Deere & Company $DE Shares Acquired by Country Trust Bank

Country Trust Bank increased its holdings in Deere & Company (NYSE:DE) by 538.5% during the second quarter, HoldingsChannel.com reports. The fund owned 2,554 shares of the industrial products company’s stock after buying an additional 2,154 shares during the period. Country Trust Bank’s holdings in Deere & Company were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. OLD National Bancorp IN grew its stake in shares of Deere & Company by 2.6% in the 2nd quarter. OLD National Bancorp IN now owns 24,000 shares of the industrial products company’s stock valued at $12,204,000 after purchasing an additional 610 shares during the last quarter. Providence Capital Advisors LLC lifted its holdings in shares of Deere & Company by 2.1% during the first quarter. Providence Capital Advisors LLC now owns 14,639 shares of the industrial products company’s stock worth $6,871,000 after purchasing an additional 303 shares during the period. Bragg Financial Advisors Inc grew its position in Deere & Company by 12.7% in the 1st quarter. Bragg Financial Advisors Inc now owns 7,213 shares of the industrial products company’s stock valued at $3,386,000 after buying an additional 813 shares during the last quarter. ASR Vermogensbeheer N.V. acquired a new position in Deere & Company in the 1st quarter valued at $13,588,000. Finally, United Asset Strategies Inc. purchased a new position in Deere & Company during the 1st quarter worth $2,496,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of NYSE DE opened at $498.47 on Wednesday. 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’s 50-day moving average price is $467.28 and its 200 day moving average price is $491.09. Deere & Company has a 52 week low of $403.01 and a 52 week high of $533.78. The stock has a market cap of $134.75 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 3.05 and a beta of 1.04.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DE. Evercore ISI cut their price target on shares of Deere & Company from $491.00 to $487.00 in a report on Monday, November 17th. Zacks Research downgraded Deere & Company from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. JPMorgan Chase & Co. decreased their price target on Deere & Company from $495.00 to $480.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Citigroup cut their price objective on Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. Finally, Royal Bank Of Canada assumed coverage on shares of Deere & Company in a research report on Wednesday, October 22nd. They set an “outperform” rating and a $542.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Deere & Company presently has an average rating of “Moderate Buy” and a consensus target price of $519.85.

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.