Deere & Company $DE Shares Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its position in Deere & Company (NYSE:DE) by 9.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,532 shares of the industrial products company’s stock after buying an additional 3,912 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Deere & Company were worth $30,304,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Deere & Company during the second quarter valued at approximately $11,763,504,000. Wellington Management Group LLP boosted its stake 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 worth $1,959,209,000 after purchasing an additional 1,412,694 shares during the period. Bank of America Corp DE acquired a new position in Deere & Company in the 2nd quarter worth approximately $1,685,093,000. Bank of New York Mellon Corp acquired 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 during the 2nd quarter worth approximately $957,456,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

More Deere & Company News

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 Performance

DE stock opened at $666.43 on Wednesday. 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 has a market cap of $179.68 billion, a P/E ratio of 37.02, a P/E/G ratio of 1.89 and a beta of 0.89. The firm has a 50 day simple moving average of $664.52 and a 200 day simple moving average of $605.77. Deere & Company has a 52 week low of $455.90 and a 52 week high of $721.22.

Deere & Company (NYSE:DE) last announced its quarterly earnings data 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 the consensus estimate of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $4.75 earnings per share. Research analysts anticipate that Deere & Company will post 18.11 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. Deere & Company’s dividend payout ratio (DPR) is 36.00%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Evercore raised shares of Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 target price on the stock in a research note on Wednesday, September 2nd. Weiss Ratings raised Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, September 21st. Wall Street Zen cut Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Truist Financial lowered their price target on Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a report on Monday, August 24th. Finally, JPMorgan Chase & Co. upped their price target on Deere & Company from $585.00 to $625.00 and gave the company a “neutral” rating in a research report on Thursday, October 8th. Seventeen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $688.10.

Deere & Company Company Profile

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.