Rayburn West Financial Services LLC Purchases Shares of 6,500 Deere & Company $DE

Rayburn West Financial Services LLC acquired a new stake in shares of Deere & Company (NYSE:DE) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 6,500 shares of the industrial products company’s stock, valued at approximately $4,123,000. Deere & Company comprises about 2.3% of Rayburn West Financial Services LLC’s holdings, making the stock its 16th biggest position.

Several other large investors have also modified their holdings of the stock. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Deere & Company in the second quarter valued at approximately $27,000. Timmons Wealth Management LLC purchased a new position in Deere & Company during the fourth quarter worth approximately $29,000. McIlrath & Eck LLC acquired a new position in shares of Deere & Company in the 4th quarter valued at $30,000. Portus Wealth Advisors LLC acquired a new position in shares of Deere & Company in the 1st quarter valued at $32,000. Finally, Wealth Watch Advisors INC purchased a new stake in shares of Deere & Company during the 3rd quarter valued at $32,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Stock Performance

Shares of DE stock opened at $589.18 on Wednesday. The company’s fifty day simple moving average is $603.98 and its 200-day simple moving average is $589.29. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54. The company has a market cap of $159.04 billion, a PE ratio of 33.38, a P/E/G ratio of 2.57 and a beta of 0.90.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, beating the consensus estimate of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The business had revenue of $13.37 billion for the quarter, compared to analyst estimates of $11.55 billion. During the same quarter in the previous year, the business posted $6.64 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts anticipate that Deere & Company will post 18.21 EPS for the current year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th were 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 was Tuesday, June 30th. Deere & Company’s payout ratio is currently 36.71%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Raymond James Financial dropped their price objective on Deere & Company from $765.00 to $700.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. Weiss Ratings raised Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a research note on Sunday, July 5th. Oppenheimer restated an “outperform” rating and set a $680.00 price target (down from $715.00) on shares of Deere & Company in a research note on Wednesday, May 27th. Finally, Seaport Research Partners set a $570.00 price objective on Deere & Company in a report on Friday. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $641.98.

More Deere & Company News

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

• Positive Sentiment: Analysts expect Deere’s upcoming quarter to show modest year-over-year growth, with projected earnings of approximately $4.79 per share and revenue of $10.78 billion. Estimates have generally moved higher, which could support the stock if Deere delivers or raises its outlook. Deere Earnings Loom As Precision Agriculture Narrative Keeps Fair Value In Focus
• Positive Sentiment: The precision-agriculture investment story remains a long-term potential catalyst. Deere’s technology and automation initiatives could improve productivity and support valuation if adoption accelerates. Are Wall Street Analysts Bullish on Deere & Company Stock?
• Neutral Sentiment: Deere is approaching its third-quarter earnings release with investor attention focused on revenue, margins, production levels and management’s outlook. The stock has generated strong longer-term returns, raising the bar for another positive surprise. Insights Into Deere Q3: Wall Street Projections for Key Metrics
• Negative Sentiment: Weak agricultural spending and elevated production costs could pressure Deere’s earnings and margins even if headline revenue and profit estimates improve. This makes the upcoming guidance particularly important for the share price. Deere Set to Report Q3 Earnings
• Negative Sentiment: JPMorgan cut its Deere price target to $570, signaling that the bank sees downside risk relative to recent trading levels. JPMorgan Cuts Deere Price Target
• Negative Sentiment: ARK Invest reportedly exited about $60 million of its Deere position while increasing investments in technology stocks. Although the sale does not change Deere’s fundamentals, it adds selling pressure and reinforces concerns about near-term investor preference for AI-oriented growth companies. ARK Invest Exits Deere Position

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.