSE:DE

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