1,882 Deere & Company $DE Shares Sold by Keybank National Association OH

Keybank National Association OH lessened its holdings in shares of Deere & Company (NYSE:DE) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,438 shares of the industrial products company’s stock after selling 1,882 shares during the quarter. Keybank National Association OH’s holdings in Deere & Company were worth $34,543,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cornerstone Wealth Management LLC raised its holdings in shares of Deere & Company by 0.9% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,997 shares of the industrial products company’s stock worth $2,684,000 after acquiring an additional 37 shares during the last quarter. Narwhal Capital Management lifted its position in Deere & Company by 167.5% in the 3rd quarter. Narwhal Capital Management now owns 1,720 shares of the industrial products company’s stock valued at $1,155,000 after acquiring an additional 1,077 shares in the last quarter. Triton Wealth Management PLLC bought a new position in Deere & Company in the 3rd quarter valued at about $229,000. Csenge Advisory Group boosted its stake in Deere & Company by 52.6% during the 3rd quarter. Csenge Advisory Group now owns 8,983 shares of the industrial products company’s stock valued at $6,033,000 after purchasing an additional 3,095 shares during the last quarter. Finally, Gen Wealth Partners Inc boosted its stake in Deere & Company by 11.7% during the 3rd quarter. Gen Wealth Partners Inc now owns 2,018 shares of the industrial products company’s stock valued at $1,355,000 after purchasing an additional 211 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Recent Deere & Company Headlines

Here are a few of the latest headlines about DE:

• Positive Sentiment: ETF activity showed net interest in Deere on Nov. 6: 36 ETFs added shares while 11 reduced holdings, with reported purchases totaling $86.4 million. This may indicate institutional demand, though the data are several days old. ETFs Bought $86.4 Million of Deere
• Neutral Sentiment: Deere attracted increased attention from Zacks.com users, but the report offers no specific new company developments or financial information to explain that interest. Deere Is Attracting Investor Attention
• Negative Sentiment: Deere plans to close two Iowa plants and move some production to other U.S. facilities and Brazil, citing the need to align capacity with demand. The restructuring could improve efficiency over time, but closures and production shifts bring execution and workforce uncertainty. Deere to End Production at Two Iowa Plants

Wall Street Analyst Weigh In

A number of analysts have commented on DE shares. Seaport Research Partners set a $570.00 price objective on Deere & Company in a report on Friday, August 14th. Truist Financial lowered their price objective on Deere & Company from $812.00 to $804.00 and set a “buy” rating for the company in a research note on Monday, August 24th. Robert W. Baird upgraded Deere & Company from a “neutral” rating to an “outperform” rating and raised their target price for the company from $640.00 to $800.00 in a report on Monday, August 31st. Barclays lifted their target price on Deere & Company from $640.00 to $675.00 and gave the company an “overweight” rating in a research report on Monday, August 24th. Finally, CICC Research initiated coverage on Deere & Company in a research report on Sunday, September 13th. They set an “outperform” rating on the stock. Seventeen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $688.10.

Deere & Company Stock Performance

Shares of DE stock opened at $691.45 on Thursday. The firm has a 50-day moving average of $669.14 and a 200-day moving average of $610.65. The company has a market cap of $186.43 billion, a P/E ratio of 38.41, a P/E/G ratio of 1.95 and a beta of 0.89. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89. Deere & Company has a one year low of $455.90 and a one year high of $721.22.

Deere & Company (NYSE:DE) last released its quarterly earnings results 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 net margin of 10.16% and a return on equity of 18.10%. The company had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same period last year, the firm earned $4.75 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. Equities research analysts forecast that Deere & Company will post 18.11 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th were paid a $1.62 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $6.48 annualized dividend and a yield of 0.9%. Deere & Company’s dividend payout ratio (DPR) is 36.00%.

About Deere & Company

Deere & Company, commonly known as John Deere, manufactures and distributes equipment and technology for agriculture, construction, forestry, and lawn care. Its products include tractors, combines, planting and spraying equipment, construction machinery, forestry equipment, and turf-care products, along with related parts and services. The company also provides precision agriculture technologies designed to help customers monitor and manage equipment and field operations. Through its Financial Services business, Deere offers financing and leasing options for equipment and related products.