Deere & Company $DE Stock Position Lowered by TrinityBridge Ltd

TrinityBridge Ltd reduced its holdings in Deere & Company (NYSE:DE) by 6.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,316 shares of the industrial products company’s stock after selling 2,012 shares during the period. TrinityBridge Ltd’s holdings in Deere & Company were worth $19,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DE. BlackRock Inc. purchased a new stake in Deere & Company during the 2nd quarter valued at about $11,763,504,000. Wellington Management Group LLP raised its holdings in Deere & Company by 84.3% in the 2nd quarter. Wellington Management Group LLP now owns 3,088,628 shares of the industrial products company’s stock valued at $1,959,209,000 after acquiring an additional 1,412,694 shares during the last quarter. Bank of America Corp DE lifted its stake in Deere & Company by 0.3% in the 1st quarter. Bank of America Corp DE now owns 2,782,402 shares of the industrial products company’s stock worth $1,567,327,000 after purchasing an additional 7,918 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Deere & Company in the 2nd quarter worth approximately $1,259,279,000. Finally, Legal & General Group Plc purchased a new position in Deere & Company in the 2nd quarter worth approximately $957,456,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Deere & Company

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

• Positive Sentiment: Deere introduced an AI assistant designed to help farmers use accumulated field data, highlighting continued investment in digital farming tools. The article does not quantify expected revenue or financial impact. Read More.
• Neutral Sentiment: Deere appointed former EY U.S. CEO Julie Boland to its board and its compensation and finance committees. Her background in financial reporting, governance and global finance may strengthen board oversight, but no near-term business impact was announced. Read More.
• Neutral Sentiment: Deere has recalled laid-off employees and plans additional hiring ahead of negotiations with the United Auto Workers. The staffing rebuild may support operations, while the upcoming talks create uncertainty around labor costs and contract terms. Read More.
• Neutral Sentiment: Analyst coverage cited an average brokerage recommendation equivalent to “Buy,” but the article cautions that sell-side ratings can be overly optimistic and are not necessarily a reliable standalone investment signal. Read More.
• Negative Sentiment: Former Deere employees advanced a lawsuit seeking severance benefits, raising a potential legal and financial exposure; the available report does not specify the amount at stake. Read More.

Deere & Company Stock Down 0.2%

Deere & Company stock opened at $666.43 on Wednesday. The company has a market capitalization of $179.68 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 1.89 and a beta of 0.89. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10. Deere & Company has a fifty-two week low of $455.90 and a fifty-two week high of $721.22. The firm has a 50 day moving average price of $664.52 and a 200 day moving average price of $605.77.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The company had revenue of $12.61 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same period in the prior year, the firm earned $4.75 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. Research analysts expect that Deere & Company will post 18.11 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Wednesday, September 30th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, September 30th. Deere & Company’s payout ratio is currently 36.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Weiss Ratings upgraded Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, September 21st. CICC Research started coverage on Deere & Company in a report on Sunday, September 13th. They issued an “outperform” rating for the company. Truist Financial reduced their price objective on Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a research report on Monday, August 24th. Robert W. Baird upgraded Deere & Company from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $640.00 to $800.00 in a research report on Monday, August 31st. Finally, Wall Street Zen lowered Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Seventeen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $688.10.

About Deere & Company

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.