Diversify Wealth Management LLC Makes New Investment in Deere & Company $DE

Diversify Wealth Management LLC acquired a new stake in shares of Deere & Company (NYSE:DE) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,825 shares of the industrial products company’s stock, valued at approximately $1,582,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Anchyra Partners LLC raised its position in shares of Deere & Company by 0.5% during the 1st quarter. Anchyra Partners LLC now owns 3,191 shares of the industrial products company’s stock worth $1,797,000 after buying an additional 17 shares in the last quarter. William B. Walkup & Associates Inc. lifted its stake in shares of Deere & Company by 0.6% in the 1st quarter. William B. Walkup & Associates Inc. now owns 2,908 shares of the industrial products company’s stock worth $1,638,000 after acquiring an additional 17 shares during the period. Cerro Pacific Wealth Advisors LLC boosted its holdings in shares of Deere & Company by 0.6% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 3,179 shares of the industrial products company’s stock valued at $1,480,000 after acquiring an additional 19 shares in the last quarter. Hazlett Burt & Watson Inc. increased its stake in shares of Deere & Company by 2.4% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 816 shares of the industrial products company’s stock valued at $379,000 after acquiring an additional 19 shares during the period. Finally, Root Financial Partners LLC increased its stake in shares of Deere & Company by 2.2% during the fourth quarter. Root Financial Partners LLC now owns 880 shares of the industrial products company’s stock valued at $410,000 after acquiring an additional 19 shares during the period. Institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

DE has been the subject of a number of research analyst reports. Robert W. Baird cut their target price on Deere & Company from $580.00 to $525.00 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Citigroup lifted their price target on Deere & Company from $575.00 to $610.00 and gave the company a “neutral” rating in a research report on Tuesday. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a research note on Sunday, July 5th. Royal Bank Of Canada restated an “outperform” rating and issued a $752.00 price objective on shares of Deere & Company in a report on Monday, June 1st. Finally, Truist Financial raised their target price on Deere & Company from $759.00 to $812.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $642.98.

Deere & Company Stock Down 0.2%

DE stock opened at $584.40 on Wednesday. The firm has a market cap of $157.75 billion, a PE ratio of 33.11, a P/E/G ratio of 2.17 and a beta of 0.89. Deere & Company has a 12 month low of $433.00 and a 12 month high of $674.19. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. The firm has a 50 day simple moving average of $581.81 and a 200 day simple moving average of $569.35.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.70 by $0.85. The firm had revenue of $13.37 billion for the quarter, compared to analyst estimates of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.64 earnings per share. Equities research analysts forecast that Deere & Company will post 18.13 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, June 30th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, June 30th. Deere & Company’s payout ratio is presently 36.71%.

Key Stories Impacting Deere & Company

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

• Positive Sentiment: Analysts and market commentators continue to point to Deere’s roughly $20 billion precision-agriculture push as a potential long-term growth driver, suggesting stronger technology adoption and higher-value equipment sales could support future earnings. Deere’s $20 Billion Precision Ag Push Is Transforming Farming And That Is Good News For the Stock
• Positive Sentiment: Recent articles noting that Deere is attracting investor attention may reflect renewed trading interest in the stock, especially after its strong earnings beat earlier this year showed solid pricing power and revenue growth. Deere & Company (DE) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Coverage from another market roundup again flagged Deere as a stock worth watching, but it did not add a new catalyst beyond general investor interest. Deere & Company (DE) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Broader “best agriculture stocks” and other watchlist-style mentions add visibility to Deere but do not appear to change the investment outlook on their own.
• Negative Sentiment: The biggest headline today is the FTC settlement in the right-to-repair case, which reinforces regulatory and legal pressure on Deere’s repair policies and could increase the risk of lower-margin service competition. FTC reaches settlement with Deere in ‘right to repair’ suit
• Negative Sentiment: Follow-up reporting that farmers may win the right to repair their own John Deere equipment raises similar concerns for Deere’s ecosystem control and aftermarket revenue stream. Farmers win right to repair their own John Deere equipment; could it become law?

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.