Fulton Bank lowered its stake in Deere & Company (NYSE:DE) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,175 shares of the company’s stock after selling 509 shares during the period. Fulton Bank’s holdings in Deere & Company were worth $624,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in DE. Crow Point Partners increased its stake in shares of Deere & Company by 27.3% in the third quarter. Crow Point Partners now owns 420 shares of the company’s stock valued at $31,000 after buying an additional 90 shares during the period. Kistler-Tiffany Companies increased its stake in shares of Deere & Company by 18.1% in the fourth quarter. Kistler-Tiffany Companies now owns 2,351 shares of the company’s stock valued at $195,000 after buying an additional 361 shares during the period. Centre Asset Management bought a new stake in shares of Deere & Company during the fourth quarter valued at approximately $204,000. Baker Avenue Asset Management increased its stake in shares of Deere & Company by 3.1% in the third quarter. Baker Avenue Asset Management now owns 6,966 shares of the company’s stock valued at $515,000 after buying an additional 210 shares during the period. Finally, Palo Capital increased its stake in shares of Deere & Company by 7.5% in the third quarter. Palo Capital now owns 12,050 shares of the company’s stock valued at $892,000 after buying an additional 840 shares during the period.

Shares of Deere & Company (NYSE:DE) traded up 1.60% during midday trading on Thursday, reaching $74.81. The company had a trading volume of 2,208,695 shares. Deere & Company has a 12-month low of $70.16 and a 12-month high of $98.23. The company has a 50 day moving average of $75.58 and a 200 day moving average of $80.91. The firm has a market capitalization of $23.69 billion and a price-to-earnings ratio of 12.97.

Deere & Company (NYSE:DE) last released its earnings results on Wednesday, November 25th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.33. The company earned $5.93 billion during the quarter. The company’s revenue was down 26.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.11 earnings per share. Analysts anticipate that Deere & Company will post $4.24 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, February 1st. Stockholders of record on Thursday, December 31st will be paid a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, December 29th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.21%.

Several analysts recently issued reports on the stock. Credit Suisse reissued an “outperform” rating and issued a $87.00 price target on shares of Deere & Company in a research report on Thursday, January 7th. Zacks Investment Research downgraded shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Thursday. Citigroup Inc. reduced their price target on shares of Deere & Company from $100.00 to $90.00 in a research report on Friday, November 20th. Societe Generale lifted their price target on shares of Deere & Company from $79.00 to $82.00 and gave the company a “hold” rating in a research report on Thursday, November 26th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $70.00 price target on shares of Deere & Company in a research report on Wednesday, November 25th. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $80.80.

In other news, CFO Rajesh Kalathur sold 4,366 shares of the stock in a transaction on Wednesday, December 2nd. The stock was sold at an average price of $79.52, for a total value of $347,184.32. Following the sale, the chief financial officer now directly owns 17,571 shares of the company’s stock, valued at $1,397,245.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Deere & Company along with its subsidiaries operates and organized in three major business segments: The agriculture and turf segment that manufactures and distributes a full line of agriculture and turf equipment and related service parts. The construction and forestry segment manufactures and distributes a broad range of machines and service parts used in construction, earthmoving, material handling and timber harvesting. The financial services segment finances sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment. In addition, the financial services segment provides wholesale financing to dealers of the foregoing equipment, finances retail revolving charge accounts and operating loans and offers crop risk mitigation products and extended equipment warranties. Intersegment sales and revenues represent sales of components and finance charges, which are generally based on market prices.

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