Deere & Company (NYSE:DE) Stock Breaks Above 50-Day Moving Average – Should You Sell?

Deere & Company (NYSE:DE) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $663.79 and traded as high as $675.88. Deere & Company shares last traded at $675.03, with a volume of 1,254,125 shares traded.

Key Headlines Impacting Deere & Company

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $752.00 target price on shares of Deere & Company in a research note on Monday, August 24th. Evercore raised shares of Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 price objective on the stock in a research report on Wednesday, September 2nd. Bank of America raised their price target on Deere & Company from $667.00 to $715.00 in a research note on Thursday, September 24th. JPMorgan Chase & Co. upped their price objective on Deere & Company from $585.00 to $625.00 and gave the company a “neutral” rating in a research note on Thursday, October 8th. Finally, UBS Group reduced their price target on Deere & Company from $732.00 to $728.00 and set a “buy” rating for the company in a research note on Friday, August 21st. Seventeen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $688.10.

Deere & Company Trading Up 2.3%

The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89. The stock’s 50 day simple moving average is $663.79 and its two-hundred day simple moving average is $604.16. The stock has a market capitalization of $182.00 billion, a PE ratio of 37.50, a PEG ratio of 2.47 and a beta of 0.86.

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

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.0%. Deere & Company’s payout ratio is 36.00%.

Institutional Trading of Deere & Company

Hedge funds have recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC raised its holdings in shares of Deere & Company by 1.8% in the third quarter. Pathway Financial Advisers LLC now owns 1,385 shares of the industrial products company’s stock worth $930,000 after buying an additional 25 shares during the period. Bfsg LLC increased its holdings in Deere & Company by 40.9% in the 3rd quarter. Bfsg LLC now owns 62 shares of the industrial products company’s stock worth $42,000 after buying an additional 18 shares during the period. JCIC Asset Management Inc. grew its stake in shares of Deere & Company by 0.6% during the 3rd quarter. JCIC Asset Management Inc. now owns 5,535 shares of the industrial products company’s stock worth $3,717,000 after purchasing an additional 32 shares during the period. 3Chopt Investment Partners LLC lifted its position in shares of Deere & Company by 4.0% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 1,683 shares of the industrial products company’s stock valued at $1,133,000 after buying an additional 64 shares in the last quarter. Finally, Team Financial Group LLC acquired a new position in Deere & Company in the 3rd quarter valued at $137,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company 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.