State of Tennessee Treasury Department decreased its holdings in Deere & Company (NYSE:DE) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,030 shares of the industrial products company’s stock after selling 984 shares during the quarter. State of Tennessee Treasury Department’s holdings in Deere & Company were worth $10,228,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DE. Tredje AP fonden boosted its holdings in shares of Deere & Company by 19.7% during the 1st quarter. Tredje AP fonden now owns 21,815 shares of the industrial products company’s stock worth $3,014,000 after buying an additional 3,593 shares in the last quarter. National Pension Service boosted its holdings in shares of Deere & Company by 1.3% during the 1st quarter. National Pension Service now owns 385,862 shares of the industrial products company’s stock worth $53,311,000 after buying an additional 5,040 shares in the last quarter. FDx Advisors Inc. lifted its holdings in shares of Deere & Company by 2.0% in the 1st quarter. FDx Advisors Inc. now owns 5,327 shares of the industrial products company’s stock worth $736,000 after purchasing an additional 104 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Deere & Company by 10.5% in the 1st quarter. Clearbridge Investments LLC now owns 592,001 shares of the industrial products company’s stock worth $81,791,000 after purchasing an additional 56,012 shares in the last quarter. Finally, Signet Financial Management LLC bought a new position in shares of Deere & Company in the 1st quarter worth $231,000. Institutional investors own 66.88% of the company’s stock.

A number of equities analysts recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $150.00 target price on shares of Deere & Company in a report on Thursday, May 21st. Citigroup increased their price target on Deere & Company from $155.00 to $165.00 and gave the company a “neutral” rating in a research report on Thursday, June 18th. Morgan Stanley increased their price target on Deere & Company from $171.00 to $181.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. raised Deere & Company from an “underweight” rating to a “neutral” rating and set a $140.00 price target for the company in a research report on Friday, March 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Deere & Company from a “sell” rating to a “hold” rating and set a $157.00 price target for the company in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. Deere & Company has an average rating of “Buy” and an average target price of $169.09.

NYSE DE traded down $3.23 during trading hours on Friday, hitting $151.22. The company had a trading volume of 24,464 shares, compared to its average volume of 1,580,037. Deere & Company has a 52 week low of $106.14 and a 52 week high of $181.99. The firm has a 50 day simple moving average of $147.84 and a 200 day simple moving average of $154.74. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.95 and a current ratio of 2.20. The firm has a market capitalization of $48.00 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 3.56 and a beta of 0.93.

Deere & Company (NYSE:DE) last issued its earnings results on Friday, May 22nd. The industrial products company reported $2.11 EPS for the quarter, topping the consensus estimate of $1.62 by $0.49. Deere & Company had a return on equity of 23.01% and a net margin of 7.62%. The business had revenue of $8.22 billion during the quarter, compared to the consensus estimate of $7.68 billion. During the same quarter last year, the company earned $3.52 EPS. The firm’s revenue was down 19.9% compared to the same quarter last year. On average, research analysts forecast that Deere & Company will post 6.03 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Monday, June 29th. Deere & Company’s dividend payout ratio is currently 30.58%.

Deere & Company Profile

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.

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

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