Mutual of America Capital Management LLC Has $15.79 Million Holdings in Deere & Company (NYSE:DE)

Mutual of America Capital Management LLC decreased its position in shares of Deere & Company (NYSE:DE - Free Report) by 7.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,637 shares of the industrial products company's stock after selling 2,640 shares during the quarter. Mutual of America Capital Management LLC's holdings in Deere & Company were worth $15,788,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Deere & Company by 19.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company's stock worth $2,792,082,000 after purchasing an additional 1,095,736 shares during the last quarter. Capital World Investors lifted its stake in shares of Deere & Company by 2.7% during the 4th quarter. Capital World Investors now owns 6,058,259 shares of the industrial products company's stock worth $2,566,884,000 after purchasing an additional 157,224 shares during the period. Northern Trust Corp boosted its holdings in shares of Deere & Company by 12.8% during the fourth quarter. Northern Trust Corp now owns 2,915,729 shares of the industrial products company's stock worth $1,235,394,000 after purchasing an additional 330,915 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Deere & Company by 7.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,587,065 shares of the industrial products company's stock worth $1,096,179,000 after purchasing an additional 184,203 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Deere & Company by 2.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,780,742 shares of the industrial products company's stock valued at $754,500,000 after purchasing an additional 48,941 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Performance

Shares of NYSE DE traded down $2.74 during midday trading on Thursday, reaching $506.90. 958,544 shares of the company traded hands, compared to its average volume of 1,135,084. The company has a market cap of $137.28 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 3.23 and a beta of 1.06. The stock has a 50-day moving average price of $512.37 and a 200 day moving average price of $488.75. Deere & Company has a 52 week low of $343.38 and a 52 week high of $533.78. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.11 and a quick ratio of 1.89.

Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping the consensus estimate of $5.72 by $0.92. Deere & Company had a return on equity of 24.39% and a net margin of 12.40%. The firm had revenue of $11.17 billion for the quarter, compared to analysts' expectations of $10.80 billion. During the same quarter in the previous year, the company earned $8.53 earnings per share. The firm's quarterly revenue was down 17.9% compared to the same quarter last year. Sell-side analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, June 30th. Deere & Company's payout ratio is presently 31.35%.

Analyst Ratings Changes

Several research analysts recently weighed in on DE shares. Bank of America increased their target price on Deere & Company from $495.00 to $556.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Oppenheimer boosted their target price on Deere & Company from $555.00 to $560.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. BMO Capital Markets restated a "market perform" rating and issued a $460.00 price target (up previously from $425.00) on shares of Deere & Company in a report on Wednesday, May 21st. Robert W. Baird boosted their price objective on shares of Deere & Company from $501.00 to $514.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Morgan Stanley increased their price objective on shares of Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $515.50.

About Deere & Company

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.