Bank Julius Baer & Co. Ltd Zurich Has $9.57 Million Holdings in Deere & Company $DE

Bank Julius Baer & Co. Ltd Zurich decreased its holdings in Deere & Company (NYSE:DE) by 46.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,475 shares of the industrial products company’s stock after selling 17,721 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Deere & Company were worth $9,568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Western Wealth Management LLC raised its position in Deere & Company by 16.8% during the 4th quarter. Western Wealth Management LLC now owns 1,346 shares of the industrial products company’s stock worth $627,000 after purchasing an additional 194 shares during the last quarter. Allworth Financial LP grew its position in shares of Deere & Company by 42.9% in the 4th quarter. Allworth Financial LP now owns 13,820 shares of the industrial products company’s stock valued at $6,434,000 after buying an additional 4,150 shares during the last quarter. HighMark Wealth Management LLC grew its position in shares of Deere & Company by 36.0% in the 4th quarter. HighMark Wealth Management LLC now owns 151 shares of the industrial products company’s stock valued at $70,000 after buying an additional 40 shares during the last quarter. Rayburn West Financial Services LLC acquired a new stake in shares of Deere & Company in the fourth quarter valued at about $3,007,000. Finally, Atria Investments Inc increased its stake in shares of Deere & Company by 1.1% in the fourth quarter. Atria Investments Inc now owns 17,071 shares of the industrial products company’s stock valued at $7,948,000 after buying an additional 188 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Performance

Shares of DE stock opened at $574.66 on Friday. The company has a market cap of $155.22 billion, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 2.03 and a beta of 0.96. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The company has a quick ratio of 1.96, a current ratio of 2.21 and a debt-to-equity ratio of 1.59. The firm has a 50 day moving average of $582.00 and a 200-day moving average of $536.84.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.52. The company had revenue of $9.61 billion for 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%. Deere & Company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.19 EPS. On average, equities analysts forecast that Deere & Company will post 18.01 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st were issued a dividend of $1.62 per share. The ex-dividend date was Tuesday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. Deere & Company’s dividend payout ratio is currently 36.53%.

Key Headlines Impacting Deere & Company

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: Deere continues to get attention as a potential beneficiary of improving trade relations, with some market commentary pointing to upside if the Trump-Xi summit eases pressure on agriculture and equipment demand. NVIDIA, Boeing, Deere: 3 Stocks With the Most to Gain From Trump’s Beijing Summit
• Positive Sentiment: The company is extending its brand beyond farm machinery with a lifestyle collaboration at Walmart, which could support consumer awareness and brand value over time. John Deere Tests Brand Reach With Every Man Jack Walmart Grooming Line
• Neutral Sentiment: Deere is drawing investor attention ahead of its upcoming earnings report, but the recent preview coverage mainly highlights heightened interest rather than a clear catalyst. Deere & Company (DE) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Some commentary frames Deere as an agriculture stock worth watching, but the note does not point to a specific near-term driver for the shares. Best Agriculture Stocks To Follow Now – May 12th
• Negative Sentiment: Multiple earnings-preview pieces say Deere's upcoming quarterly results are expected to decline, which can weigh on the stock by raising concerns about margin and profit momentum. Earnings Preview: Deere (DE) Q2 Earnings Expected to Decline
• Negative Sentiment: Recent trading commentary notes Deere has been falling even while the market was moving higher, suggesting investors are rotating away from the name ahead of earnings. Deere (DE) Stock Falls Amid Market Uptick: What Investors Need to Know

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. UBS Group lifted their price objective on Deere & Company from $535.00 to $775.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. BMO Capital Markets increased their target price on shares of Deere & Company from $460.00 to $500.00 and gave the company a “market perform” rating in a research report on Friday, February 20th. Oppenheimer restated an “outperform” rating and set a $715.00 price target on shares of Deere & Company in a report on Friday, February 20th. Citigroup reduced their price objective on shares of Deere & Company from $675.00 to $625.00 and set a “neutral” rating on the stock in a research note on Monday, March 9th. Finally, Barclays increased their price objective on shares of Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Fifteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Deere & Company has a consensus rating of “Moderate Buy” and an average price target of $655.45.

About Deere & Company

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.