Ontario Teachers Pension Plan Board Has $559.90 Million Position in Deere & Company (NYSE:DE)

Ontario Teachers Pension Plan Board boosted its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 11.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,341,626 shares of the industrial products company's stock after acquiring an additional 139,336 shares during the quarter. Deere & Company makes up approximately 4.7% of Ontario Teachers Pension Plan Board's portfolio, making the stock its 10th largest holding. Ontario Teachers Pension Plan Board owned 0.49% of Deere & Company worth $559,901,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Janus Henderson Group PLC lifted its holdings in shares of Deere & Company by 0.5% during the first quarter. Janus Henderson Group PLC now owns 3,859,021 shares of the industrial products company's stock worth $1,585,028,000 after buying an additional 19,200 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Deere & Company by 2.7% in the second quarter. Legal & General Group Plc now owns 2,254,266 shares of the industrial products company's stock valued at $842,259,000 after purchasing an additional 60,255 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Deere & Company by 15.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,146,441 shares of the industrial products company's stock worth $802,037,000 after purchasing an additional 279,627 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Deere & Company by 8.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,470,159 shares of the industrial products company's stock worth $603,854,000 after buying an additional 114,116 shares in the last quarter. Finally, Markel Group Inc. raised its stake in shares of Deere & Company by 2.8% in the 3rd quarter. Markel Group Inc. now owns 869,100 shares of the industrial products company's stock valued at $362,702,000 after buying an additional 23,750 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DE. HSBC cut Deere & Company from a "buy" rating to a "hold" rating in a research report on Monday, August 19th. Evercore ISI boosted their price target on shares of Deere & Company from $371.00 to $378.00 and gave the company an "in-line" rating in a research report on Monday, August 19th. BMO Capital Markets started coverage on shares of Deere & Company in a research note on Friday, August 9th. They issued a "market perform" rating and a $400.00 target price for the company. JPMorgan Chase & Co. lifted their price objective on Deere & Company from $360.00 to $420.00 and gave the company a "neutral" rating in a research report on Friday, October 11th. Finally, Bank of America lifted their price target on Deere & Company from $400.00 to $410.00 and gave the company a "neutral" rating in a report on Friday, August 16th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $420.69.

Deere & Company Trading Up 1.3 %

NYSE:DE traded up $5.02 during trading hours on Wednesday, hitting $405.11. The stock had a trading volume of 1,486,387 shares, compared to its average volume of 1,430,288. The company has a market cap of $110.84 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 1.52 and a beta of 0.93. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.87 and a current ratio of 2.07. The business's 50 day moving average is $404.63 and its 200-day moving average is $385.69. Deere & Company has a one year low of $340.20 and a one year high of $420.47.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were given a $1.47 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.88 annualized dividend and a yield of 1.45%. Deere & Company's dividend payout ratio is currently 20.06%.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.