Canandaigua National Bank & Trust Co. decreased its stake in shares of Deere & Co. (NYSE:DE) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,839 shares of the company’s stock after selling 739 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Deere & Co. were worth $1,284,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DE. Sun Life Financial INC acquired a new position in Deere & Co. during the first quarter valued at $63,594,000. Washington Trust Bank raised its position in Deere & Co. by 59.0% in the second quarter. Washington Trust Bank now owns 1,240 shares of the company’s stock valued at $100,000 after buying an additional 460 shares during the period. Meeder Asset Management Inc. acquired a new position in Deere & Co. during the first quarter valued at $142,000. Iowa State Bank acquired a new position in Deere & Co. during the second quarter valued at $151,000. Finally, Exane Derivatives raised its position in Deere & Co. by 4.6% in the first quarter. Exane Derivatives now owns 1,909 shares of the company’s stock valued at $147,000 after buying an additional 84 shares during the period. Institutional investors own 70.65% of the company’s stock.

Shares of Deere & Co. (NYSE:DE) traded up 0.44% during trading on Tuesday, reaching $82.47. 1,918,242 shares of the company were exchanged. The stock has a market capitalization of $25.93 billion, a price-to-earnings ratio of 16.53 and a beta of 1.05. The company has a 50 day moving average price of $81.88 and a 200-day moving average price of $81.79. Deere & Co. has a one year low of $70.16 and a one year high of $88.63.

Deere & Co. (NYSE:DE) last issued its quarterly earnings data on Friday, August 19th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.61. Deere & Co. had a return on equity of 22.73% and a net margin of 5.92%. The business earned $6.72 billion during the quarter. During the same quarter in the prior year, the firm posted $1.53 earnings per share. Deere & Co.’s revenue for the quarter was down 14.3% compared to the same quarter last year. Equities analysts predict that Deere & Co. will post $4.30 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Friday, September 30th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Wednesday, September 28th. Deere & Co.’s dividend payout ratio (DPR) is currently 48.10%.

Several research firms have recently weighed in on DE. Vetr lowered shares of Deere & Co. from a “strong-buy” rating to a “buy” rating and set a $83.39 price objective for the company. in a research report on Tuesday, May 24th. Piper Jaffray Cos. raised their target price on shares of Deere & Co. from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Monday, May 23rd. Barclays PLC reiterated an “underweight” rating and issued a $63.00 target price on shares of Deere & Co. in a report on Wednesday, May 25th. Cowen and Company upgraded shares of Deere & Co. from a “market perform” rating to an “outperform” rating and set a $50.50 target price for the company in a report on Tuesday, May 24th. Finally, Jefferies Group reiterated a “hold” rating on shares of Deere & Co. in a report on Tuesday, May 24th. Eight research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $81.61.

Deere & Co. Company Profile

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts.

5 Day Chart for NYSE:DE

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