Community Bank N.A. Grows Position in Deere & Company (NYSE:DE)

Community Bank N.A. boosted its stake in shares of Deere & Company (NYSE:DE) by 13.0% during the third quarter, HoldingsChannel.com reports. The firm owned 4,413 shares of the industrial products company’s stock after acquiring an additional 507 shares during the period. Community Bank N.A.’s holdings in Deere & Company were worth $1,842,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in DE. Fairscale Capital LLC acquired a new stake in shares of Deere & Company in the second quarter worth $26,000. Livelsberger Financial Advisory purchased a new position in Deere & Company in the 3rd quarter valued at about $32,000. Olistico Wealth LLC purchased a new stake in shares of Deere & Company during the second quarter worth about $37,000. Centennial Bank AR grew its stake in Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 84 shares in the last quarter. Finally, Briaud Financial Planning Inc raised its holdings in Deere & Company by 73.5% in the second quarter. Briaud Financial Planning Inc now owns 118 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 50 shares in the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Trading Down 0.0 %

NYSE:DE opened at $465.90 on Monday. Deere & Company has a 1 year low of $340.20 and a 1 year high of $469.39. The business has a fifty day moving average of $413.25 and a 200-day moving average of $388.13. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The stock has a market cap of $127.47 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.99 and a beta of 0.93.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.90 by $0.65. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. During the same period last year, the firm posted $8.26 earnings per share. The business’s revenue was down 32.8% on a year-over-year basis. Equities analysts predict that Deere & Company will post 19.52 earnings per share for the current year.

Analyst Ratings Changes

DE has been the subject of several research analyst reports. Oppenheimer upped their target price on shares of Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Bank of America increased their target price on Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Barclays boosted their price target on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Truist Financial upped their price target on Deere & Company from $496.00 to $538.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Twelve equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $436.41.

Deere & Company Company Profile

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.