Deere & Company $DE Shares Bought by AMG National Trust Bank

AMG National Trust Bank grew its position in shares of Deere & Company (NYSE:DE) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,099 shares of the industrial products company’s stock after acquiring an additional 60 shares during the quarter. AMG National Trust Bank’s holdings in Deere & Company were worth $1,576,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Deere & Company during the second quarter valued at $25,000. Activest Wealth Management boosted its holdings in shares of Deere & Company by 2,750.0% during the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 55 shares during the period. Hughes Financial Services LLC acquired a new position in shares of Deere & Company during the first quarter valued at $29,000. Cornerstone Planning Group LLC boosted its holdings in shares of Deere & Company by 116.1% during the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 36 shares during the period. Finally, Marshall & Sullivan Inc. WA acquired a new stake in Deere & Company in the second quarter worth about $38,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of NYSE DE opened at $461.41 on Friday. Deere & Company has a twelve month low of $387.03 and a twelve month high of $533.78. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $124.73 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 3.05 and a beta of 1.02. The firm has a 50-day moving average of $467.74 and a two-hundred day moving average of $489.49.

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

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a 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%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DE. Jefferies Financial Group reduced their price objective on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating for the company in a report on Wednesday, October 8th. Wolfe Research reduced their price objective on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. UBS Group reaffirmed a “buy” rating on shares of Deere & Company in a report on Tuesday. Finally, DA Davidson reduced their price objective on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating for the company in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $518.72.

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.