Public Employees Retirement System of Ohio Sells 5,737 Shares of Deere & Company (NYSE:DE)

Public Employees Retirement System of Ohio reduced its holdings in Deere & Company (NYSE:DE - Free Report) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,177 shares of the industrial products company's stock after selling 5,737 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Deere & Company were worth $45,411,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Raleigh Capital Management Inc. raised its position in Deere & Company by 182.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 209 shares of the industrial products company's stock valued at $89,000 after buying an additional 135 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in Deere & Company by 2.0% during the 4th quarter. Avior Wealth Management LLC now owns 4,770 shares of the industrial products company's stock worth $2,021,000 after purchasing an additional 93 shares during the last quarter. Secure Asset Management LLC acquired a new position in Deere & Company in the 4th quarter valued at $358,000. Montecito Bank & Trust boosted its position in shares of Deere & Company by 16.4% in the fourth quarter. Montecito Bank & Trust now owns 2,925 shares of the industrial products company's stock valued at $1,239,000 after acquiring an additional 412 shares during the period. Finally, Brighton Jones LLC boosted its holdings in Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock valued at $1,927,000 after purchasing an additional 1,278 shares during the period. Institutional investors own 68.58% of the company's stock.

Wall Street Analyst Weigh In

DE has been the subject of a number of analyst reports. Morgan Stanley lifted their price target on shares of Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. Evercore ISI upped their target price on Deere & Company from $455.00 to $493.00 and gave the company an "in-line" rating in a research report on Monday, May 19th. Baird R W cut Deere & Company from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. UBS Group reduced their price objective on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Deere & Company in a report on Thursday, May 15th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $516.75.

Deere & Company Price Performance

DE stock traded down $2.96 during mid-day trading on Thursday, reaching $505.03. 261,964 shares of the company traded hands, compared to its average volume of 1,401,361. The company has a fifty day moving average price of $474.56 and a 200-day moving average price of $460.54. Deere & Company has a 52-week low of $340.20 and a 52-week high of $533.78. The company has a market capitalization of $137.07 billion, a P/E ratio of 22.38, a P/E/G ratio of 2.14 and a beta of 1.08. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98.

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

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.28%. Deere & Company's dividend payout ratio (DPR) is 31.35%.

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.