Teacher Retirement System of Texas Grows Position in Deere & Company (NYSE:DE)

Teacher Retirement System of Texas grew its position in shares of Deere & Company (NYSE:DEFree Report) by 774.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,331 shares of the industrial products company’s stock after acquiring an additional 13,578 shares during the quarter. Teacher Retirement System of Texas’ holdings in Deere & Company were worth $6,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in DE. Sandy Spring Bank increased its position in shares of Deere & Company by 0.5% during the fourth quarter. Sandy Spring Bank now owns 10,636 shares of the industrial products company’s stock valued at $4,507,000 after acquiring an additional 56 shares during the last quarter. Arvest Investments Inc. increased its position in shares of Deere & Company by 4.1% during the 4th quarter. Arvest Investments Inc. now owns 941 shares of the industrial products company’s stock valued at $399,000 after purchasing an additional 37 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Deere & Company during the 4th quarter valued at $124,000. Chesapeake Capital Corp IL bought a new stake in shares of Deere & Company during the 4th quarter worth $318,000. Finally, Xponance Inc. boosted its holdings in shares of Deere & Company by 3.3% in the 4th quarter. Xponance Inc. now owns 39,289 shares of the industrial products company’s stock worth $16,647,000 after buying an additional 1,251 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

DE has been the topic of several research reports. Evercore ISI lifted their price objective on shares of Deere & Company from $437.00 to $455.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Oppenheimer upped their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. lifted their target price on shares of Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Jefferies Financial Group downgraded shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective for the company. in a report on Friday, December 6th. Finally, StockNews.com cut shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Deere & Company has a consensus rating of “Hold” and an average target price of $460.00.

Check Out Our Latest Research Report on Deere & Company

Insiders Place Their Bets

In other news, insider Rajesh Kalathur sold 24,580 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value of $12,304,993.80. Following the completion of the sale, the insider now directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is owned by insiders.

Deere & Company Price Performance

DE stock opened at $471.90 on Monday. The firm has a 50 day simple moving average of $473.25 and a two-hundred day simple moving average of $436.88. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The stock has a market cap of $128.08 billion, a PE ratio of 20.92, a P/E/G ratio of 2.14 and a beta of 1.01. Deere & Company has a one year low of $340.20 and a one year high of $515.05.

Deere & Company (NYSE:DEGet Free Report) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. On average, analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be given a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.37%. Deere & Company’s payout ratio is 28.72%.

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

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