Brandywine Global Investment Management LLC Has $158.28 Million Stock Holdings in Deere & Company (NYSE:DE)

Brandywine Global Investment Management LLC raised its position in Deere & Company (NYSE:DE) by 8.0% in the 4th quarter, HoldingsChannel reports. The fund owned 373,567 shares of the industrial products company’s stock after purchasing an additional 27,643 shares during the period. Deere & Company makes up about 1.1% of Brandywine Global Investment Management LLC’s investment portfolio, making the stock its 16th biggest holding. Brandywine Global Investment Management LLC’s holdings in Deere & Company were worth $158,280,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DE. Everence Capital Management Inc. boosted its position in shares of Deere & Company by 148.3% during the 4th quarter. Everence Capital Management Inc. now owns 12,223 shares of the industrial products company’s stock valued at $5,179,000 after acquiring an additional 7,300 shares in the last quarter. Compass Financial Services Inc bought a new position in Deere & Company during the fourth quarter worth about $254,000. Toronto Dominion Bank boosted its holdings in Deere & Company by 1.5% during the third quarter. Toronto Dominion Bank now owns 86,952 shares of the industrial products company’s stock valued at $36,288,000 after purchasing an additional 1,291 shares in the last quarter. Czech National Bank grew its stake in shares of Deere & Company by 5.7% in the 4th quarter. Czech National Bank now owns 55,170 shares of the industrial products company’s stock valued at $23,376,000 after purchasing an additional 2,964 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Deere & Company in the 3rd quarter worth approximately $86,337,000. Institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on DE shares. Evercore ISI boosted their price target on Deere & Company from $437.00 to $455.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Truist Financial restated a “buy” rating and issued a $546.00 target price (down previously from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. Jefferies Financial Group cut shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a research report on Friday, December 6th. Baird R W lowered shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $501.00 price objective on shares of Deere & Company in a research note on Monday, March 3rd. Fourteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $460.00.

Deere & Company Stock Down 3.0 %

NYSE DE opened at $465.27 on Friday. The stock has a market capitalization of $126.28 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The stock has a fifty day moving average of $477.28 and a 200-day moving average of $439.76.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping analysts’ consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. On average, equities research analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Monday, March 31st. Deere & Company’s dividend payout ratio (DPR) is 28.72%.

Insider Activity at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the stock in a transaction 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 transaction, the insider now owns 74,878 shares of the company’s stock, valued at $37,484,675.58. This represents a 24.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by company insiders.

Deere & 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.