Fort Washington Investment Advisors Inc. OH Buys 57,550 Shares of Deere & Company (NYSE:DE)

Fort Washington Investment Advisors Inc. OH grew its position in shares of Deere & Company (NYSE:DE - Free Report) by 571.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,629 shares of the industrial products company's stock after purchasing an additional 57,550 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in Deere & Company were worth $31,742,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quent Capital LLC boosted its holdings in shares of Deere & Company by 2.8% in the 4th quarter. Quent Capital LLC now owns 889 shares of the industrial products company's stock worth $377,000 after acquiring an additional 24 shares in the last quarter. Valeo Financial Advisors LLC raised its position in Deere & Company by 0.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company's stock valued at $3,398,000 after purchasing an additional 24 shares during the last quarter. Coppell Advisory Solutions LLC boosted its stake in Deere & Company by 2.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,011 shares of the industrial products company's stock worth $432,000 after purchasing an additional 25 shares in the last quarter. Glen Eagle Advisors LLC grew its holdings in shares of Deere & Company by 0.9% during the fourth quarter. Glen Eagle Advisors LLC now owns 2,936 shares of the industrial products company's stock worth $1,244,000 after purchasing an additional 25 shares during the last quarter. Finally, Marks Group Wealth Management Inc raised its holdings in shares of Deere & Company by 0.8% in the fourth quarter. Marks Group Wealth Management Inc now owns 3,156 shares of the industrial products company's stock valued at $1,337,000 after buying an additional 26 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays lifted their price objective on Deere & Company from $475.00 to $530.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Truist Financial lifted their target price on shares of Deere & Company from $546.00 to $619.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Baird R W cut Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Evercore ISI boosted their target price on Deere & Company from $455.00 to $493.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. Finally, Citigroup dropped their price target on Deere & Company from $550.00 to $525.00 and set a "neutral" rating on the stock in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $515.19.

Deere & Company Trading Down 0.7%

NYSE:DE traded down $3.83 during midday trading on Thursday, reaching $517.01. 796,949 shares of the stock traded hands, compared to its average volume of 1,397,151. The stock has a market capitalization of $140.02 billion, a P/E ratio of 22.92, a PEG ratio of 2.14 and a beta of 1.09. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The company has a fifty day moving average of $483.40 and a 200 day moving average of $467.81. Deere & Company has a 12 month low of $340.20 and a 12 month high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, beating analysts' consensus estimates of $5.72 by $0.92. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. The business had revenue of $11.17 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the prior year, the company posted $8.53 EPS. Deere & Company's quarterly revenue was down 17.9% compared to the same quarter last year. On average, research analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's dividend payout ratio is currently 31.35%.

Deere & Company Profile

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.