Associated Banc Corp Sells 152 Shares of Deere & Company (NYSE:DE)

Associated Banc Corp reduced its holdings in shares of Deere & Company (NYSE:DE) by 10.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,336 shares of the industrial products company’s stock after selling 152 shares during the quarter. Associated Banc Corp’s holdings in Deere & Company were worth $558,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Pineridge Advisors LLC grew its holdings in shares of Deere & Company by 725.0% during the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Fairscale Capital LLC bought a new position in Deere & Company in the 2nd quarter valued at approximately $26,000. Livelsberger Financial Advisory acquired a new stake in Deere & Company in the third quarter valued at approximately $32,000. Olistico Wealth LLC bought a new stake in shares of Deere & Company during the second quarter worth $37,000. Finally, Centennial Bank AR increased its holdings in shares of Deere & Company by 420.0% during the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after buying an additional 84 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DE has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft cut their price objective on Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Evercore ISI boosted their price target on Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a report on Monday, August 19th. BMO Capital Markets assumed coverage on shares of Deere & Company in a report on Friday, August 9th. They issued a “market perform” rating and a $400.00 price objective for the company. UBS Group lifted their target price on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Barclays upped their price target on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday. Thirteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $433.00.

Deere & Company Stock Up 3.6 %

Shares of Deere & Company stock opened at $462.81 on Tuesday. The stock’s 50-day moving average is $408.35 and its 200 day moving average is $386.60. Deere & Company has a one year low of $340.20 and a one year high of $469.39. The firm has a market cap of $126.62 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.75 and a beta of 0.93. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.90 by $0.65. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The company’s revenue for the quarter was down 32.8% compared to the same quarter last year. During the same period in the prior year, the business earned $8.26 EPS. Equities research analysts anticipate that Deere & Company will post 21.31 EPS for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Monday, September 30th. Deere & Company’s payout ratio is 22.97%.

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.