3,028 Shares in Deere & Company $DE Purchased by IronBridge Private Wealth LLC

IronBridge Private Wealth LLC acquired a new stake in shares of Deere & Company (NYSE:DE) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,028 shares of the industrial products company’s stock, valued at approximately $2,033,000.

Several other hedge funds have also recently modified their holdings of the stock. M Holdings Securities Inc. purchased a new stake in Deere & Company in the 3rd quarter worth $7,707,000. Avantax Planning Partners Inc. boosted its holdings in shares of Deere & Company by 2.4% during the 3rd quarter. Avantax Planning Partners Inc. now owns 26,017 shares of the industrial products company’s stock valued at $17,472,000 after purchasing an additional 615 shares during the last quarter. Brighton Jones LLC grew its position in shares of Deere & Company by 5.2% during the third quarter. Brighton Jones LLC now owns 5,364 shares of the industrial products company’s stock valued at $3,602,000 after purchasing an additional 266 shares in the last quarter. Candriam S.C.A. grew its position in shares of Deere & Company by 24.8% during the third quarter. Candriam S.C.A. now owns 76,401 shares of the industrial products company’s stock valued at $51,495,000 after purchasing an additional 15,167 shares in the last quarter. Finally, Cullinan Associates Inc. increased its holdings in shares of Deere & Company by 4.6% in the third quarter. Cullinan Associates Inc. now owns 20,478 shares of the industrial products company’s stock worth $13,752,000 after purchasing an additional 902 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Bank of America boosted their target price on Deere & Company from $667.00 to $715.00 in a research report on Thursday, September 24th. Seaport Research Partners set a $570.00 price target on Deere & Company in a research note on Friday, August 14th. UBS Group cut their price target on Deere & Company from $732.00 to $728.00 and set a “buy” rating for the company in a report on Friday, August 21st. Wall Street Zen downgraded Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Finally, DA Davidson upped their price objective on Deere & Company from $685.00 to $760.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Seventeen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $688.10.

Deere & Company Price Performance

Shares of DE stock opened at $671.99 on Monday. The company’s 50-day simple moving average is $667.02 and its two-hundred day simple moving average is $608.14. The company has a market capitalization of $181.18 billion, a P/E ratio of 37.33, a P/E/G ratio of 1.90 and a beta of 0.89. Deere & Company has a one year low of $455.90 and a one year 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 released its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $10.81 billion. During the same period last year, the business earned $4.75 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. As a group, equities analysts anticipate that Deere & Company will post 18.11 EPS for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Deere & Company’s payout ratio is 36.00%.

Key Deere & Company News

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

About Deere & Company