Peoples Financial Services CORP. Has $1.32 Million Stock Position in Deere & Company (NYSE:DE)

Peoples Financial Services CORP. decreased its position in shares of Deere & Company (NYSE:DE) by 4.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,121 shares of the industrial products company’s stock after selling 139 shares during the period. Peoples Financial Services CORP.’s holdings in Deere & Company were worth $1,322,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. lifted its position in shares of Deere & Company by 2.1% in the second quarter. Federated Hermes Inc. now owns 15,896 shares of the industrial products company’s stock worth $5,939,000 after buying an additional 332 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Deere & Company by 12.7% in the second quarter. Envestnet Asset Management Inc. now owns 303,541 shares of the industrial products company’s stock worth $113,412,000 after buying an additional 34,262 shares during the last quarter. One Capital Management LLC acquired a new stake in shares of Deere & Company in the second quarter worth about $272,000. Excalibur Management Corp lifted its position in shares of Deere & Company by 32.0% in the second quarter. Excalibur Management Corp now owns 2,183 shares of the industrial products company’s stock worth $816,000 after buying an additional 529 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its position in shares of Deere & Company by 7.4% in the second quarter. Moors & Cabot Inc. now owns 16,406 shares of the industrial products company’s stock worth $6,130,000 after buying an additional 1,137 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

DE stock opened at $432.17 on Wednesday. The firm has a market cap of $118.24 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 1.88 and a beta of 0.96. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. Deere & Company has a 12-month low of $340.20 and a 12-month high of $469.39. The company’s fifty day simple moving average is $429.20 and its 200 day simple moving average is $400.87.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.66. 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 for the quarter, compared to analyst estimates of $9.20 billion. During the same quarter in the previous year, the business earned $8.26 earnings per share. Deere & Company’s revenue for the quarter was down 32.8% on a year-over-year basis. On average, analysts expect that Deere & Company will post 19.41 earnings per share for the current year.

Deere & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. The ex-dividend date is Tuesday, December 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.50%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio is currently 22.97%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DE shares. UBS Group boosted their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. boosted their price objective on Deere & Company from $420.00 to $450.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Jefferies Financial Group cut Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective for the company. in a research report on Friday, December 6th. Oppenheimer boosted their price objective on Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Finally, Barclays boosted their price objective on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Deere & Company currently has an average rating of “Hold” and a consensus target price of $441.72.

About Deere & Company

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.