10,360 Deere & Company $DE Shares Sold by Ethic Inc.

Ethic Inc. cut its holdings in Deere & Company (NYSE:DE) by 31.0% during the 3rd quarter, Holdings Channel reports. The firm owned 23,021 shares of the industrial products company’s stock after selling 10,360 shares during the period. Ethic Inc.’s holdings in Deere & Company were worth $15,460,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DE. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Deere & Company during the 2nd quarter worth approximately $27,000. Kilter Group LLC acquired a new stake in Deere & Company during the 2nd quarter valued at $29,000. Solstein Capital LLC acquired a new stake in Deere & Company during the 2nd quarter valued at $30,000. Orion Capital Management LLC acquired a new stake in Deere & Company during the 2nd quarter valued at $32,000. Finally, Markowski Investments purchased a new position in Deere & Company during the second quarter worth $34,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DE shares. DA Davidson boosted their price target on Deere & Company from $685.00 to $760.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Citigroup increased their price objective on Deere & Company from $610.00 to $650.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Wall Street Zen cut Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Seaport Research Partners set a $570.00 price objective on Deere & Company in a research report on Friday, August 14th. Finally, CICC Research initiated coverage on shares of Deere & Company in a research note on Sunday, September 13th. They issued an “outperform” rating for the company. Seventeen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Deere & Company currently has an average rating of “Moderate Buy” and an average target price of $688.10.

Deere & Company Price Performance

Shares of NYSE:DE opened at $671.99 on Friday. The company has a market cap of $181.18 billion, a P/E ratio of 37.33, a P/E/G ratio of 1.90 and a beta of 0.89. 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 has a 52 week low of $455.90 and a 52 week high of $721.22. The business has a fifty day simple moving average of $667.02 and a 200-day simple moving average of $608.14.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The firm had revenue of $12.61 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the prior year, the business posted $4.75 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts forecast 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. 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’s See & Spray technology was cited as an example of AI improving farm productivity; the system can reduce pesticide use by as much as 75%. That efficiency potential may support customer economics and demand for Deere’s precision-agriculture offerings. Are eBay and Deere stocks under-the-radar AI beneficiaries?
• Positive Sentiment: A Zacks article included Deere among AgriTech and food-innovation stocks, pointing to strategic investment, operational improvements, and growth opportunities as reasons it may suit investors seeking portfolio stability. 2 AgriTech and Food Innovation Stocks to Buy for a Stable Portfolio
• Neutral Sentiment: Recent coverage compares Deere with Kubota (KUBTY) for value investors but the provided summaries do not say which company comes out ahead. The comparison alone offers no clear new signal on Deere’s valuation. KUBTY vs. DE: Which Stock Should Value Investors Buy Now?
• Negative Sentiment: Deere plans to close two Iowa facilities and consolidate production, including moving small-planter production and shifting work to its Ankeny plant. The restructuring could improve efficiency over time, but closures and associated disruption may concern investors in the near term. John Deere Consolidates U.S. Plants, Will Close 2 Iowa Factories

Deere & Company Company Profile