Munich Reinsurance Co Stock Corp in Munich Buys 4,912 Shares of Deere & Company $DE

Munich Reinsurance Co Stock Corp in Munich increased its position in shares of Deere & Company (NYSE:DE) by 1,792.7% during the first quarter, Holdings Channel reports. The institutional investor owned 5,186 shares of the industrial products company’s stock after purchasing an additional 4,912 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Deere & Company were worth $2,921,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC boosted its stake in shares of Deere & Company by 11.8% in the 4th quarter. Cary Street Partners Financial LLC now owns 10,312 shares of the industrial products company’s stock valued at $4,801,000 after purchasing an additional 1,086 shares in the last quarter. Spectrum Financial Alliance Ltd LLC increased its position in shares of Deere & Company by 55.8% during the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 85,351 shares of the industrial products company’s stock worth $39,737,000 after purchasing an additional 30,553 shares in the last quarter. Westpac Banking Corp increased its position in shares of Deere & Company by 78.6% during the 4th quarter. Westpac Banking Corp now owns 6,925 shares of the industrial products company’s stock worth $3,224,000 after purchasing an additional 3,047 shares in the last quarter. Eldred Rock Partners LLC bought a new position in Deere & Company during the 4th quarter valued at about $13,166,000. Finally, Natixis Advisors LLC lifted its holdings in Deere & Company by 13.4% during the 4th quarter. Natixis Advisors LLC now owns 388,595 shares of the industrial products company’s stock valued at $180,919,000 after purchasing an additional 45,782 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors.

Trending Headlines about Deere & Company

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

• Positive Sentiment: Deere received some supportive commentary from Jim Cramer, who said the stock is “incredible” and suggested it may have more upside, which could help sentiment among traders. Jim Cramer on Deere & Company: “The Stock Is Incredible, and It’s Not Done Going Higher”
• Positive Sentiment: Deere and the FTC reached a settlement that may ease regulatory overhang by ending the antitrust dispute and avoiding a prolonged legal fight. John Deere owners will get the right to repair their own equipment under a new FTC settlement
• Positive Sentiment: A separate industry report points to steady growth in the U.S. construction equipment market through 2031, which supports the longer-term demand outlook for Deere’s equipment business. U.S. Construction Equipment Market Analysis 2026-2031
• Neutral Sentiment: Deere also offered a two-year extension to union workers, a labor-related development that could help avoid near-term disruption but does not directly change the company’s demand outlook. Deere & Co. offers ‘unexpected’ 2-year extension to union workers
• Negative Sentiment: The biggest negative catalyst is the right-to-repair settlement itself, which gives customers more freedom to fix equipment and could reduce Deere’s pricing power in service and maintenance. Wisconsin DOJ wins antitrust case against John Deere

Deere & Company Stock Down 0.7%

Shares of NYSE DE opened at $592.49 on Friday. The firm has a market capitalization of $159.94 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 2.21 and a beta of 0.89. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The firm’s 50-day moving average is $581.19 and its 200-day moving average is $566.85.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, topping analysts’ consensus estimates of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The business had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $11.55 billion. During the same period in the previous year, the firm posted $6.64 earnings per share. Deere & Company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts expect that Deere & Company will post 18.13 EPS for the current year.

Deere & Company Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research note on Sunday, July 5th. Jefferies Financial Group upgraded shares of Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 target price for the company in a research note on Wednesday, April 8th. Citigroup reduced their target price on Deere & Company from $625.00 to $595.00 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Wolfe Research increased their price target on Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Finally, Raymond James Financial dropped their price target on Deere & Company from $765.00 to $700.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $642.23.

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.