Investment Partners LTD. Buys New Position in Deere & Company $DE

Investment Partners LTD. bought a new stake in Deere & Company (NYSE:DE) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 1,279 shares of the industrial products company’s stock, valued at approximately $859,000.

Other institutional investors have also modified their holdings of the company. Global Assets Advisory LLC raised its holdings in Deere & Company by 6.3% during the third quarter. Global Assets Advisory LLC now owns 923 shares of the industrial products company’s stock worth $635,000 after purchasing an additional 55 shares in the last quarter. Summit Global Investments boosted its holdings in Deere & Company by 4.7% in the 3rd quarter. Summit Global Investments now owns 756 shares of the industrial products company’s stock valued at $508,000 after purchasing an additional 34 shares in the last quarter. Invera Wealth Advisors LLC boosted its holdings in Deere & Company by 9.6% in the 3rd quarter. Invera Wealth Advisors LLC now owns 752 shares of the industrial products company’s stock valued at $505,000 after purchasing an additional 66 shares in the last quarter. Aprio Wealth Management LLC increased its position in Deere & Company by 3.0% during the 3rd quarter. Aprio Wealth Management LLC now owns 2,133 shares of the industrial products company’s stock worth $1,433,000 after purchasing an additional 63 shares during the period. Finally, LJI Wealth Management LLC acquired a new position in Deere & Company during the 3rd quarter worth approximately $201,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DE. JPMorgan Chase & Co. increased their target price on Deere & Company from $585.00 to $625.00 and gave the stock a “neutral” rating in a research note on Thursday, October 8th. UBS Group decreased their price target on Deere & Company from $732.00 to $728.00 and set a “buy” rating on the stock in a research note on Friday, August 21st. Truist Financial dropped their price objective on Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a report on Monday, August 24th. Barclays increased their price objective on Deere & Company from $640.00 to $675.00 and gave the stock an “overweight” rating in a research report on Monday, August 24th. Finally, Bank of America raised their target price on Deere & Company from $667.00 to $715.00 in a report on Thursday, September 24th. Seventeen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $688.10.

Deere & Company Trading Down 0.1%

Shares of Deere & Company stock opened at $675.03 on Monday. The business has a 50 day moving average price of $663.79 and a 200 day moving average price of $604.16. Deere & Company has a 1 year low of $454.50 and a 1 year high of $721.22. The company has a market capitalization of $182.00 billion, a P/E ratio of 37.50, a P/E/G ratio of 2.47 and a beta of 0.89. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The business had revenue of $12.61 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the previous year, the business posted $4.75 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. Sell-side analysts anticipate that Deere & Company will post 18.11 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be issued a $1.62 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 annualized dividend and a yield of 1.0%. Deere & Company’s payout ratio is 36.00%.

Key Deere & Company News

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

• Positive Sentiment: Deere was largely insulated from the machinery-sector selloff that hit Caterpillar after its moderate outlook. The relative resilience suggests investors viewed Deere’s farm-equipment exposure and outlook more favorably. Caterpillar Drops 7% as Moderate Sales Outlook Overshadows Beat; Deere Sits Out the Selloff
• Positive Sentiment: Analysts highlighted smart-farming technology, automation and cost controls as potential support for Deere, particularly as long-term agricultural demand and equipment investment improve. Zacks Industry Outlook Highlights Deere & Co., Kubota and CNH Industrial
• Positive Sentiment: One valuation analysis estimates Deere may be undervalued by approximately 16%, with cybersecurity developments adding a potential catalyst if the company can strengthen its technology and risk-management position. Deere Stock May Be 16% Undervalued on AI Cyberattack News
• Neutral Sentiment: Analysts expect Deere’s upcoming fourth-quarter report to show a single-digit increase in profit, keeping earnings expectations in focus ahead of the release. Deere & Company’s Earnings: What to Expect
• Negative Sentiment: Wheat’s prolonged decline is pressuring farmers’ incomes and balance sheets, which could eventually reduce demand for new agricultural equipment or delay replacement purchases. Farmers Are Getting Crushed as Wheat Slides for a Record Stretch

Deere & Company Profile

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.