Stock Yards Bank & Trust Co. Sells 197 Shares of Deere & Company (NYSE:DE)

Stock Yards Bank & Trust Co. cut its holdings in Deere & Company (NYSE:DE) by 1.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 11,292 shares of the industrial products company’s stock after selling 197 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Deere & Company were worth $4,515,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Briaud Financial Planning Inc bought a new position in Deere & Company in the third quarter valued at approximately $25,000. Rakuten Securities Inc. bought a new position in shares of Deere & Company during the fourth quarter worth $28,000. Naples Money Management LLC bought a new position in shares of Deere & Company during the fourth quarter worth $29,000. ZRC Wealth Management LLC bought a new position in shares of Deere & Company during the fourth quarter worth $28,000. Finally, Milestone Investment Advisors LLC bought a new position in shares of Deere & Company during the third quarter worth $37,000. 68.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Melius lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Stifel Nicolaus dropped their price objective on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Finally, Evercore ISI raised their price objective on shares of Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $433.28.

Deere & Company Stock Down 0.2 %

Shares of DE stock opened at $399.61 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 1.81. Deere & Company has a 1 year low of $345.55 and a 1 year high of $450.00. The firm’s fifty day moving average price is $386.06 and its two-hundred day moving average price is $383.26. The firm has a market capitalization of $111.24 billion, a P/E ratio of 11.64, a PEG ratio of 1.50 and a beta of 1.04.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The company had revenue of $10.49 billion during the quarter, compared to the consensus estimate of $10.30 billion. During the same quarter last year, the firm posted $6.55 EPS. The company’s quarterly revenue was down 8.0% on a year-over-year basis. On average, equities analysts predict that Deere & Company will post 27.4 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is presently 17.12%.

Deere & 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.