11,542 Shares of Deere & Company $DE Acquired by M Holdings Securities Inc.

M Holdings Securities Inc. purchased a new stake in shares of Deere & Company (NYSE:DE) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 11,542 shares of the industrial products company’s stock, valued at approximately $7,707,000.

Other large investors also recently bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Deere & Company in the 2nd quarter worth approximately $27,000. Kilter Group LLC acquired a new stake in shares of Deere & Company during the 2nd quarter worth approximately $29,000. Solstein Capital LLC purchased a new position in shares of Deere & Company during the 2nd quarter valued at approximately $30,000. Orion Capital Management LLC purchased a new position in shares of Deere & Company during the 2nd quarter valued at approximately $32,000. Finally, Downshift Financial LLC increased its holdings in shares of Deere & Company by 218.8% during the 3rd quarter. Downshift Financial LLC now owns 51 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 35 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Up 0.1%

Shares of DE opened at $671.99 on Monday. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45. Deere & Company has a 12 month low of $455.90 and a 12 month high of $721.22. The stock’s 50 day moving average is $667.02 and its two-hundred day moving average is $608.14. The firm has a market cap of $181.18 billion, a P/E ratio of 37.33, a PEG ratio of 1.90 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 for the quarter, topping the consensus estimate of $4.69 by $0.41. The business had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $4.75 EPS. Analysts predict that Deere & Company will post 18.11 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

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

Key Stories Impacting Deere & Company

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

• Positive Sentiment: Deere’s See & Spray technology was cited as an example of AI improving farm productivity; the system can reduce pesticide use by as much as 75%. That efficiency potential may support customer economics and demand for Deere’s precision-agriculture offerings. Are eBay and Deere stocks under-the-radar AI beneficiaries?
• Positive Sentiment: A Zacks article included Deere among AgriTech and food-innovation stocks, pointing to strategic investment, operational improvements, and growth opportunities as reasons it may suit investors seeking portfolio stability. 2 AgriTech and Food Innovation Stocks to Buy for a Stable Portfolio
• Neutral Sentiment: Recent coverage compares Deere with Kubota (KUBTY) for value investors but the provided summaries do not say which company comes out ahead. The comparison alone offers no clear new signal on Deere’s valuation. KUBTY vs. DE: Which Stock Should Value Investors Buy Now?
• Negative Sentiment: Deere plans to close two Iowa facilities and consolidate production, including moving small-planter production and shifting work to its Ankeny plant. The restructuring could improve efficiency over time, but closures and associated disruption may concern investors in the near term. John Deere Consolidates U.S. Plants, Will Close 2 Iowa Factories

Analyst Ratings Changes

Several research firms recently issued reports on DE. Barclays boosted their target price on shares of Deere & Company from $640.00 to $675.00 and gave the company an “overweight” rating in a research note on Monday, August 24th. UBS Group dropped their price target on shares of Deere & Company from $732.00 to $728.00 and set a “buy” rating on the stock in a research report on Friday, August 21st. Raymond James Financial lifted their price objective on shares of Deere & Company from $700.00 to $730.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Evercore upgraded shares of Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 price objective for the company in a research report on Wednesday, September 2nd. Finally, CICC Research initiated coverage on shares of Deere & Company in a research note on Sunday, September 13th. They set an “outperform” rating on the stock. Seventeen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Deere & Company currently has a consensus rating of “Moderate Buy” and a consensus price target of $688.10.

About Deere & Company