Coastline Trust Co Sells 25 Shares of Deere & Company $DE

Coastline Trust Co decreased its holdings in shares of Deere & Company (NYSE:DE) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,408 shares of the industrial products company’s stock after selling 25 shares during the period. Coastline Trust Co’s holdings in Deere & Company were worth $1,224,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in Deere & Company by 39.1% during the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after buying an additional 1,278 shares during the period. AdvisorNet Financial Inc lifted its position in Deere & Company by 11.3% during the first quarter. AdvisorNet Financial Inc now owns 1,535 shares of the industrial products company’s stock valued at $721,000 after buying an additional 156 shares during the period. Parallel Advisors LLC lifted its position in Deere & Company by 9.9% during the first quarter. Parallel Advisors LLC now owns 3,270 shares of the industrial products company’s stock valued at $1,535,000 after buying an additional 295 shares during the period. BTC Capital Management Inc. grew its stake in shares of Deere & Company by 0.8% in the 1st quarter. BTC Capital Management Inc. now owns 21,273 shares of the industrial products company’s stock worth $9,986,000 after buying an additional 175 shares during the last quarter. Finally, IVC Wealth Advisors LLC purchased a new stake in shares of Deere & Company in the 1st quarter worth approximately $218,000. Institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DE. Melius Research upgraded Deere & Company from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 6th. Evercore ISI set a $491.00 target price on Deere & Company in a research note on Tuesday, August 19th. Truist Financial cut their target price on Deere & Company from $619.00 to $602.00 and set a “buy” rating on the stock in a research note on Friday, August 15th. Wall Street Zen downgraded Deere & Company from a “hold” rating to a “sell” rating in a research note on Friday. Finally, DA Davidson cut their target price on Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $518.06.

Deere & Company Price Performance

NYSE DE opened at $463.93 on Friday. The business’s fifty day moving average price is $489.67 and its 200-day moving average price is $489.78. The stock has a market capitalization of $125.41 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 2.99 and a beta of 1.00. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. Deere & Company has a 1-year low of $387.03 and a 1-year high of $533.78.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.13. The firm had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The company’s revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.29 EPS. On average, equities analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company’s dividend payout ratio is presently 33.87%.

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.