Osterweis Capital Management Inc. Invests $27.32 Million in Deere & Company $DE

Osterweis Capital Management Inc. bought a new position in shares of Deere & Company (NYSE:DE) in the 2nd quarter, Holdings Channel.com reports. The firm bought 43,068 shares of the industrial products company’s stock, valued at approximately $27,319,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc purchased a new stake in Deere & Company during the 2nd quarter valued at approximately $957,456,000. The Manufacturers Life Insurance Company bought a new position in shares of Deere & Company during the 2nd quarter valued at approximately $118,068,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Deere & Company in the second quarter valued at $682,000. Van Hulzen Asset Management LLC bought a new stake in Deere & Company in the second quarter worth $1,210,000. Finally, Stockbridge Partners LLC purchased a new stake in Deere & Company during the second quarter valued at $359,954,000. 68.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Oppenheimer boosted their price objective on Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a research note on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a report on Tuesday, August 18th. Seaport Research Partners set a $570.00 target price on Deere & Company in a research report on Friday, August 14th. Bank of America lowered their price target on shares of Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Deere & Company from $570.00 to $585.00 and gave the company a “neutral” rating in a research report on Friday. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $653.48.

Trending Headlines about Deere & Company

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

• Positive Sentiment: Analysts raised their outlook. DA Davidson lifted its price target to $760 from $685 and maintained a “buy” rating, while RBC reaffirmed its “outperform” rating with a $752 target. Analysts cited Deere’s better-than-expected fiscal third quarter, improving equipment orders and prospects for an agriculture-sector recovery. DA Davidson analyst action Deere poised for recovery
• Positive Sentiment: Construction and Forestry is providing meaningful growth support. Higher volumes, pricing gains, demand for construction equipment and increased adoption of Deere’s technology are strengthening the segment and could help offset continued weakness or cyclicality in agriculture. Construction and Forestry growth outlook
• Positive Sentiment: Recent earnings exceeded expectations. Deere reported fiscal third-quarter EPS of $5.10 versus the $4.69 consensus, while revenue of $12.61 billion surpassed the $10.81 billion estimate and increased 6.2% year over year. The beat has reinforced the view that Deere is positioned for a recovery, although agriculture remained comparatively weaker. Deere earnings and farm cycle
• Neutral Sentiment: Valuation and the farm cycle remain investor considerations. Deere’s recent rally reflects stronger earnings and recovery expectations, but investors are weighing whether the stock has moved ahead of the underlying agricultural-equipment cycle.
• Negative Sentiment: UAW members rejected Deere’s proposed two-year contract extension. The vote sets up potentially contentious negotiations ahead of the 2027 contract expiration. UAW President Shawn Fain criticized the proposal as an attempt to bypass the normal bargaining process, raising the risk of higher labor costs, operational disruption or an eventual strike. UAW rejects Deere contract extension

Deere & Company Stock Up 0.2%

Shares of DE stock opened at $648.46 on Tuesday. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. The firm has a market capitalization of $175.04 billion, a PE ratio of 36.03, a P/E/G ratio of 2.74 and a beta of 0.90. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10. The stock’s 50-day simple moving average is $608.35 and its 200-day simple moving average is $591.88.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. The firm had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.Deere & Company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.75 earnings per share. Equities analysts expect that Deere & Company will post 18.23 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, June 30th. Deere & Company’s payout ratio is presently 36.00%.

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.