Teacher Retirement System of Texas grew its holdings in Deere & Company (NYSE:DE) by 104.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 388,589 shares of the industrial products company’s stock after buying an additional 198,960 shares during the period. Teacher Retirement System of Texas owned 0.12% of Deere & worth $48,803,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Deere & by 5.6% in the second quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock valued at $2,668,774,000 after buying an additional 1,153,484 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Deere & by 2.5% in the second quarter. BlackRock Inc. now owns 17,125,313 shares of the industrial products company’s stock valued at $2,116,517,000 after buying an additional 409,861 shares during the last quarter. State Street Corp raised its holdings in shares of Deere & by 0.4% in the first quarter. State Street Corp now owns 12,267,999 shares of the industrial products company’s stock valued at $1,335,500,000 after buying an additional 45,695 shares during the last quarter. Capital International Investors raised its holdings in shares of Deere & by 14.4% in the second quarter. Capital International Investors now owns 6,506,943 shares of the industrial products company’s stock valued at $804,193,000 after buying an additional 820,991 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Deere & by 0.5% in the first quarter. Loomis Sayles & Co. L P now owns 5,860,666 shares of the industrial products company’s stock valued at $637,992,000 after buying an additional 26,303 shares during the last quarter. 65.67% of the stock is owned by institutional investors and hedge funds.

Deere & Company (NYSE:DE) traded up $0.95 during trading hours on Monday, reaching $132.23. 2,990,700 shares of the company’s stock were exchanged, compared to its average volume of 2,359,648. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.90 and a current ratio of 2.10. The stock has a market capitalization of $42,473.85, a P/E ratio of 22.14, a P/E/G ratio of 2.39 and a beta of 0.73. Deere & Company has a 12 month low of $89.69 and a 12 month high of $136.69.

Deere & (NYSE:DE) last posted its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.04. The company had revenue of $6.83 billion for the quarter, compared to the consensus estimate of $6.92 billion. Deere & had a net margin of 6.81% and a return on equity of 25.96%. Deere &’s revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 earnings per share. research analysts anticipate that Deere & Company will post 6.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Thursday, September 28th. Deere &’s dividend payout ratio is currently 40.20%.

WARNING: “Teacher Retirement System of Texas Increases Stake in Deere & Company (DE)” was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.watchlistnews.com/teacher-retirement-system-of-texas-increases-stake-in-deere-company-de/1700758.html.

DE has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Deere & from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Deutsche Bank AG reiterated a “hold” rating and set a $139.00 price target (up from $135.00) on shares of Deere & in a research note on Friday, August 11th. Jefferies Group LLC reiterated a “hold” rating and set a $125.00 price target on shares of Deere & in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Deere & from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Thursday, November 2nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Deere & in a research note on Sunday, August 20th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the stock. Deere & has an average rating of “Hold” and a consensus price target of $129.08.

In other news, insider Pentz Markwart Von sold 24,143 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $135.33, for a total value of $3,267,272.19. Following the completion of the sale, the insider now owns 57,086 shares of the company’s stock, valued at $7,725,448.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John C. May II sold 18,626 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $130.76, for a total transaction of $2,435,535.76. Following the completion of the sale, the insider now directly owns 37,462 shares of the company’s stock, valued at approximately $4,898,531.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 149,141 shares of company stock worth $18,694,199. 0.75% of the stock is currently owned by insiders.

About Deere &

Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

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

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with Analyst Ratings Network's FREE daily email newsletter.