AMG National Trust Bank Has $954,000 Stock Holdings in Deere & Company (NYSE:DE)

AMG National Trust Bank reduced its position in shares of Deere & Company (NYSE:DE) by 10.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,285 shares of the industrial products company’s stock after selling 254 shares during the quarter. AMG National Trust Bank’s holdings in Deere & Company were worth $954,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pineridge Advisors LLC boosted its holdings in Deere & Company by 725.0% during the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 58 shares during the last quarter. Fairscale Capital LLC bought a new stake in shares of Deere & Company in the 2nd quarter worth approximately $26,000. Livelsberger Financial Advisory purchased a new position in Deere & Company in the third quarter valued at approximately $32,000. Olistico Wealth LLC purchased a new position in shares of Deere & Company during the 2nd quarter valued at $37,000. Finally, Centennial Bank AR raised its position in shares of Deere & Company by 420.0% in the second 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 during the period. Institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on DE. Hsbc Global Res cut shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Truist Financial upped their price target on shares of Deere & Company from $443.00 to $496.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. HSBC cut Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Bank of America boosted their price objective on Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Finally, BMO Capital Markets initiated coverage on shares of Deere & Company in a report on Friday, August 9th. They issued a “market perform” rating and a $400.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $420.69.

Deere & Company Price Performance

DE opened at $400.13 on Wednesday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07. The stock has a market capitalization of $109.47 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The stock’s 50 day moving average price is $404.63 and its 200-day moving average price is $385.69. Deere & Company has a 52-week low of $340.20 and a 52-week high of $420.47.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Monday, September 30th. Deere & Company’s payout ratio is currently 20.06%.

About Deere & Company

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.