Trustmark Bank Trust Department Has $3.78 Million Stock Holdings in Deere & Company $DE

by · The Cerbat Gem

Trustmark Bank Trust Department raised its holdings in Deere & Company (NYSE:DE – Free Report) by 69.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,437 shares of the industrial products company’s stock after acquiring an additional 3,050 shares during the quarter. Trustmark Bank Trust Department’s holdings in Deere & Company were worth $3,782,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DE. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Deere & Company in the second quarter worth $25,000. Activest Wealth Management lifted its holdings in Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after buying an additional 55 shares during the period. Marshall & Sullivan Inc. WA bought a new stake in shares of Deere & Company in the 2nd quarter valued at about $38,000. Livelsberger Financial Advisory bought a new stake in shares of Deere & Company in the 2nd quarter valued at about $39,000. Finally, Center for Financial Planning Inc. increased its stake in shares of Deere & Company by 406.7% in the second quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock valued at $39,000 after buying an additional 61 shares during the period. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on DE shares. Sanford C. Bernstein upped their target price on Deere & Company from $487.00 to $521.00 and gave the company a “market perform” rating in a report on Thursday, November 13th. Truist Financial boosted their price target on shares of Deere & Company from $609.00 to $612.00 and gave the stock a “buy” rating in a research report on Friday. Citigroup decreased their price objective on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. Robert W. Baird lowered their target price on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Finally, DA Davidson cut their price target on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $519.45.

Get Our Latest Report on Deere & Company

Insider Buying and Selling

In related news, CEO John C. May II sold 11,106 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $500.08, for a total transaction of $5,553,888.48. Following the transaction, the chief executive officer directly owned 112,453 shares of the company’s stock, valued at approximately $56,235,496.24. This represents a 8.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is owned by insiders.

Deere & Company Stock Down 0.8%

Shares of NYSE DE opened at $465.95 on Friday. The firm has a market cap of $125.96 billion, a PE ratio of 24.36, a P/E/G ratio of 3.05 and a beta of 1.04. Deere & Company has a 12-month low of $403.01 and a 12-month high of $533.78. The company’s fifty day simple moving average is $467.10 and its 200 day simple moving average is $490.53. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE – Get Free Report) last posted its quarterly earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share for the quarter, missing the consensus estimate of $3.96 by ($0.03). Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The company had revenue of $12.39 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period last year, the firm posted $4.55 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, sell-side analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Profile

(Free Report)

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.

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