OLD Second National Bank of Aurora Acquires 1,008 Shares of Deere & Company (NYSE:DE)

OLD Second National Bank of Aurora boosted its holdings in shares of Deere & Company (NYSE:DE) by 23.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,256 shares of the industrial products company’s stock after acquiring an additional 1,008 shares during the period. OLD Second National Bank of Aurora’s holdings in Deere & Company were worth $2,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DE. Pinnacle Associates Ltd. boosted its holdings in shares of Deere & Company by 21.3% in the 4th quarter. Pinnacle Associates Ltd. now owns 5,355 shares of the industrial products company’s stock valued at $2,141,000 after buying an additional 939 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of Deere & Company by 2.4% in the 3rd quarter. Penserra Capital Management LLC now owns 236,696 shares of the industrial products company’s stock valued at $89,322,000 after purchasing an additional 5,485 shares during the last quarter. New Mexico Educational Retirement Board raised its position in shares of Deere & Company by 6.9% in the 3rd quarter. New Mexico Educational Retirement Board now owns 14,002 shares of the industrial products company’s stock valued at $5,284,000 after purchasing an additional 900 shares during the last quarter. Centric Wealth Management purchased a new position in shares of Deere & Company in the 3rd quarter valued at approximately $2,640,000. Finally, Graham Capital Management L.P. raised its position in shares of Deere & Company by 483.3% in the 3rd quarter. Graham Capital Management L.P. now owns 17,500 shares of the industrial products company’s stock valued at $6,604,000 after purchasing an additional 14,500 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Price Performance

Deere & Company stock traded up $4.96 during trading on Thursday, reaching $401.84. The company had a trading volume of 248,550 shares, compared to its average volume of 1,483,297. Deere & Company has a 1-year low of $345.55 and a 1-year high of $450.00. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05. The firm’s 50-day simple moving average is $385.17 and its 200 day simple moving average is $382.66. The firm has a market capitalization of $111.86 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 EPS for the quarter, topping the consensus estimate of $5.19 by $1.04. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The business had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. During the same quarter in the previous year, the firm earned $6.55 EPS. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Deere & Company will post 27.39 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be issued a dividend of $1.47 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.88 annualized dividend and a dividend yield of 1.46%. Deere & Company’s dividend payout ratio is presently 17.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DE shares. JPMorgan Chase & Co. raised their price target on shares of Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Morgan Stanley started coverage on shares of Deere & Company in a research report on Monday, January 8th. They set an “overweight” rating and a $430.00 price target for the company. Evercore ISI raised their price target on shares of Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 20th. Citigroup reduced their price target on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Deere & Company presently has an average rating of “Hold” and a consensus target price of $433.28.

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.