Deere & Company (NYSE:DE) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. cut its stake in shares of Deere & Company (NYSE:DE) by 28.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,437 shares of the industrial products company’s stock after selling 28,035 shares during the period. Epoch Investment Partners Inc.’s holdings in Deere & Company were worth $29,342,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. LRI Investments LLC acquired a new position in shares of Deere & Company in the first quarter valued at approximately $1,002,000. 1832 Asset Management L.P. grew its holdings in shares of Deere & Company by 67.3% in the first quarter. 1832 Asset Management L.P. now owns 3,313 shares of the industrial products company’s stock valued at $1,361,000 after purchasing an additional 1,333 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Deere & Company by 2.6% in the first quarter. Westwood Holdings Group Inc. now owns 60,928 shares of the industrial products company’s stock valued at $25,026,000 after purchasing an additional 1,538 shares in the last quarter. Capital International Inc. CA grew its holdings in Deere & Company by 24.9% during the 1st quarter. Capital International Inc. CA now owns 6,661 shares of the industrial products company’s stock worth $2,736,000 after acquiring an additional 1,326 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its position in shares of Deere & Company by 3.0% in the 1st quarter. Axxcess Wealth Management LLC now owns 7,609 shares of the industrial products company’s stock valued at $3,125,000 after purchasing an additional 223 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Deere & Company from $385.00 to $375.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Raymond James initiated coverage on shares of Deere & Company in a report on Friday, June 28th. They issued an “outperform” rating and a $420.00 target price for the company. DA Davidson lowered their target price on shares of Deere & Company from $483.00 to $465.00 and set a “buy” rating for the company in a report on Monday, May 20th. Truist Financial lowered their target price on shares of Deere & Company from $460.00 to $439.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Finally, Morgan Stanley upped their target price on shares of Deere & Company from $430.00 to $450.00 in a report on Wednesday, May 15th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $426.71.

Insider Buying and Selling at Deere & Company

In other news, insider Cory J. Reed sold 13,370 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $377.63, for a total transaction of $5,048,913.10. Following the completion of the transaction, the insider now owns 41,642 shares of the company’s stock, valued at $15,725,268.46. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.26% of the stock is owned by insiders.

Deere & Company Stock Up 1.3 %

Shares of DE traded up $4.86 during mid-day trading on Friday, reaching $386.55. 1,380,906 shares of the stock traded hands, compared to its average volume of 1,582,798. The firm has a market cap of $106.52 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 1.57 and a beta of 0.93. The stock has a fifty day simple moving average of $372.59 and a 200 day simple moving average of $383.70. Deere & Company has a 12-month low of $345.93 and a 12-month high of $441.46. The company has a quick ratio of 1.80, a current ratio of 2.01 and a debt-to-equity ratio of 1.81.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, May 16th. The industrial products company reported $8.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.86 by $0.67. The business had revenue of $13.61 billion during the quarter, compared to analyst estimates of $13.29 billion. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. The business’s revenue was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $9.65 earnings per share. Sell-side analysts expect that Deere & Company will post 25.41 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 28th will be paid a dividend of $1.47 per share. The ex-dividend date is Friday, June 28th. This represents a $5.88 annualized dividend and a yield of 1.52%. Deere & Company’s payout ratio is 17.70%.

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.