CFO Capital Management LLC Makes New Investment in Deere & Company $DE

CFO Capital Management LLC acquired a new stake in shares of Deere & Company (NYSE:DE) in the 1st quarter, Holdings Channel.com reports. The fund acquired 1,817 shares of the industrial products company’s stock, valued at approximately $1,024,000.

Other institutional investors have also recently made changes to their positions in the company. Strategic Advocates LLC bought a new position in shares of Deere & Company during the 3rd quarter valued at approximately $25,000. Key Capital Management INC bought a new stake in Deere & Company in the fourth quarter worth $27,000. Timmons Wealth Management LLC purchased a new stake in Deere & Company during the fourth quarter valued at $29,000. McIlrath & Eck LLC purchased a new stake in Deere & Company during the fourth quarter valued at $30,000. Finally, Wealth Watch Advisors INC bought a new position in Deere & Company during the third quarter valued at $32,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DE shares. Bank of America dropped their price objective on shares of Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a research note on Friday, May 22nd. JPMorgan Chase & Co. increased their price target on shares of Deere & Company from $560.00 to $590.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Citigroup lifted their price target on Deere & Company from $575.00 to $610.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a research note on Sunday, July 5th. Finally, Oppenheimer restated an “outperform” rating and set a $680.00 price objective (down from $715.00) on shares of Deere & Company in a research report on Wednesday, May 27th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Deere & Company has an average rating of “Moderate Buy” and a consensus target price of $642.98.

Deere & Company Trading Down 0.2%

Shares of DE opened at $584.40 on Wednesday. The firm has a market capitalization of $157.75 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 2.17 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 has a 1-year low of $433.00 and a 1-year high of $674.19. The company has a 50-day moving average of $581.81 and a 200 day moving average of $569.35.

Deere & Company (NYSE:DE) last issued its 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 business had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.64 EPS. On average, research analysts expect that Deere & Company will post 18.13 EPS 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 issued a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, June 30th. Deere & Company’s dividend payout ratio is currently 36.71%.

Key Stories Impacting Deere & Company

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

• Positive Sentiment: Analysts and market commentators continue to point to Deere’s roughly $20 billion precision-agriculture push as a potential long-term growth driver, suggesting stronger technology adoption and higher-value equipment sales could support future earnings. Deere’s $20 Billion Precision Ag Push Is Transforming Farming And That Is Good News For the Stock
• Positive Sentiment: Recent articles noting that Deere is attracting investor attention may reflect renewed trading interest in the stock, especially after its strong earnings beat earlier this year showed solid pricing power and revenue growth. Deere & Company (DE) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Coverage from another market roundup again flagged Deere as a stock worth watching, but it did not add a new catalyst beyond general investor interest. Deere & Company (DE) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Broader “best agriculture stocks” and other watchlist-style mentions add visibility to Deere but do not appear to change the investment outlook on their own.
• Negative Sentiment: The biggest headline today is the FTC settlement in the right-to-repair case, which reinforces regulatory and legal pressure on Deere’s repair policies and could increase the risk of lower-margin service competition. FTC reaches settlement with Deere in ‘right to repair’ suit
• Negative Sentiment: Follow-up reporting that farmers may win the right to repair their own John Deere equipment raises similar concerns for Deere’s ecosystem control and aftermarket revenue stream. Farmers win right to repair their own John Deere equipment; could it become law?

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.