NFSG Corp Has $533,000 Holdings in Deere & Company $DE

NFSG Corp grew its holdings in Deere & Company (NYSE:DE) by 2,002.2% during the 1st quarter, Holdings Channel reports. The firm owned 946 shares of the industrial products company’s stock after purchasing an additional 901 shares during the period. NFSG Corp’s holdings in Deere & Company were worth $533,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Mandatum Life Insurance Co Ltd raised its stake in shares of Deere & Company by 21.8% during the first quarter. Mandatum Life Insurance Co Ltd now owns 3,407 shares of the industrial products company’s stock worth $1,919,000 after buying an additional 609 shares during the last quarter. Opinicus Capital Inc. boosted its stake in Deere & Company by 1.4% in the first quarter. Opinicus Capital Inc. now owns 3,647 shares of the industrial products company’s stock valued at $2,054,000 after acquiring an additional 52 shares during the last quarter. Meridian Management Co. boosted its stake in Deere & Company by 0.7% in the first quarter. Meridian Management Co. now owns 12,904 shares of the industrial products company’s stock valued at $7,269,000 after acquiring an additional 88 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in Deere & Company by 1.3% during the 1st quarter. Sanctuary Advisors LLC now owns 53,327 shares of the industrial products company’s stock worth $30,039,000 after acquiring an additional 660 shares during the period. Finally, Cornerstone Advisory LLC raised its position in shares of Deere & Company by 4.8% during the 1st quarter. Cornerstone Advisory LLC now owns 812 shares of the industrial products company’s stock valued at $457,000 after acquiring an additional 37 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

DE has been the topic of a number of analyst reports. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a research note on Sunday, July 5th. Truist Financial upped their price objective on Deere & Company from $759.00 to $812.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Citigroup increased their target price on Deere & Company from $575.00 to $610.00 and gave the company a “neutral” rating in a research note on Tuesday. Robert W. Baird reduced their target price on Deere & Company from $580.00 to $525.00 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Finally, Jefferies Financial Group upgraded Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 target price for the company in a research report on Wednesday, April 8th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $642.98.

Deere & Company News Summary

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

• Positive Sentiment: Deere reached a settlement with the FTC over its right-to-repair case, potentially expanding repair access and improving relationships with customers. FTC reaches settlement with Deere in ‘right to repair’ suit
• Positive Sentiment: Expanded independent repair options could support Deere’s parts, service, and life-extension revenue streams, especially as aging farm fleets need more maintenance. Agricultural Machinery Components Market Report Published, Profiles Deere, CNH Industrial, AGCO, Kubota, and 11 Other Companies
• Neutral Sentiment: Several articles highlighted Deere as a stock drawing investor attention and being compared with peers such as Alamo Group on valuation, but these are mostly commentary pieces rather than new fundamental catalysts. ALG vs. DE: Which Stock Is the Better Value Option?
• Neutral Sentiment: Additional coverage focused on Deere’s popularity with investors, but did not add materially new business or earnings information. Deere & Company (DE) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: The right-to-repair issue also keeps attention on potential margin pressure over time if repair work shifts away from Deere-owned channels, even after the settlement. Farmers win right to repair their own John Deere equipment; could it become law?

Deere & Company Price Performance

Shares of DE stock opened at $589.48 on Thursday. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19. The firm has a market capitalization of $159.12 billion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. The firm has a fifty day moving average of $581.74 and a 200-day moving average of $570.21.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, topping analysts’ consensus estimates of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The company had revenue of $13.37 billion for the quarter, compared to analyst estimates of $11.55 billion. During the same quarter last year, the firm posted $6.64 earnings per share. Deere & Company’s revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts forecast that Deere & Company will post 18.13 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, June 30th. Deere & Company’s dividend payout ratio is 36.71%.

About Deere & Company

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.