EPG Wealth Management LLC Decreases Stake in Deere & Company (NYSE:DE)

EPG Wealth Management LLC lowered its stake in Deere & Company (NYSE:DE) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,834 shares of the industrial products company’s stock after selling 21 shares during the period. EPG Wealth Management LLC’s holdings in Deere & Company were worth $2,048,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Nordea Investment Management AB lifted its position in shares of Deere & Company by 765.4% during the 4th quarter. Nordea Investment Management AB now owns 209,616 shares of the industrial products company’s stock valued at $88,969,000 after buying an additional 185,395 shares in the last quarter. Spartan Planning & Wealth Management purchased a new stake in Deere & Company in the fourth quarter valued at $206,000. First County Bank CT raised its position in Deere & Company by 5.6% in the fourth quarter. First County Bank CT now owns 748 shares of the industrial products company’s stock valued at $317,000 after purchasing an additional 40 shares during the period. Range Financial Group LLC purchased a new position in Deere & Company in the 4th quarter valued at approximately $300,000. Finally, Peoples Bank KS raised its position in Deere & Company by 335.6% in the 4th quarter. Peoples Bank KS now owns 1,298 shares of the industrial products company’s stock valued at $550,000 after purchasing an additional 1,000 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Rajesh Kalathur sold 24,580 shares of the company’s 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 completion of the transaction, the insider now owns 74,878 shares in the company, valued at approximately $37,484,675.58. This represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DE shares. UBS Group lowered their price objective on Deere & Company from $462.00 to $440.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Citigroup decreased their price objective on Deere & Company from $480.00 to $450.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Robert W. Baird reissued a “neutral” rating and issued a $501.00 target price on shares of Deere & Company in a report on Monday, March 3rd. JPMorgan Chase & Co. upped their price target on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Finally, Baird R W cut Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $460.21.

Deere & Company Stock Down 1.1 %

Shares of Deere & Company stock opened at $476.24 on Wednesday. The business has a 50-day moving average of $464.78 and a 200-day moving average of $449.60. Deere & Company has a 1-year low of $340.20 and a 1-year high of $515.05. The company has a market capitalization of $129.26 billion, a PE ratio of 21.11, a P/E/G ratio of 2.14 and a beta of 1.08. 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) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. As a group, equities analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be given a dividend of $1.62 per share. The ex-dividend date is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.36%. Deere & Company’s dividend payout ratio is currently 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.