Strs Ohio Has $39.90 Million Position in Deere & Company $DE

Strs Ohio cut its holdings in Deere & Company (NYSE:DEFree Report) by 4.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,840 shares of the industrial products company’s stock after selling 3,227 shares during the period. Strs Ohio’s holdings in Deere & Company were worth $39,904,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Strategic Advocates LLC acquired a new stake in Deere & Company in the 3rd quarter valued at approximately $25,000. Key Capital Management INC bought a new stake in shares of Deere & Company in the fourth quarter valued at approximately $27,000. Timmons Wealth Management LLC bought a new stake in shares of Deere & Company in the fourth quarter valued at approximately $29,000. McIlrath & Eck LLC acquired a new stake in shares of Deere & Company in the fourth quarter worth $30,000. Finally, Portus Wealth Advisors LLC acquired a new stake in shares of Deere & Company in the first quarter worth $32,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Down 0.0%

Shares of NYSE:DE opened at $621.09 on Friday. The company’s fifty day moving average is $578.41 and its 200-day moving average is $562.69. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The company has a market capitalization of $167.66 billion, a PE ratio of 35.19, a P/E/G ratio of 2.30 and a beta of 0.89.

Deere & Company (NYSE:DEGet Free Report) last announced its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.70 by $0.85. The firm had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $6.64 EPS. Equities research analysts predict that Deere & Company will post 18.13 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be paid a $1.62 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. Deere & Company’s payout ratio is 36.71%.

Wall Street Analyst Weigh In

DE has been the subject of several research analyst reports. Wolfe Research upped their target price on shares of Deere & Company from $550.00 to $660.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Truist Financial raised their price target on shares of Deere & Company from $759.00 to $812.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Deere & Company from $560.00 to $590.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. Robert W. Baird reduced their target price on shares of Deere & Company from $580.00 to $525.00 and set a “neutral” rating for the company in a research note on Friday, May 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $752.00 target price on shares of Deere & Company in a research report on Monday, June 1st. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $642.23.

View Our Latest Report on DE

About Deere & Company

(Free Report)

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.

Further Reading

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

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