Teacher Retirement System of Texas Has $6.50 Million Holdings in Deere & Company (NYSE:DE)

Teacher Retirement System of Texas grew its position in shares of Deere & Company (NYSE:DE - Free Report) by 774.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,331 shares of the industrial products company's stock after buying an additional 13,578 shares during the period. Teacher Retirement System of Texas' holdings in Deere & Company were worth $6,496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of DE. King Luther Capital Management Corp boosted its position in Deere & Company by 11.9% during the 3rd quarter. King Luther Capital Management Corp now owns 3,032 shares of the industrial products company's stock valued at $1,265,000 after acquiring an additional 322 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Deere & Company by 2.3% during the 3rd quarter. Pacer Advisors Inc. now owns 18,998 shares of the industrial products company's stock valued at $7,928,000 after acquiring an additional 425 shares during the last quarter. Nwam LLC purchased a new stake in Deere & Company during the 3rd quarter valued at $903,000. Cerity Partners LLC lifted its holdings in Deere & Company by 5.4% in the third quarter. Cerity Partners LLC now owns 115,274 shares of the industrial products company's stock valued at $48,110,000 after acquiring an additional 5,948 shares during the period. Finally, Larson Financial Group LLC boosted its position in Deere & Company by 41.6% in the third quarter. Larson Financial Group LLC now owns 2,510 shares of the industrial products company's stock worth $1,047,000 after purchasing an additional 737 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Truist Financial reissued a "buy" rating and issued a $546.00 target price (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. JPMorgan Chase & Co. raised their price target on Deere & Company from $470.00 to $500.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Oppenheimer upped their price objective on Deere & Company from $477.00 to $507.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Morgan Stanley lifted their target price on Deere & Company from $401.00 to $450.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. Finally, StockNews.com downgraded Deere & Company from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Deere & Company currently has an average rating of "Hold" and an average price target of $460.00.

Deere & Company Stock Down 0.2 %

Shares of DE stock traded down $0.76 on Tuesday, hitting $479.20. The company's stock had a trading volume of 383,805 shares, compared to its average volume of 1,359,819. The stock has a market capitalization of $130.06 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 2.14 and a beta of 1.01. The firm's fifty day moving average price is $474.26 and its 200-day moving average price is $437.56. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $515.05. 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 released its earnings results on Thursday, February 13th. The industrial products company reported $3.19 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%. Research analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company's dividend payout ratio is presently 28.72%.

Insider Activity at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is owned by company insiders.

Deere & Company 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.