Public Employees Retirement Association of Colorado Decreases Stock Holdings in Deere & Company (NYSE:DE)

Public Employees Retirement Association of Colorado cut its stake in shares of Deere & Company (NYSE:DE - Free Report) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,950 shares of the industrial products company's stock after selling 1,712 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in Deere & Company were worth $14,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Robertson Stephens Wealth Management LLC grew its position in shares of Deere & Company by 2.2% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company's stock valued at $426,000 after acquiring an additional 22 shares during the period. DLK Investment Management LLC grew its holdings in Deere & Company by 0.3% in the fourth quarter. DLK Investment Management LLC now owns 8,212 shares of the industrial products company's stock valued at $3,479,000 after purchasing an additional 24 shares during the period. Quent Capital LLC increased its position in shares of Deere & Company by 2.8% in the fourth quarter. Quent Capital LLC now owns 889 shares of the industrial products company's stock valued at $377,000 after buying an additional 24 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Deere & Company by 0.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company's stock worth $3,398,000 after buying an additional 24 shares during the period. Finally, Douglas Lane & Associates LLC boosted its holdings in Deere & Company by 4.7% in the 4th quarter. Douglas Lane & Associates LLC now owns 557 shares of the industrial products company's stock worth $236,000 after buying an additional 25 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Trading Up 0.7 %

Shares of NYSE:DE traded up $3.01 during trading on Wednesday, reaching $463.65. The stock had a trading volume of 1,325,802 shares, compared to its average volume of 1,421,609. The firm's fifty day moving average is $464.99 and its 200 day moving average is $447.28. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05. The stock has a market cap of $125.84 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 2.14 and a beta of 1.00. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. As a group, equities analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.40%. Deere & Company's payout ratio is 28.72%.

Analyst Upgrades and Downgrades

DE has been the subject of a number of research reports. Truist Financial reaffirmed a "buy" rating and set a $546.00 target price (down previously from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Oppenheimer upped their price objective on Deere & Company from $510.00 to $513.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. Citigroup decreased their price target on shares of Deere & Company from $480.00 to $450.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Argus set a $510.00 price objective on Deere & Company in a report on Friday, March 7th. Finally, StockNews.com cut shares of Deere & Company from a "hold" rating to a "sell" rating in a research note on Sunday, April 6th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Deere & Company has a consensus rating of "Hold" and a consensus price target of $460.21.

Insider Buying and Selling

In related news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the sale, the insider now owns 74,878 shares in the company, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.29% of the stock is currently owned by insiders.

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.