New York State Common Retirement Fund Acquires 1,200 Shares of Deere & Company (NYSE:DE)

New York State Common Retirement Fund boosted its holdings in Deere & Company (NYSE:DE - Free Report) by 0.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 384,948 shares of the industrial products company's stock after buying an additional 1,200 shares during the quarter. New York State Common Retirement Fund owned approximately 0.14% of Deere & Company worth $180,675,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Assenagon Asset Management S.A. raised its holdings in Deere & Company by 58.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 13,625 shares of the industrial products company's stock worth $6,395,000 after purchasing an additional 5,053 shares during the last quarter. Stenger Family Office LLC bought a new position in Deere & Company during the 4th quarter worth approximately $3,144,000. Westpac Banking Corp raised its holdings in Deere & Company by 17.9% during the 4th quarter. Westpac Banking Corp now owns 11,904 shares of the industrial products company's stock worth $5,044,000 after purchasing an additional 1,809 shares during the last quarter. Atlas Capital Advisors Inc. raised its holdings in Deere & Company by 420.0% during the 4th quarter. Atlas Capital Advisors Inc. now owns 7,057 shares of the industrial products company's stock worth $2,990,000 after purchasing an additional 5,700 shares during the last quarter. Finally, Stratos Investment Management LLC bought a new position in Deere & Company during the 1st quarter worth approximately $271,000. Institutional investors own 68.58% of the company's stock.

Deere & Company Price Performance

DE opened at $512.17 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.11 and a quick ratio of 1.89. The company has a market capitalization of $138.71 billion, a price-to-earnings ratio of 24.78, a P/E/G ratio of 3.25 and a beta of 1.08. The firm's fifty day moving average price is $510.73 and its two-hundred day moving average price is $478.38. Deere & Company has a 1 year low of $340.20 and a 1 year high of $533.78.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, topping analysts' consensus estimates of $5.72 by $0.92. The company had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The firm's quarterly revenue was down 17.9% on a year-over-year basis. During the same period in the previous year, the firm earned $8.53 EPS. As a group, 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 declared 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 1.27%. The ex-dividend date is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is currently 31.35%.

Wall Street Analyst Weigh In

DE has been the subject of several analyst reports. Melius upgraded shares of Deere & Company from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Bank of America lifted their price objective on shares of Deere & Company from $495.00 to $556.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Robert W. Baird lifted their price objective on shares of Deere & Company from $501.00 to $514.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Melius Research upgraded shares of Deere & Company from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 6th. Finally, Truist Financial lifted their price objective on shares of Deere & Company from $546.00 to $619.00 and gave the company a "buy" rating in a research note on Friday, May 16th. 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 assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $515.19.

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.

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