Amarillo National Bank lowered its stake in shares of Deere & Company (NYSE:DE) by 10.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,575 shares of the industrial products company’s stock after selling 175 shares during the period. Amarillo National Bank’s holdings in Deere & Company were worth $252,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Destination Wealth Management increased its holdings in shares of Deere & Company by 20,500.0% during the 4th quarter. Destination Wealth Management now owns 206 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 205 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Deere & Company by 14,550.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,214,983 shares of the industrial products company’s stock valued at $35,000 after buying an additional 5,179,386 shares in the last quarter. Legacy Financial Advisors Inc. grew its holdings in Deere & Company by 155.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 238 shares of the industrial products company’s stock valued at $36,000 after buying an additional 145 shares in the last quarter. Athena Capital Advisors LLC acquired a new position in Deere & Company in the 4th quarter valued at $36,000. Finally, Lavaca Capital LLC acquired a new position in Deere & Company in the 4th quarter valued at $41,000. Institutional investors own 68.26% of the company’s stock.

Shares of DE traded up $0.72 during trading hours on Monday, hitting $162.18. 23,327 shares of the company were exchanged, compared to its average volume of 1,571,793. The firm has a market cap of $51.42 billion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 1.68 and a beta of 0.90. Deere & Company has a fifty-two week low of $128.32 and a fifty-two week high of $167.82. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.68 and a current ratio of 1.98.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Friday, February 15th. The industrial products company reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.22). Deere & Company had a return on equity of 28.83% and a net margin of 8.85%. The business had revenue of $6.94 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter in the prior year, the company earned $1.31 earnings per share. Deere & Company’s quarterly revenue was up 16.2% compared to the same quarter last year. On average, research analysts predict that Deere & Company will post 11.19 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, March 29th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $3.04 annualized dividend and a dividend yield of 1.87%. Deere & Company’s dividend payout ratio is currently 32.37%.

A number of research analysts have commented on DE shares. Credit Suisse Group decreased their price objective on Deere & Company from $211.00 to $209.00 and set an “outperform” rating on the stock in a report on Tuesday, February 19th. Bank of America lowered Deere & Company from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $173.00 to $170.00 in a report on Wednesday, February 13th. DZ Bank lowered Deere & Company from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Argus increased their target price on Deere & Company to $175.00 and gave the stock a “buy” rating in a report on Wednesday, February 20th. Finally, OTR Global raised Deere & Company to a “positive” rating in a report on Friday, January 18th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $176.73.

In related news, insider John C. May II sold 11,661 shares of the company’s stock in a transaction on Thursday, January 17th. The stock was sold at an average price of $160.21, for a total transaction of $1,868,208.81. Following the completion of the sale, the insider now directly owns 55,743 shares in the company, valued at approximately $8,930,586.03. The sale was disclosed in a filing with the SEC, which is available through this link. 0.71% of the stock is owned by corporate insiders.

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About Deere & Company

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.

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

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