Investment Partners LTD. Purchases 1,279 Shares of Deere & Company $DE

Investment Partners LTD. acquired a new stake in Deere & Company (NYSE:DE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,279 shares of the industrial products company’s stock, valued at approximately $859,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DE. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Deere & Company during the second quarter worth about $27,000. Kilter Group LLC acquired a new position in shares of Deere & Company in the second quarter valued at approximately $29,000. Solstein Capital LLC acquired a new position in shares of Deere & Company in the second quarter valued at approximately $30,000. Orion Capital Management LLC acquired a new position in shares of Deere & Company in the second quarter valued at approximately $32,000. Finally, Markowski Investments purchased a new stake in Deere & Company during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on DE shares. Weiss Ratings raised shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, September 21st. Raymond James Financial upped their price objective on Deere & Company from $700.00 to $730.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Citigroup increased their price objective on Deere & Company from $610.00 to $650.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Evercore upgraded Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 target price for the company in a report on Wednesday, September 2nd. Finally, Nomura upgraded shares of Deere & Company to a “buy” rating in a report on Monday, August 31st. Seventeen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $688.10.

Deere & Company News Roundup

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

• Positive Sentiment: Deere was largely insulated from the machinery-sector selloff that hit Caterpillar after its moderate outlook. The relative resilience suggests investors viewed Deere’s farm-equipment exposure and outlook more favorably. Caterpillar Drops 7% as Moderate Sales Outlook Overshadows Beat; Deere Sits Out the Selloff
• Positive Sentiment: Analysts highlighted smart-farming technology, automation and cost controls as potential support for Deere, particularly as long-term agricultural demand and equipment investment improve. Zacks Industry Outlook Highlights Deere & Co., Kubota and CNH Industrial
• Positive Sentiment: One valuation analysis estimates Deere may be undervalued by approximately 16%, with cybersecurity developments adding a potential catalyst if the company can strengthen its technology and risk-management position. Deere Stock May Be 16% Undervalued on AI Cyberattack News
• Neutral Sentiment: Analysts expect Deere’s upcoming fourth-quarter report to show a single-digit increase in profit, keeping earnings expectations in focus ahead of the release. Deere & Company’s Earnings: What to Expect
• Negative Sentiment: Wheat’s prolonged decline is pressuring farmers’ incomes and balance sheets, which could eventually reduce demand for new agricultural equipment or delay replacement purchases. Farmers Are Getting Crushed as Wheat Slides for a Record Stretch

Deere & Company Stock Performance

Shares of DE stock opened at $675.03 on Monday. The stock’s 50-day moving average is $663.79 and its two-hundred day moving average is $604.16. 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 1 year low of $454.50 and a 1 year high of $721.22. The firm has a market cap of $182.00 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 2.47 and a beta of 0.89.

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 analysts’ consensus estimates of $4.69 by $0.41. The firm had revenue of $12.61 billion during the quarter, compared to analysts’ expectations of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $4.75 EPS. Analysts predict that Deere & Company will post 18.11 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be given a dividend of $1.62 per share. The ex-dividend date 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%.

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.