Citizens Financial Group Inc. RI Cuts Position in Deere & Company (NYSE:DE)

Citizens Financial Group Inc. RI trimmed its position in Deere & Company (NYSE:DE) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,296 shares of the industrial products company’s stock after selling 278 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Deere & Company were worth $7,716,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Essex Savings Bank raised its holdings in shares of Deere & Company by 0.5% during the 4th quarter. Essex Savings Bank now owns 5,367 shares of the industrial products company’s stock valued at $2,146,000 after buying an additional 26 shares during the period. Valley National Advisers Inc. raised its holdings in shares of Deere & Company by 1.5% during the 4th quarter. Valley National Advisers Inc. now owns 1,879 shares of the industrial products company’s stock valued at $751,000 after buying an additional 27 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of Deere & Company by 0.5% during the 4th quarter. Bleakley Financial Group LLC now owns 5,158 shares of the industrial products company’s stock valued at $2,063,000 after buying an additional 27 shares during the period. Simplicity Solutions LLC raised its holdings in shares of Deere & Company by 0.5% during the 4th quarter. Simplicity Solutions LLC now owns 5,158 shares of the industrial products company’s stock valued at $2,063,000 after buying an additional 27 shares during the period. Finally, SageView Advisory Group LLC raised its holdings in shares of Deere & Company by 2.4% during the 3rd quarter. SageView Advisory Group LLC now owns 1,201 shares of the industrial products company’s stock valued at $453,000 after buying an additional 28 shares during the period. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on DE. Deutsche Bank Aktiengesellschaft dropped their price objective on Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Melius Research restated a “hold” rating on shares of Deere & Company in a report on Monday, January 8th. Stifel Nicolaus dropped their price objective on Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Melius downgraded Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Truist Financial started coverage on Deere & Company in a research report on Thursday, March 14th. They issued a “buy” rating and a $494.00 target price for the company. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $433.28.

Deere & Company Stock Down 0.2 %

Shares of Deere & Company stock opened at $393.33 on Friday. The business’s fifty day moving average price is $387.86 and its two-hundred day moving average price is $383.56. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81. The company has a market capitalization of $109.49 billion, a P/E ratio of 11.45, a PEG ratio of 1.48 and a beta of 1.04. Deere & Company has a 1-year low of $345.55 and a 1-year high of $450.00.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The company had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.30 billion. During the same quarter in the previous year, the business earned $6.55 EPS. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. As a group, research analysts forecast that Deere & Company will post 27.37 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date 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.