Community Bank & Trust Waco Texas Has $1.28 Million Position in Deere & Company (NYSE:DE)

Community Bank & Trust Waco Texas reduced its stake in shares of Deere & Company (NYSE:DE) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,015 shares of the industrial products company’s stock after selling 60 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Deere & Company were worth $1,277,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Pineridge Advisors LLC boosted its holdings in shares of Deere & Company by 60.5% during the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 26 shares during the period. Modus Advisors LLC bought a new position in Deere & Company during the fourth quarter valued at approximately $32,000. Livelsberger Financial Advisory bought a new position in Deere & Company during the third quarter valued at approximately $32,000. YANKCOM Partnership bought a new position in Deere & Company during the fourth quarter valued at approximately $34,000. Finally, Synergy Asset Management LLC bought a new position in Deere & Company during the fourth quarter valued at approximately $35,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Deere & Company from $470.00 to $500.00 and gave the company a “neutral” rating in a research report on Monday. Oppenheimer raised their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Truist Financial raised their price objective on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Morgan Stanley boosted their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Finally, Citigroup lowered their target price on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $446.17.

Deere & Company Stock Performance

Deere & Company stock opened at $470.22 on Tuesday. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The stock has a fifty day moving average price of $445.00 and a two-hundred day moving average price of $413.46. Deere & Company has a 52-week low of $340.20 and a 52-week high of $485.84. The firm has a market capitalization of $128.06 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.87 and a beta of 0.98.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.66. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.20 billion. During the same period in the prior year, the company posted $8.26 earnings per share. The business’s revenue for the quarter was down 32.8% compared to the same quarter last year. As a group, analysts anticipate that Deere & Company will post 19.38 EPS for the current fiscal year.

Deere & Company Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st were paid a $1.62 dividend. The ex-dividend date was Tuesday, December 31st. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.38%. Deere & Company’s dividend payout ratio (DPR) is 25.31%.

Deere & Company 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.