PNC Financial Services Group Inc. Sells 4,868 Shares of Deere & Company $DE

PNC Financial Services Group Inc. trimmed its position in shares of Deere & Company (NYSE:DE) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 241,953 shares of the industrial products company’s stock after selling 4,868 shares during the period. PNC Financial Services Group Inc.’s holdings in Deere & Company were worth $112,646,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Cerro Pacific Wealth Advisors LLC grew its position in shares of Deere & Company by 0.6% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 3,179 shares of the industrial products company’s stock worth $1,480,000 after buying an additional 19 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in Deere & Company by 2.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 773 shares of the industrial products company’s stock valued at $360,000 after acquiring an additional 20 shares during the last quarter. Family Legacy Inc. boosted its stake in Deere & Company by 0.3% in the fourth quarter. Family Legacy Inc. now owns 7,894 shares of the industrial products company’s stock valued at $3,675,000 after acquiring an additional 20 shares in the last quarter. Bouchey Financial Group Ltd grew its holdings in Deere & Company by 4.4% in the third quarter. Bouchey Financial Group Ltd now owns 500 shares of the industrial products company’s stock worth $229,000 after purchasing an additional 21 shares during the last quarter. Finally, Silvant Capital Management LLC grew its holdings in Deere & Company by 0.5% in the third quarter. Silvant Capital Management LLC now owns 4,449 shares of the industrial products company’s stock worth $2,034,000 after purchasing an additional 21 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors.

Deere & Company News Roundup

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

• Neutral Sentiment: Deere is set to report Q2 results Thursday, and traders expect the announcement to drive a sizable move as they look for updates on farm-equipment demand, pricing, and margin trends. Deere Reports Earnings Thursday. Here’s How Much Traders Expect Its Stock to Move
• Neutral Sentiment: Analysts and market commentary are focusing on Deere’s earnings outlook, with investors looking for signs that recent tariff headwinds and elevated inflation are affecting the agricultural economy and equipment replacement cycles. Deere Earnings Due. It Also Has A Caterpillar-Like Growth Lever.
• Negative Sentiment: Reports highlighting soft farm demand and rising tariff pressures point to potential downside risk if Deere’s guidance shows that growers are delaying purchases or facing weaker profitability. Deere heads into Q2 earnings amid soft farm demand and rising tariff pressures
• Negative Sentiment: Ongoing right-to-repair litigation remains an overhang, adding legal and reputational risk even as Deere previously moved toward a $99 million settlement in a related case. Deere faces latest right-to-repair lawsuit; this time about construction

Deere & Company Trading Up 0.6%

NYSE:DE opened at $561.14 on Thursday. The company has a market capitalization of $151.57 billion, a P/E ratio of 31.63, a PEG ratio of 1.95 and a beta of 0.96. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59. Deere & Company has a 12 month low of $433.00 and a 12 month high of $674.19. The firm has a fifty day simple moving average of $579.04 and a 200-day simple moving average of $539.38.

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 the consensus estimate of $1.90 by $0.52. The firm had revenue of $9.61 billion for the quarter, compared to the consensus estimate of $7.50 billion. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The firm’s revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.19 EPS. On average, equities research analysts anticipate that Deere & Company will post 18.01 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, March 31st. Deere & Company’s payout ratio is presently 36.53%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Citigroup decreased their price objective on Deere & Company from $675.00 to $625.00 and set a “neutral” rating for the company in a report on Monday, March 9th. BMO Capital Markets boosted their target price on Deere & Company from $460.00 to $500.00 and gave the stock a “market perform” rating in a research note on Friday, February 20th. Royal Bank Of Canada upped their target price on Deere & Company from $541.00 to $736.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. UBS Group raised their price target on Deere & Company from $535.00 to $775.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, DA Davidson boosted their price target on Deere & Company from $580.00 to $775.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Fifteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Deere & Company has a consensus rating of “Moderate Buy” and an average price target of $655.45.

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.