Epoch Investment Partners Inc. Trims Position in Deere & Company (NYSE:DE)

Epoch Investment Partners Inc. trimmed its position in Deere & Company (NYSE:DE) by 66.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,309 shares of the industrial products company’s stock after selling 6,460 shares during the period. Epoch Investment Partners Inc.’s holdings in Deere & Company were worth $1,402,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Pineridge Advisors LLC raised its holdings in Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 26 shares during the period. Modus Advisors LLC purchased a new stake in Deere & Company in the fourth quarter worth about $32,000. YANKCOM Partnership purchased a new stake in Deere & Company in the fourth quarter worth about $34,000. Synergy Asset Management LLC bought a new position in shares of Deere & Company in the fourth quarter worth about $35,000. Finally, Sierra Ocean LLC purchased a new position in shares of Deere & Company during the 4th quarter valued at about $44,000. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Truist Financial reaffirmed a “buy” rating and set a $546.00 price target (down previously from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Robert W. Baird restated a “neutral” rating and set a $501.00 target price on shares of Deere & Company in a research note on Monday, March 3rd. Oppenheimer increased their price target on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Evercore ISI boosted their price objective on Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley upped their price objective on Deere & Company from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Deere & Company has a consensus rating of “Hold” and an average target price of $459.89.

Deere & Company Stock Down 0.1 %

NYSE:DE opened at $452.06 on Monday. The company has a market cap of $122.70 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. Deere & Company has a twelve month low of $340.20 and a twelve month high of $515.05. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. The stock has a fifty day simple moving average of $469.77 and a 200-day simple moving average of $444.97.

Deere & Company (NYSE:DE) last released its quarterly earnings data 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%. Analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be paid a $1.62 dividend. The ex-dividend date is Monday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.43%. Deere & Company’s dividend payout ratio (DPR) is currently 28.72%.

Insiders Place Their Bets

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the transaction, the insider now directly owns 74,878 shares in the company, valued at $37,484,675.58. This represents a 24.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is currently 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.