Y Intercept Hong Kong Ltd Makes New Investment in Deere & Company $DE

Y Intercept Hong Kong Ltd bought a new position in Deere & Company (NYSE:DE) in the 1st quarter, Holdings Channel reports. The fund bought 3,031 shares of the industrial products company’s stock, valued at approximately $1,707,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Advocates LLC bought a new stake in shares of Deere & Company during the 3rd quarter valued at $25,000. Portus Wealth Advisors LLC bought a new position in Deere & Company in the 1st quarter worth $32,000. Key Capital Management INC bought a new position in Deere & Company in the 4th quarter worth $27,000. Timmons Wealth Management LLC purchased a new stake in Deere & Company in the 4th quarter worth $29,000. Finally, McIlrath & Eck LLC purchased a new stake in Deere & Company in the 4th quarter worth $30,000. Institutional investors own 68.58% of the company’s stock.

Key Deere & Company News

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

• Positive Sentiment: Deere received some supportive commentary from Jim Cramer, who said the stock is “incredible” and suggested it may have more upside, which could help sentiment among traders. Jim Cramer on Deere & Company: “The Stock Is Incredible, and It’s Not Done Going Higher”
• Positive Sentiment: Deere and the FTC reached a settlement that may ease regulatory overhang by ending the antitrust dispute and avoiding a prolonged legal fight. John Deere owners will get the right to repair their own equipment under a new FTC settlement
• Positive Sentiment: A separate industry report points to steady growth in the U.S. construction equipment market through 2031, which supports the longer-term demand outlook for Deere’s equipment business. U.S. Construction Equipment Market Analysis 2026-2031
• Neutral Sentiment: Deere also offered a two-year extension to union workers, a labor-related development that could help avoid near-term disruption but does not directly change the company’s demand outlook. Deere & Co. offers ‘unexpected’ 2-year extension to union workers
• Negative Sentiment: The biggest negative catalyst is the right-to-repair settlement itself, which gives customers more freedom to fix equipment and could reduce Deere’s pricing power in service and maintenance. Wisconsin DOJ wins antitrust case against John Deere

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DE shares. Wolfe Research lifted 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. Raymond James Financial dropped their price target on Deere & Company from $765.00 to $700.00 and set an “outperform” rating for the company in a research note on Friday, May 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $680.00 price objective (down from $715.00) on shares of Deere & Company in a report on Wednesday, May 27th. Truist Financial boosted their target price on shares of Deere & Company from $759.00 to $812.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Finally, Citigroup lowered their target price on shares of Deere & Company from $625.00 to $595.00 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $642.23.

Deere & Company Stock Down 0.7%

Shares of NYSE DE opened at $592.49 on Friday. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The firm has a 50-day simple moving average of $581.19 and a two-hundred day simple moving average of $566.85. The company has a market cap of $159.94 billion, a P/E ratio of 33.57, a PEG ratio of 2.21 and a beta of 0.89. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95.

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

Deere & Company Announces Dividend

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

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.