First Citizens Financial Corp Takes Position in Deere & Company (NYSE:DE)

First Citizens Financial Corp acquired a new stake in Deere & Company (NYSE:DE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,152 shares of the industrial products company’s stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Stillwater Investment Management LLC raised its holdings in Deere & Company by 0.3% during the third quarter. Stillwater Investment Management LLC now owns 15,198 shares of the industrial products company’s stock worth $3,368,000 after purchasing an additional 46 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in Deere & Company by 3.2% during the third quarter. Cornerstone Wealth Management LLC now owns 1,635 shares of the industrial products company’s stock worth $362,000 after purchasing an additional 51 shares in the last quarter. IFP Advisors Inc raised its holdings in Deere & Company by 2.6% during the second quarter. IFP Advisors Inc now owns 2,162 shares of the industrial products company’s stock worth $331,000 after purchasing an additional 55 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in Deere & Company by 3.2% during the second quarter. Wealthcare Advisory Partners LLC now owns 1,822 shares of the industrial products company’s stock worth $286,000 after purchasing an additional 57 shares in the last quarter. Finally, WealthPLAN Partners LLC raised its holdings in Deere & Company by 2.3% during the second quarter. WealthPLAN Partners LLC now owns 2,695 shares of the industrial products company’s stock worth $511,000 after purchasing an additional 60 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

In related news, insider Pentz Markwart Von sold 9,912 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $185.00, for a total value of $1,833,720.00. Following the sale, the insider now directly owns 70,324 shares in the company, valued at approximately $13,009,940. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Rajesh Kalathur sold 10,760 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $180.00, for a total transaction of $1,936,800.00. Following the completion of the sale, the insider now owns 62,131 shares in the company, valued at $11,183,580. The disclosure for this sale can be found here. Insiders have sold a total of 28,668 shares of company stock worth $5,435,047 over the last 90 days. Insiders own 0.70% of the company’s stock.

DE traded up $1.82 during trading on Friday, hitting $240.06. The stock had a trading volume of 1,652,689 shares, compared to its average volume of 1,803,626. The firm has a market capitalization of $75.23 billion, a P/E ratio of 27.98, a PEG ratio of 3.84 and a beta of 0.92. Deere & Company has a twelve month low of $106.14 and a twelve month high of $243.40. The company’s 50-day moving average price is $220.30 and its 200 day moving average price is $173.20. The company has a debt-to-equity ratio of 2.64, a quick ratio of 2.03 and a current ratio of 2.26.

Deere & Company (NYSE:DE) last issued its earnings results on Friday, August 21st. The industrial products company reported $2.57 EPS for the quarter, topping the consensus estimate of $1.26 by $1.31. The company had revenue of $7.86 billion for the quarter, compared to analyst estimates of $6.70 billion. Deere & Company had a net margin of 7.61% and a return on equity of 22.24%. The business’s revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.71 EPS. As a group, equities analysts expect that Deere & Company will post 7.54 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $3.04 annualized dividend and a dividend yield of 1.27%. Deere & Company’s payout ratio is currently 30.58%.

DE has been the topic of a number of research analyst reports. Credit Suisse Group raised their price objective on shares of Deere & Company from $179.00 to $223.00 and gave the stock an “outperform” rating in a report on Monday, August 24th. Barclays lifted their target price on shares of Deere & Company from $180.00 to $215.00 and gave the company an “overweight” rating in a report on Monday, August 24th. Citigroup lifted their target price on shares of Deere & Company from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Monday, October 12th. Jefferies Financial Group lifted their target price on shares of Deere & Company from $165.00 to $200.00 and gave the company a “buy” rating in a report on Friday, July 17th. Finally, Wells Fargo & Company lifted their target price on shares of Deere & Company from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Tuesday, September 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $216.08.

Deere & Company Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment provides various agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural management systems technology and solutions; and other outdoor power products.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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