United Capital Financial Advisors LLC Makes New Investment in Deere & Company $DE

United Capital Financial Advisors LLC purchased a new stake in Deere & Company (NYSE:DE) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 51,708 shares of the industrial products company’s stock, valued at approximately $32,800,000.

Several other large investors have also modified their holdings of the business. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Deere & Company during the second quarter valued at approximately $27,000. Kilter Group LLC bought a new position in Deere & Company in the second quarter worth approximately $29,000. Solstein Capital LLC purchased a new stake in Deere & Company during the second quarter worth $30,000. Portus Wealth Advisors LLC bought a new stake in Deere & Company during the 1st quarter valued at $32,000. Finally, Harborfront Financial Group LLC bought a new stake in Deere & Company during the 2nd quarter valued at $39,000. Institutional investors own 68.58% of the company’s stock.

More Deere & Company News

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

• Positive Sentiment: Better-than-expected earnings and execution: Deere reported fiscal third-quarter earnings per share of $5.10, above the $4.69 analyst consensus, while revenue reached $12.61 billion versus expectations of $10.81 billion. Net income increased 7% year over year to $1.379 billion. Management cited strong factory output, disciplined cost control, favorable price realization, and steady construction and turf demand. Deere’s Q2 Earnings Call: Our Top 5 Analyst Questions
• Positive Sentiment: Construction and AI opportunities support diversification: Coverage highlighted growth in less traditional areas, including construction, where demand is benefiting from technology and infrastructure investment. Deere also entered a $10 million, three-year R&D partnership with Reservoir to accelerate rugged artificial-intelligence applications for high-value crop agriculture. Deere quarterly profits and construction growth Reservoir AI partnership with John Deere
• Positive Sentiment: Analyst support and shareholder return: DA Davidson raised its price target to $760, while RBC reaffirmed an “Outperform” rating. Deere also declared a quarterly dividend of $1.62 per share, payable November 9 to shareholders of record September 30. DA Davidson raises Deere price target RBC reaffirms Deere Outperform rating Deere quarterly dividend announcement
• Neutral Sentiment: Mixed segment picture: The earnings commentary suggests Deere’s diversified businesses, particularly construction and turf, are offsetting softer conditions in its largest agriculture-related division. Investors may therefore remain focused on the durability of farm-equipment demand and the company’s outlook.
• Negative Sentiment: Valuation leaves less room for disappointment: With the shares trading at roughly 35 times earnings, investors may be taking profits or showing caution despite the earnings beat, particularly if agricultural weakness persists or growth in newer businesses takes longer to scale.

Analyst Upgrades and Downgrades

DE has been the subject of several recent research reports. Citigroup boosted their price target on Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Raymond James Financial cut their target price on Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $752.00 target price on shares of Deere & Company in a report on Monday. Wall Street Zen lowered shares of Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Finally, Truist Financial reduced their price objective on shares of Deere & Company from $812.00 to $804.00 and set a “buy” rating for the company in a research note on Monday. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $653.48.

Deere & Company Stock Down 1.9%

NYSE:DE opened at $622.67 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45. The company’s 50 day moving average is $610.78 and its two-hundred day moving average is $593.08. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19. The company has a market cap of $168.08 billion, a PE ratio of 34.59, a P/E/G ratio of 2.62 and a beta of 0.90.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.The company had revenue of $12.61 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same quarter last year, the business posted $4.75 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts anticipate that Deere & Company will post 18.09 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Wednesday, September 30th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend 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, 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.