First Financial Corp IN Sells 289 Shares of Deere & Company (NYSE:DE)

First Financial Corp IN cut its holdings in Deere & Company (NYSE:DEFree Report) by 54.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 240 shares of the industrial products company’s stock after selling 289 shares during the period. First Financial Corp IN’s holdings in Deere & Company were worth $99,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DE. Norges Bank purchased a new position in Deere & Company during the fourth quarter valued at $1,248,036,000. International Assets Investment Management LLC lifted its holdings in shares of Deere & Company by 46,241.1% in the 4th quarter. International Assets Investment Management LLC now owns 840,627 shares of the industrial products company’s stock worth $336,142,000 after acquiring an additional 838,813 shares during the last quarter. Parnassus Investments LLC lifted its holdings in shares of Deere & Company by 22.4% in the 4th quarter. Parnassus Investments LLC now owns 3,856,171 shares of the industrial products company’s stock worth $1,541,967,000 after acquiring an additional 705,771 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Deere & Company by 11.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,595,945 shares of the industrial products company’s stock valued at $638,167,000 after buying an additional 160,369 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in Deere & Company by 11.3% during the 4th quarter. Fisher Asset Management LLC now owns 1,481,458 shares of the industrial products company’s stock valued at $592,391,000 after buying an additional 150,713 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Daiwa Capital Markets boosted their target price on shares of Deere & Company from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Truist Financial initiated coverage on shares of Deere & Company in a report on Thursday, March 14th. They issued a “buy” rating and a $494.00 price objective for the company. DA Davidson reduced their price target on shares of Deere & Company from $483.00 to $465.00 and set a “buy” rating on the stock in a research report on Monday, May 20th. TD Cowen lifted their price target on shares of Deere & Company from $383.00 to $390.00 and gave the stock a “hold” rating in a research note on Friday, May 17th. Finally, Morgan Stanley raised their price objective on shares of Deere & Company from $430.00 to $450.00 in a report on Wednesday, May 15th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Deere & Company has a consensus rating of “Moderate Buy” and a consensus price target of $433.36.

Get Our Latest Report on Deere & Company

Deere & Company Trading Down 2.3 %

NYSE:DE traded down $8.71 on Tuesday, reaching $369.46. The stock had a trading volume of 1,648,078 shares, compared to its average volume of 1,467,098. Deere & Company has a 12-month low of $353.15 and a 12-month high of $450.00. The firm’s fifty day moving average is $387.23 and its two-hundred day moving average is $387.04. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.01 and a quick ratio of 1.80. The company has a market cap of $101.81 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 1.51 and a beta of 0.98.

Deere & Company (NYSE:DEGet Free Report) last posted its quarterly earnings data on Thursday, May 16th. The industrial products company reported $8.53 EPS for the quarter, beating analysts’ consensus estimates of $7.86 by $0.67. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. The company had revenue of $13.61 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter in the prior year, the company posted $9.65 EPS. The company’s quarterly revenue was down 15.4% compared to the same quarter last year. Equities analysts expect that Deere & Company will post 25.61 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 28th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, June 28th. Deere & Company’s dividend payout ratio (DPR) is presently 17.70%.

Insider Buying and Selling

In related news, insider Cory J. Reed sold 13,370 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $377.63, for a total transaction of $5,048,913.10. Following the completion of the sale, the insider now owns 41,642 shares of the company’s stock, valued at approximately $15,725,268.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Deere & Company Company Profile

(Free Report)

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.

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

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