Deere & Company $DE Shares Acquired by Strs Ohio

Strs Ohio lifted its position in shares of Deere & Company (NYSE:DE) by 21.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 76,596 shares of the industrial products company’s stock after buying an additional 13,350 shares during the period. Strs Ohio’s holdings in Deere & Company were worth $35,024,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DE. Brighton Jones LLC increased its stake in Deere & Company by 39.1% in the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after purchasing an additional 1,278 shares during the last quarter. Norden Group LLC grew its holdings in Deere & Company by 12.2% in the 2nd quarter. Norden Group LLC now owns 972 shares of the industrial products company’s stock valued at $494,000 after buying an additional 106 shares during the period. Mather Group LLC. increased its stake in shares of Deere & Company by 2.1% during the 2nd quarter. Mather Group LLC. now owns 1,769 shares of the industrial products company’s stock valued at $899,000 after acquiring an additional 36 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Deere & Company by 27.8% during the 2nd quarter. TD Private Client Wealth LLC now owns 1,742 shares of the industrial products company’s stock worth $886,000 after acquiring an additional 379 shares during the period. Finally, CX Institutional lifted its holdings in shares of Deere & Company by 4.1% during the 2nd quarter. CX Institutional now owns 12,510 shares of the industrial products company’s stock worth $6,361,000 after acquiring an additional 494 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Performance

NYSE:DE opened at $514.92 on Friday. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $139.58 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 2.00 and a beta of 1.00. The firm’s fifty day simple moving average is $482.61 and its 200 day simple moving average is $482.05. Deere & Company has a twelve month low of $404.42 and a twelve month high of $533.78.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($0.03). Deere & Company had a net margin of 11.00% and a return on equity of 20.54%. The company had revenue of $12.39 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the company posted $4.55 earnings per share. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, equities research analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Wednesday, December 31st will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is presently 35.01%.

Analyst Upgrades and Downgrades

DE has been the subject of a number of recent analyst reports. Citigroup lowered their target price on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Truist Financial boosted their price objective on shares of Deere & Company from $609.00 to $612.00 and gave the company a “buy” rating in a research note on Friday, November 28th. Evercore ISI restated a “positive” rating on shares of Deere & Company in a report on Friday, November 28th. Oppenheimer increased their target price on Deere & Company from $512.00 to $531.00 and gave the stock an “outperform” rating in a research report on Friday, November 28th. Finally, UBS Group reissued a “buy” rating on shares of Deere & Company in a research report on Tuesday, November 25th. Fifteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $524.20.

Insider Activity

In related news, CEO John C. May II sold 41,472 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the transaction, the chief executive officer directly owned 117,970 shares of the company’s stock, valued at approximately $59,160,775.30. The trade was a 26.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Cory J. Reed sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total value of $6,120,000.00. Following the completion of the transaction, the insider owned 20,792 shares of the company’s stock, valued at approximately $10,603,920. This represents a 36.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 64,578 shares of company stock worth $32,471,682. Company insiders own 0.29% of the company’s stock.

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.