Dakota Wealth Management reduced its position in Deere & Company (NYSE:DE – Free Report) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,110 shares of the industrial products company’s stock after selling 802 shares during the period. Dakota Wealth Management’s holdings in Deere & Company were worth $11,499,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Deere & Company by 1.4% in the second quarter. Vanguard Group Inc. now owns 22,372,671 shares of the industrial products company’s stock valued at $11,376,279,000 after buying an additional 309,081 shares in the last quarter. State Street Corp raised its holdings in shares of Deere & Company by 0.6% in the 2nd quarter. State Street Corp now owns 10,386,268 shares of the industrial products company’s stock worth $5,297,913,000 after acquiring an additional 64,262 shares during the last quarter. Geode Capital Management LLC lifted its position in Deere & Company by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,541,778 shares of the industrial products company’s stock valued at $2,810,807,000 after acquiring an additional 111,627 shares in the last quarter. Norges Bank acquired a new position in Deere & Company during the 2nd quarter valued at about $1,578,243,000. Finally, Fisher Asset Management LLC increased its holdings in Deere & Company by 10.1% during the 2nd quarter. Fisher Asset Management LLC now owns 2,580,228 shares of the industrial products company’s stock worth $1,312,020,000 after purchasing an additional 236,406 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently commented on the company. Jefferies Financial Group downgraded Deere & Company from a “hold” rating to an “underperform” rating and increased their price objective for the stock from $475.00 to $550.00 in a research note on Monday. Royal Bank Of Canada increased their price target on Deere & Company from $541.00 to $736.00 and gave the company an “outperform” rating in a research report on Friday. Raymond James Financial reaffirmed an “outperform” rating and set a $765.00 price objective on shares of Deere & Company in a report on Monday. UBS Group upped their target price on shares of Deere & Company from $535.00 to $775.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a research report on Monday, December 29th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $637.70.
Deere & Company Trading Down 2.4%
NYSE DE opened at $646.61 on Tuesday. The business’s fifty day moving average is $525.73 and its 200-day moving average is $492.00. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.21 and a quick ratio of 1.96. The stock has a market capitalization of $175.28 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 2.64 and a beta of 1.02. Deere & Company has a one year low of $404.42 and a one year high of $674.19.
Deere & Company (NYSE:DE – Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.52. The business had revenue of $9.61 billion during the quarter, compared to the consensus estimate of $7.50 billion. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.19 earnings per share. Equities research analysts predict that Deere & Company will post 19.32 EPS for the current year.
Deere & Company Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Wednesday, December 31st were issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Deere & Company’s payout ratio is 36.53%.
More Deere & Company News
Here are the key news stories impacting Deere & Company this week:
- Positive Sentiment: Morgan Stanley raised its price target sharply to $730 and maintained an Overweight, one of several recent target increases that support a higher-through-cycle valuation for Deere. Morgan Stanley raises DE target
- Positive Sentiment: Multiple firms have raised price targets (examples: $793, $775, $750, $736 and $615 in recent notes), reflecting analyst views that Deere’s Q1 beat and raised guidance justify higher through‑cycle earnings and price targets. Sample price target raise
- Positive Sentiment: Analysts and models are rerating Deere after a strong Q1 (revenue and EPS beat plus raised guidance), with some fair‑value estimates moving materially higher—this underpins the bullish thesis for longer‑term earnings power. Narrative shift after Q1
- Positive Sentiment: Bayer and John Deere announced tighter integration between FieldView and Operations Center to streamline prescription-to-execution workflows for U.S. farmers — a product/partnership win that could improve product stickiness and services revenue. Bayer partnership
- Neutral Sentiment: Deere is drawing heavy retail and institutional attention (high search/coverage), which increases intraday volatility as investors digest conflicting analyst views. Watch volume and short‑term news flow. Zacks investor attention
- Negative Sentiment: Jefferies downgraded Deere to Underperform/Sell, arguing the stock already prices in a full farm cycle recovery while U.S. farm incomes remain under pressure — that bearish call is a primary driver of near‑term selling pressure and increased debate about valuation. Jefferies downgrade
Insider Activity at Deere & Company
In other Deere & Company news, insider Cory J. Reed sold 12,000 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total value of $6,120,000.00. Following the sale, the insider directly owned 20,792 shares in the company, valued at $10,603,920. The trade was a 36.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John C. May II sold 41,472 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $501.49, for a total value of $20,797,793.28. Following the transaction, the chief executive officer owned 117,970 shares of the company’s stock, valued at $59,160,775.30. The trade was a 26.01% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by corporate insiders.
Deere & Company Profile
Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.
The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.
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