Peoples Bank OH Has $1.11 Million Stock Position in Deere & Company (NYSE:DE)

Peoples Bank OH reduced its holdings in Deere & Company (NYSE:DE) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,615 shares of the industrial products company’s stock after selling 30 shares during the quarter. Peoples Bank OH’s holdings in Deere & Company were worth $1,108,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. First Bank & Trust boosted its holdings in shares of Deere & Company by 5.1% in the 4th quarter. First Bank & Trust now owns 1,943 shares of the industrial products company’s stock worth $823,000 after acquiring an additional 95 shares in the last quarter. Advyzon Investment Management LLC acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $203,000. Handelsbanken Fonder AB boosted its holdings in shares of Deere & Company by 3.6% in the 4th quarter. Handelsbanken Fonder AB now owns 94,119 shares of the industrial products company’s stock worth $39,878,000 after acquiring an additional 3,248 shares in the last quarter. Wealth Alliance acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $209,000. Finally, Sunpointe LLC boosted its holdings in shares of Deere & Company by 9.0% in the 4th quarter. Sunpointe LLC now owns 705 shares of the industrial products company’s stock worth $300,000 after acquiring an additional 58 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DE has been the topic of several recent analyst reports. Barclays boosted their target price on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. StockNews.com cut shares of Deere & Company from a “hold” rating to a “sell” rating in a research report on Thursday. UBS Group boosted their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Finally, Citigroup boosted their price objective on shares of Deere & Company from $430.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $454.65.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $496.28 on Friday. The firm has a fifty day moving average of $451.08 and a two-hundred day moving average of $419.90. The stock has a market capitalization of $135.16 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 2.17 and a beta of 0.98. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. As a group, equities research analysts predict that Deere & Company will post 19.3 EPS for the current year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Tuesday, December 31st were given a $1.62 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio is currently 28.72%.

Insider Activity at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value of $12,304,993.80. Following the completion of the sale, the insider now owns 74,878 shares in the company, valued at $37,484,675.58. This represents a 24.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by corporate insiders.

Deere & 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.