Spartan Wealth Advisory Services LLC Makes New $3.55 Million Investment in Deere & Company $DE

Spartan Wealth Advisory Services LLC bought a new stake in Deere & Company (NYSE:DE) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 6,300 shares of the industrial products company’s stock, valued at approximately $3,549,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DE. Key Capital Management INC acquired a new stake in shares of Deere & Company during the 4th quarter worth approximately $27,000. Timmons Wealth Management LLC bought a new position in Deere & Company in the fourth quarter valued at approximately $29,000. McIlrath & Eck LLC acquired a new position in Deere & Company during the fourth quarter valued at approximately $30,000. Portus Wealth Advisors LLC bought a new stake in Deere & Company during the first quarter worth $32,000. Finally, Wealth Watch Advisors INC acquired a new stake in shares of Deere & Company in the 3rd quarter valued at $32,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Key Deere & Company News

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

• Positive Sentiment: DA Davidson reiterated a buy rating on Deere & Company and lifted its price target to $685, signaling continued analyst confidence in upside potential. Benzinga
• Neutral Sentiment: Deere was highlighted in broader agriculture and industrial stock roundups, keeping investor attention on the company as a key name in the farm equipment sector. Best Agriculture Stocks To Watch Now – July 14th
• Neutral Sentiment: Erste Group Bank slightly lowered its FY2027 EPS forecast for Deere, which is a minor cautionary note but not a major change to longer-term earnings expectations. MarketBeat report on Deere EPS estimate cut
• Negative Sentiment: Deere also remains tied to a broader industrial-sector backdrop that has lagged the market recently, which can weigh on sentiment toward cyclical names. 1 Industrials Stock to Target This Week and 2 We Find Risky

Deere & Company Stock Down 0.2%

Shares of DE opened at $597.56 on Friday. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The stock has a market capitalization of $161.31 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 2.21 and a beta of 0.89. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18. The stock has a fifty day moving average of $582.55 and a 200-day moving average of $571.31.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, topping analysts’ consensus estimates of $5.70 by $0.85. The business had revenue of $13.37 billion for the quarter, compared to analyst estimates of $11.55 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.Deere & Company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.64 EPS. As a group, sell-side analysts anticipate that Deere & Company will post 18.13 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th 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 1.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Deere & Company’s dividend payout ratio (DPR) is presently 36.71%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DE shares. Truist Financial lifted their price target on Deere & Company from $759.00 to $812.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Citigroup upped their price objective on Deere & Company from $575.00 to $610.00 and gave the stock a “neutral” rating in a research report on Tuesday. Barclays raised their price objective on Deere & Company from $530.00 to $640.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. Royal Bank Of Canada reissued an “outperform” rating and set a $752.00 target price on shares of Deere & Company in a research note on Monday, June 1st. Finally, Robert W. Baird dropped their target price on shares of Deere & Company from $580.00 to $525.00 and set a “neutral” rating for the company in a report on Friday, May 22nd. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $642.98.

Deere & Company 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.