4,164 Deere & Company $DE Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. lifted its holdings in shares of Deere & Company (NYSE:DE) by 47.5% during the third quarter, HoldingsChannel.com reports. The fund owned 12,928 shares of the industrial products company’s stock after purchasing an additional 4,164 shares during the quarter. Vise Technologies Inc.’s holdings in Deere & Company were worth $8,682,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Deere & Company during the 2nd quarter worth $11,763,504,000. Bank of America Corp DE purchased a new position in Deere & Company during the 2nd quarter worth $1,685,093,000. Bank of New York Mellon Corp acquired a new position in Deere & Company in the second quarter valued at $1,259,279,000. Legal & General Group Plc acquired a new position in Deere & Company in the second quarter valued at $957,456,000. Finally, Wellington Management Group LLP raised its holdings in shares of Deere & Company by 84.3% in the second quarter. Wellington Management Group LLP now owns 3,088,628 shares of the industrial products company’s stock valued at $1,959,209,000 after buying an additional 1,412,694 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

More 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

Wall Street Analysts Forecast Growth

DE has been the subject of several recent research reports. Seaport Research Partners set a $570.00 target price on shares of Deere & Company in a research note on Friday, August 14th. Wall Street Zen cut Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. CICC Research started coverage on Deere & Company in a research note on Sunday, September 13th. They issued an “outperform” rating on the stock. Oppenheimer boosted their target price on Deere & Company from $680.00 to $685.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. Finally, Weiss Ratings upgraded Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, September 21st. Seventeen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $688.10.

Deere & Company Trading Down 0.1%

NYSE DE opened at $675.03 on Monday. The stock 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. Deere & Company has a 52-week low of $454.50 and a 52-week high of $721.22. The firm has a 50-day moving average price of $663.79 and a 200 day moving average price of $604.16. The company has a quick ratio of 1.89, a current ratio of 2.10 and a debt-to-equity ratio of 1.45.

Deere & Company (NYSE:DE) last announced 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 return on equity of 18.10% and a net margin of 10.16%. The company had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the previous year, the company earned $4.75 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts expect that Deere & Company will post 18.11 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently declared 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. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is currently 36.00%.

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.