Deere & Company $DE Stock Sold by Markel Group Inc.

Markel Group Inc. lessened its stake in Deere & Company (NYSE:DE) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 861,150 shares of the industrial products company’s stock after selling 16,750 shares during the quarter. Deere & Company accounts for 4.5% of Markel Group Inc.’s investment portfolio, making the stock its 3rd largest position. Markel Group Inc.’s holdings in Deere & Company were worth $578,305,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Deere & Company during the second quarter worth about $11,763,504,000. Bank of America Corp DE purchased a new position in Deere & Company in the second quarter valued at about $1,685,093,000. Bank of New York Mellon Corp acquired a new stake in shares of Deere & Company during the 2nd quarter valued at approximately $1,259,279,000. Legal & General Group Plc acquired a new stake in shares of Deere & Company during the 2nd quarter valued at approximately $957,456,000. Finally, Wellington Management Group LLP boosted its stake in shares of Deere & Company by 84.3% during 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 acquiring an additional 1,412,694 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DE. Royal Bank Of Canada restated an “outperform” rating and issued a $752.00 price target on shares of Deere & Company in a report on Monday, August 24th. UBS Group reduced their price objective on Deere & Company from $732.00 to $728.00 and set a “buy” rating for the company in a report on Friday, August 21st. Barclays boosted their target price on Deere & Company from $640.00 to $675.00 and gave the stock an “overweight” rating in a research report on Monday, August 24th. Evercore raised Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 target price on the stock in a report on Wednesday, September 2nd. Finally, DA Davidson raised their price target on Deere & Company from $685.00 to $760.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Seventeen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Deere & Company has an average rating of “Moderate Buy” and a consensus price target of $688.10.

Key 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 Down 0.2%

Shares of NYSE DE opened at $666.43 on Wednesday. The firm’s 50-day moving average is $664.52 and its two-hundred day moving average is $605.77. 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. Deere & Company has a 12-month low of $455.90 and a 12-month high of $721.22. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $10.81 billion. During the same period last year, the company posted $4.75 EPS. The company’s revenue was up 6.2% on a year-over-year basis. Equities analysts anticipate that Deere & Company will post 18.11 EPS for the current fiscal year.

Deere & Company Announces Dividend

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 issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, September 30th. Deere & Company’s dividend payout ratio is 36.00%.

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.