TNB Financial lowered its stake in Deere & Company (NYSE:DE) by 25.9% in the 4th quarter, HoldingsChannel reports. The fund owned 1,720 shares of the industrial products company’s stock after selling 600 shares during the quarter. TNB Financial’s holdings in Deere & Company were worth $269,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Pillar Pacific Capital Management LLC increased its stake in Deere & Company by 0.7% during the 4th quarter. Pillar Pacific Capital Management LLC now owns 46,477 shares of the industrial products company’s stock valued at $7,274,000 after purchasing an additional 310 shares in the last quarter. Dupont Capital Management Corp increased its stake in Deere & Company by 22.8% during the 4th quarter. Dupont Capital Management Corp now owns 1,681 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 312 shares in the last quarter. Advisor Partners LLC increased its stake in Deere & Company by 4.4% during the 4th quarter. Advisor Partners LLC now owns 7,730 shares of the industrial products company’s stock valued at $1,317,000 after purchasing an additional 323 shares in the last quarter. V Wealth Management LLC increased its stake in Deere & Company by 6.9% during the 4th quarter. V Wealth Management LLC now owns 5,634 shares of the industrial products company’s stock valued at $950,000 after purchasing an additional 364 shares in the last quarter. Finally, Culbertson A N & Co. Inc. increased its stake in Deere & Company by 2.1% during the 4th quarter. Culbertson A N & Co. Inc. now owns 18,919 shares of the industrial products company’s stock valued at $2,961,000 after purchasing an additional 395 shares in the last quarter. Institutional investors own 67.28% of the company’s stock.

Deere & Company (NYSE:DE) opened at $161.44 on Thursday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.95 and a current ratio of 2.12. The stock has a market cap of $52,328.86, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 2.42 and a beta of 0.75. Deere & Company has a fifty-two week low of $106.72 and a fifty-two week high of $171.96.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.10. The firm had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.91 billion. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 EPS. sell-side analysts anticipate that Deere & Company will post 8.15 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Friday, December 29th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Thursday, December 28th. Deere & Company’s dividend payout ratio (DPR) is currently 36.14%.

A number of brokerages have commented on DE. ValuEngine upgraded shares of Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vetr upgraded shares of Deere & Company from a “buy” rating to a “strong-buy” rating and set a $177.25 price target for the company in a research note on Monday. Wells Fargo & Co restated an “outperform” rating and set a $200.00 price target (up previously from $170.00) on shares of Deere & Company in a research note on Wednesday, January 10th. Royal Bank of Canada upgraded shares of Deere & Company from a “sector perform” rating to an “outperform” rating and decreased their price target for the company from $190.00 to $155.00 in a research note on Wednesday, January 10th. Finally, Barclays upgraded shares of Deere & Company from a “sector perform” rating to an “outperform” rating and set a $171.00 price target for the company in a research note on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $155.21.

In related news, insider James M. Field sold 48,427 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $147.98, for a total value of $7,166,227.46. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Mary K.W. Jones sold 34,136 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $124.72, for a total transaction of $4,257,441.92. The disclosure for this sale can be found here. Insiders sold a total of 187,603 shares of company stock worth $28,058,143 over the last three months. 0.74% of the stock is owned by insiders.

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About Deere & Company

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

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

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