Boston Partners Sells 3,874 Shares of Deere & Company (NYSE:DE)

Boston Partners cut its stake in Deere & Company (NYSE:DE - Free Report) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 603,128 shares of the industrial products company's stock after selling 3,874 shares during the period. Boston Partners owned approximately 0.22% of Deere & Company worth $256,667,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DE. Generali Asset Management SPA SGR bought a new position in Deere & Company during the 4th quarter valued at $3,177,000. Horizon Investments LLC boosted its stake in Deere & Company by 2.9% during the fourth quarter. Horizon Investments LLC now owns 4,455 shares of the industrial products company's stock valued at $1,888,000 after buying an additional 124 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Deere & Company by 6.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 32,728 shares of the industrial products company's stock valued at $13,509,000 after purchasing an additional 1,934 shares in the last quarter. PDS Planning Inc boosted its position in shares of Deere & Company by 1.1% during the 4th quarter. PDS Planning Inc now owns 6,312 shares of the industrial products company's stock valued at $2,674,000 after purchasing an additional 66 shares in the last quarter. Finally, Mystic Asset Management Inc. boosted its position in shares of Deere & Company by 7.4% during the 4th quarter. Mystic Asset Management Inc. now owns 4,149 shares of the industrial products company's stock valued at $1,758,000 after purchasing an additional 286 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of analysts recently weighed in on DE shares. Truist Financial restated a "buy" rating and set a $546.00 target price (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. StockNews.com lowered Deere & Company from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. Citigroup increased their price target on Deere & Company from $430.00 to $480.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Robert W. Baird restated a "neutral" rating and set a $501.00 price target on shares of Deere & Company in a report on Monday, March 3rd. Finally, Evercore ISI raised their price objective on shares of Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $460.00.

Insider Activity

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the firm'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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is owned by company insiders.

Deere & Company Stock Performance

Deere & Company stock traded down $5.12 during trading hours on Friday, reaching $471.90. 1,684,992 shares of the company were exchanged, compared to its average volume of 1,361,832. The firm has a market cap of $128.08 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 2.14 and a beta of 1.01. 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 50-day moving average of $473.25 and a 200 day moving average of $436.57. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping 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, research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be given a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.37%. Deere & Company's dividend payout ratio is 28.72%.

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.