5,770 Deere & Company $DE Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its position in Deere & Company (NYSE:DE) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 324,550 shares of the industrial products company’s stock after purchasing an additional 5,770 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Deere & Company were worth $217,956,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Baxter Bros Inc. purchased a new stake in Deere & Company during the 2nd quarter valued at approximately $1,707,000. Global Retirement Partners LLC acquired a new stake in Deere & Company during the 2nd quarter worth approximately $3,890,000. Nykredit A S acquired a new stake in Deere & Company during the 2nd quarter worth approximately $44,378,000. TRB Wealth Management LLC purchased a new position in shares of Deere & Company in the 2nd quarter valued at approximately $623,000. Finally, NewEdge Advisors LLC grew its stake in shares of Deere & Company by 11.8% in the 2nd quarter. NewEdge Advisors LLC now owns 43,459 shares of the industrial products company’s stock valued at $27,567,000 after purchasing an additional 4,586 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Barclays boosted their target price on Deere & Company from $640.00 to $675.00 and gave the company an “overweight” rating in a report on Monday, August 24th. Oppenheimer increased their price target on Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $752.00 price objective on shares of Deere & Company in a research report on Monday, August 24th. Nomura raised shares of Deere & Company to a “buy” rating in a research note on Monday, August 31st. Finally, Truist Financial cut their price objective on shares of Deere & Company from $812.00 to $804.00 and set a “buy” rating for the company in a research report on Monday, August 24th. Seventeen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Deere & Company has an average rating of “Moderate Buy” and a consensus target price of $688.10.

Trending Headlines about Deere & Company

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 Trading Up 1.3%

NYSE:DE opened at $671.99 on Friday. The stock has a fifty day moving average price of $667.02 and a two-hundred day moving average price of $608.14. The stock has a market capitalization of $181.18 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 1.90 and a beta of 0.89. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10. Deere & Company has a 1 year low of $455.90 and a 1 year high of $721.22.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. The company had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. Deere & Company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $4.75 earnings per share. As a group, sell-side analysts anticipate that Deere & Company will post 18.11 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is currently 36.00%.

About Deere & Company