Hancock Whitney Corp Sells 291 Shares of Deere & Company (NYSE:DE)

Hancock Whitney Corp trimmed its holdings in Deere & Company (NYSE:DE) by 1.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,927 shares of the industrial products company’s stock after selling 291 shares during the period. Hancock Whitney Corp’s holdings in Deere & Company were worth $2,546,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Whittier Trust Co. grew its holdings in shares of Deere & Company by 0.3% in the fourth quarter. Whittier Trust Co. now owns 24,423 shares of the industrial products company’s stock valued at $3,643,000 after purchasing an additional 62 shares during the period. Sowell Financial Services LLC boosted its stake in Deere & Company by 2.2% during the fourth quarter. Sowell Financial Services LLC now owns 3,060 shares of the industrial products company’s stock worth $457,000 after buying an additional 66 shares during the period. First Manhattan Co. boosted its stake in Deere & Company by 4.2% during the first quarter. First Manhattan Co. now owns 1,699 shares of the industrial products company’s stock worth $271,000 after buying an additional 68 shares during the period. Enterprise Financial Services Corp boosted its stake in Deere & Company by 2.5% during the first quarter. Enterprise Financial Services Corp now owns 2,838 shares of the industrial products company’s stock worth $454,000 after buying an additional 68 shares during the period. Finally, Penserra Capital Management LLC boosted its stake in shares of Deere & Company by 12.2% in the first quarter. Penserra Capital Management LLC now owns 646 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 68.10% of the company’s stock.

NYSE:DE traded down $1.16 during mid-day trading on Wednesday, hitting $148.84. The stock had a trading volume of 29,579 shares, compared to its average volume of 2,082,093. The stock has a market cap of $47.13 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.84 and a beta of 1.02. Deere & Company has a twelve month low of $128.32 and a twelve month high of $169.99. The company has a quick ratio of 1.66, a current ratio of 1.94 and a debt-to-equity ratio of 2.37.



Deere & Company (NYSE:DE) last issued its earnings results on Friday, May 17th. The industrial products company reported $3.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.57 by ($0.05). The firm had revenue of $10.27 billion during the quarter, compared to analyst estimates of $10.19 billion. Deere & Company had a net margin of 8.52% and a return on equity of 28.76%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $3.14 EPS. On average, equities analysts anticipate that Deere & Company will post 10.27 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Friday, June 28th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $3.04 annualized dividend and a yield of 2.04%. Deere & Company’s dividend payout ratio (DPR) is 32.37%.

Several research firms have recently commented on DE. Credit Suisse Group lowered their price objective on shares of Deere & Company from $209.00 to $176.00 and set an “outperform” rating for the company in a research note on Monday, May 20th. Morgan Stanley lowered their price objective on shares of Deere & Company from $192.00 to $158.00 and set an “overweight” rating for the company in a research note on Monday, May 20th. Zacks Investment Research raised shares of Deere & Company from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a research note on Thursday, February 14th. Deutsche Bank lowered their price objective on shares of Deere & Company from $159.00 to $148.00 and set a “hold” rating for the company in a research note on Monday, May 20th. Finally, UBS Group lowered their price objective on shares of Deere & Company from $177.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $162.29.

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Deere & Company Profile

Deere & Company 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 offers agriculture and turf equipment, and related 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; and tillage, seeding, and application equipment.

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

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