Figure 8 Investment Strategies LLC Acquires Shares of 3,754 Deere & Company $DE

Figure 8 Investment Strategies LLC acquired a new stake in Deere & Company (NYSE:DE) in the 2nd quarter, HoldingsChannel reports. The fund acquired 3,754 shares of the industrial products company’s stock, valued at approximately $2,381,000. Deere & Company makes up 2.0% of Figure 8 Investment Strategies LLC’s investment portfolio, making the stock its 19th largest holding.

A number of other hedge funds have also recently modified their holdings of the stock. First National Bank of Omaha acquired a new stake in Deere & Company during the second quarter valued at $1,455,000. Alamar Capital Management LLC acquired a new position in shares of Deere & Company in the second quarter worth about $534,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Deere & Company during the 2nd quarter worth about $27,000. M. Kulyk & Associates LLC purchased a new stake in shares of Deere & Company during the 2nd quarter worth about $330,000. Finally, Meeder Advisory Services Inc. acquired a new stake in shares of Deere & Company during the 2nd quarter valued at about $3,785,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 1.8%

DE stock opened at $589.18 on Wednesday. The stock has a market capitalization of $159.04 billion, a P/E ratio of 33.38, a P/E/G ratio of 2.57 and a beta of 0.90. The firm has a 50-day simple moving average of $603.98 and a 200-day simple moving average of $589.29. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, topping the consensus estimate of $5.70 by $0.85. The firm had revenue of $13.37 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.64 EPS. Equities analysts forecast that Deere & Company will post 18.21 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th were issued a dividend of $1.62 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. Deere & Company’s dividend payout ratio is presently 36.71%.

Deere & Company News Summary

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

• Positive Sentiment: Analysts expect Deere’s upcoming quarter to show modest year-over-year growth, with projected earnings of approximately $4.79 per share and revenue of $10.78 billion. Estimates have generally moved higher, which could support the stock if Deere delivers or raises its outlook. Deere Earnings Loom As Precision Agriculture Narrative Keeps Fair Value In Focus
• Positive Sentiment: The precision-agriculture investment story remains a long-term potential catalyst. Deere’s technology and automation initiatives could improve productivity and support valuation if adoption accelerates. Are Wall Street Analysts Bullish on Deere & Company Stock?
• Neutral Sentiment: Deere is approaching its third-quarter earnings release with investor attention focused on revenue, margins, production levels and management’s outlook. The stock has generated strong longer-term returns, raising the bar for another positive surprise. Insights Into Deere Q3: Wall Street Projections for Key Metrics
• Negative Sentiment: Weak agricultural spending and elevated production costs could pressure Deere’s earnings and margins even if headline revenue and profit estimates improve. This makes the upcoming guidance particularly important for the share price. Deere Set to Report Q3 Earnings
• Negative Sentiment: JPMorgan cut its Deere price target to $570, signaling that the bank sees downside risk relative to recent trading levels. JPMorgan Cuts Deere Price Target
• Negative Sentiment: ARK Invest reportedly exited about $60 million of its Deere position while increasing investments in technology stocks. Although the sale does not change Deere’s fundamentals, it adds selling pressure and reinforces concerns about near-term investor preference for AI-oriented growth companies. ARK Invest Exits Deere Position

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DE shares. Robert W. Baird cut their price target on Deere & Company from $580.00 to $525.00 and set a “neutral” rating for the company in a research note on Friday, May 22nd. Oppenheimer reiterated an “outperform” rating and set a $680.00 price target (down from $715.00) on shares of Deere & Company in a research report on Wednesday, May 27th. Citigroup raised their price objective on Deere & Company from $575.00 to $610.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. DA Davidson restated a “buy” rating and issued a $685.00 price objective on shares of Deere & Company in a research report on Friday, July 17th. Finally, Truist Financial upped their target price on Deere & Company from $759.00 to $812.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $641.98.

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.