L2 Asset Management LLC Acquires New Shares in Deere & Company $DE

L2 Asset Management LLC acquired a new position in shares of Deere & Company (NYSE:DE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,306 shares of the industrial products company’s stock, valued at approximately $1,463,000.

Several other large investors have also added to or reduced their stakes in the stock. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Deere & Company during the second quarter valued at about $27,000. Kilter Group LLC purchased a new stake in shares of Deere & Company in the second quarter worth about $29,000. Timmons Wealth Management LLC bought a new position in shares of Deere & Company in the fourth quarter valued at approximately $29,000. McIlrath & Eck LLC bought a new position in shares of Deere & Company in the fourth quarter valued at approximately $30,000. Finally, Solstein Capital LLC purchased a new position in Deere & Company during the second quarter valued at approximately $30,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Up 0.2%

DE stock opened at $648.46 on Tuesday. The company’s 50 day moving average is $608.35 and its 200 day moving average is $591.88. The stock has a market cap of $175.04 billion, a price-to-earnings ratio of 36.03, a price-to-earnings-growth ratio of 2.74 and a beta of 0.90. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19.

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

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, June 30th were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Deere & Company’s dividend payout ratio is currently 36.00%.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on DE. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a report on Tuesday, August 18th. Bank of America cut their price target on shares of Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a report on Friday, May 22nd. Robert W. Baird boosted their price target on shares of Deere & Company from $525.00 to $640.00 and gave the company a “neutral” rating in a research report on Friday. Royal Bank Of Canada restated an “outperform” rating and set a $752.00 price target on shares of Deere & Company in a research report on Monday. Finally, Wall Street Zen cut shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $653.48.

Deere & Company 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.