Cibc World Market Inc. Boosts Stock Holdings in Deere & Company $DE

Cibc World Market Inc. raised its stake in Deere & Company (NYSE:DE) by 30.9% during the fourth quarter, Holdings Channel reports. The firm owned 66,044 shares of the industrial products company’s stock after purchasing an additional 15,595 shares during the period. Cibc World Market Inc.’s holdings in Deere & Company were worth $30,748,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strategic Advocates LLC acquired a new position in Deere & Company in the third quarter valued at $25,000. Key Capital Management INC acquired a new position in shares of Deere & Company in the 4th quarter valued at about $27,000. McIlrath & Eck LLC purchased a new stake in shares of Deere & Company during the 4th quarter worth about $30,000. Wealth Watch Advisors INC acquired a new stake in Deere & Company during the 3rd quarter worth approximately $32,000. Finally, Tucker Asset Management LLC purchased a new position in Deere & Company in the fourth quarter valued at approximately $34,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DE. BMO Capital Markets boosted their price objective on shares of Deere & Company from $460.00 to $500.00 and gave the stock a “market perform” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. upped their price target on shares of Deere & Company from $560.00 to $590.00 and gave the stock a “neutral” rating in a research report on Thursday. Weiss Ratings raised Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Royal Bank Of Canada restated an “outperform” rating and set a $752.00 price objective on shares of Deere & Company in a research note on Monday. Finally, Wolfe Research increased their target price on Deere & Company from $550.00 to $660.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Fifteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Deere & Company currently has a consensus rating of “Moderate Buy” and a consensus target price of $639.58.

Deere & Company News Roundup

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

• Positive Sentiment: The biggest driver is tariff relief: the U.S. reduced tariffs on imported farm and construction equipment, which has fueled a sharp rally in Deere shares and raised hopes for better profitability. Bellwether Stock Surges Above Key Level. Trump Is Why.
• Positive Sentiment: JPMorgan raised its price target on Deere to $590 from $560, signaling continued confidence in the stock even though the rating remains neutral. JPMorgan adjusts price target on Deere company to 590 from 560, maintains neutral rating
• Positive Sentiment: Commentary suggests Deere could benefit alongside other equipment makers if additional tariff cuts are finalized, which would be another margin tailwind. When Trump Cuts Tariffs on Farm and Construction Equipment, These 5 Stocks Win Big
• Neutral Sentiment: Deere recovered $272 million in tariff refunds, but executives still expect about $900 million in net tariff costs for the current fiscal year, limiting the near-term benefit. Deere recovers 272M in tariff refunds
• Neutral Sentiment: Broader articles on Deere’s long-term brand strength and its strong year-to-date rally are more background than immediate stock catalysts. Is It Time To Reassess Deere (DE) After Its Strong Year To Date Rally?

Deere & Company Stock Performance

Shares of DE stock opened at $592.40 on Friday. 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 company’s fifty day moving average price is $572.75 and its two-hundred day moving average price is $545.33. The firm has a market capitalization of $159.91 billion, a P/E ratio of 33.56, a P/E/G ratio of 2.18 and a beta of 0.92. Deere & Company has a 12 month low of $433.00 and a 12 month high of $674.19.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, beating the consensus estimate of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The company had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $11.55 billion. During the same period last year, the firm earned $6.64 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. On average, research analysts anticipate that Deere & Company will post 18.08 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $1.62 per share. The ex-dividend date is Tuesday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.1%. Deere & Company’s payout ratio is currently 36.71%.

Deere & Company Profile

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.