Midwest Trust Co Sells 1,568 Shares of Deere & Company $DE

Midwest Trust Co lowered its holdings in Deere & Company (NYSE:DEFree Report) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,869 shares of the industrial products company’s stock after selling 1,568 shares during the period. Midwest Trust Co’s holdings in Deere & Company were worth $18,562,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. M&T Bank Corp lifted its holdings in shares of Deere & Company by 1,199.8% during the 4th quarter. M&T Bank Corp now owns 1,864,701 shares of the industrial products company’s stock worth $868,149,000 after acquiring an additional 1,721,239 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Deere & Company by 278.0% during the 3rd quarter. Van ECK Associates Corp now owns 487,697 shares of the industrial products company’s stock worth $223,005,000 after acquiring an additional 358,687 shares during the period. Invesco Ltd. lifted its holdings in shares of Deere & Company by 21.7% during the 3rd quarter. Invesco Ltd. now owns 1,815,007 shares of the industrial products company’s stock worth $829,930,000 after acquiring an additional 323,512 shares during the period. Capital World Investors lifted its holdings in shares of Deere & Company by 5.5% during the 3rd quarter. Capital World Investors now owns 6,233,740 shares of the industrial products company’s stock worth $2,850,687,000 after acquiring an additional 322,582 shares during the period. Finally, Two Sigma Investments LP bought a new stake in shares of Deere & Company during the 3rd quarter worth approximately $143,519,000. Institutional investors own 68.58% of the company’s stock.

Key Deere & Company News

Here are the key news stories impacting Deere & Company this week:

Analysts Set New Price Targets

DE has been the subject of a number of recent analyst reports. UBS Group upped their price target on shares of Deere & Company from $535.00 to $775.00 and gave the stock a “buy” rating in a report on Friday, February 20th. JPMorgan Chase & Co. upped their price target on shares of Deere & Company from $525.00 to $550.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. Sanford C. Bernstein upped their price target on shares of Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a report on Friday, February 20th. Bank of America upped their price target on shares of Deere & Company from $502.00 to $672.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Finally, Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Sixteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Deere & Company has a consensus rating of “Moderate Buy” and an average target price of $655.45.

Check Out Our Latest Stock Report on Deere & Company

Deere & Company Price Performance

DE stock opened at $574.70 on Friday. The company has a 50 day simple moving average of $586.28 and a 200 day simple moving average of $532.75. The stock has a market cap of $155.23 billion, a price-to-earnings ratio of 32.40, a P/E/G ratio of 2.01 and a beta of 0.96. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.21 and a quick ratio of 1.96.

Deere & Company (NYSE:DEGet Free Report) last released its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.52. The business had revenue of $9.61 billion during the quarter, compared to analysts’ expectations of $7.50 billion. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.19 EPS. Research analysts anticipate that Deere & Company will post 18.01 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Tuesday, March 31st were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, March 31st. Deere & Company’s dividend payout ratio is currently 36.53%.

Deere & Company Company Profile

(Free Report)

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.

Further Reading

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

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