Trust Co. of Toledo NA OH Has $11.03 Million Position in Deere & Company $DE

Trust Co. of Toledo NA OH boosted its holdings in Deere & Company (NYSE:DE) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,691 shares of the industrial products company’s stock after acquiring an additional 27 shares during the quarter. Deere & Company accounts for about 1.2% of Trust Co. of Toledo NA OH’s investment portfolio, making the stock its 13th biggest position. Trust Co. of Toledo NA OH’s holdings in Deere & Company were worth $11,030,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Eastern Bank boosted its holdings in Deere & Company by 21.1% during the second quarter. Eastern Bank now owns 4,739 shares of the industrial products company’s stock valued at $2,410,000 after purchasing an additional 826 shares in the last quarter. Aberdeen Group plc lifted its position in shares of Deere & Company by 2.7% during the 2nd quarter. Aberdeen Group plc now owns 274,993 shares of the industrial products company’s stock worth $139,779,000 after buying an additional 7,184 shares during the period. PDS Planning Inc lifted its position in shares of Deere & Company by 2.0% during the 2nd quarter. PDS Planning Inc now owns 6,491 shares of the industrial products company’s stock worth $3,301,000 after buying an additional 130 shares during the period. JB Capital LLC boosted its stake in Deere & Company by 20.3% in the 2nd quarter. JB Capital LLC now owns 610 shares of the industrial products company’s stock valued at $310,000 after buying an additional 103 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Deere & Company by 2.6% in the second quarter. Blue Trust Inc. now owns 3,797 shares of the industrial products company’s stock valued at $1,931,000 after acquiring an additional 95 shares during the period. Institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Down 2.1%

DE opened at $446.76 on Friday. Deere & Company has a 1-year low of $387.03 and a 1-year high of $533.78. The stock has a market capitalization of $120.77 billion, a PE ratio of 23.35, a PEG ratio of 2.94 and a beta of 1.02. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The firm has a 50-day moving average price of $479.15 and a two-hundred day moving average price of $488.35.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating the consensus estimate of $4.62 by $0.13. The business had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. Deere & Company’s revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.29 earnings per share. As a group, equities analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is 33.87%.

Analyst Upgrades and Downgrades

DE has been the subject of a number of analyst reports. Wolfe Research cut their price objective on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. JPMorgan Chase & Co. dropped their target price on shares of Deere & Company from $500.00 to $495.00 and set a “neutral” rating for the company in a research report on Tuesday, September 2nd. Evercore ISI set a $491.00 price target on shares of Deere & Company in a research report on Tuesday, August 19th. DA Davidson decreased their price objective on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. Finally, Citigroup cut their target price on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Deere & Company presently has an average rating of “Moderate Buy” and a consensus target price of $513.88.

Deere & Company Profile

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.