Bessemer Group Inc. Sells 42,228 Shares of Deere & Company $DE

Bessemer Group Inc. decreased its stake in Deere & Company (NYSE:DE) by 23.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 137,918 shares of the industrial products company’s stock after selling 42,228 shares during the quarter. Bessemer Group Inc.’s holdings in Deere & Company were worth $77,689,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DE. Jag Capital Management LLC boosted its position in shares of Deere & Company by 4.7% during the first quarter. Jag Capital Management LLC now owns 6,541 shares of the industrial products company’s stock worth $3,685,000 after buying an additional 296 shares during the period. Gerald Baker Financial Group LLC acquired a new stake in Deere & Company in the 1st quarter valued at approximately $352,000. SteelPeak Wealth LLC raised its position in Deere & Company by 25.9% in the 1st quarter. SteelPeak Wealth LLC now owns 2,651 shares of the industrial products company’s stock valued at $1,498,000 after buying an additional 546 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Deere & Company by 7.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,855 shares of the industrial products company’s stock valued at $7,336,000 after acquiring an additional 935 shares in the last quarter. Finally, One Day In July LLC bought a new stake in Deere & Company in the 1st quarter valued at approximately $545,000. 68.58% of the stock is owned by institutional investors.

Key Headlines Impacting Deere & Company

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

• Positive Sentiment: DA Davidson reiterated a buy rating on Deere & Company and lifted its price target to $685, signaling continued analyst confidence in upside potential. Benzinga
• Neutral Sentiment: Deere was highlighted in broader agriculture and industrial stock roundups, keeping investor attention on the company as a key name in the farm equipment sector. Best Agriculture Stocks To Watch Now – July 14th
• Neutral Sentiment: Erste Group Bank slightly lowered its FY2027 EPS forecast for Deere, which is a minor cautionary note but not a major change to longer-term earnings expectations. MarketBeat report on Deere EPS estimate cut
• Negative Sentiment: Deere also remains tied to a broader industrial-sector backdrop that has lagged the market recently, which can weigh on sentiment toward cyclical names. 1 Industrials Stock to Target This Week and 2 We Find Risky

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Barclays increased their target price on shares of Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Bank of America cut their price target on shares of Deere & Company from $672.00 to $607.50 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $752.00 price objective on shares of Deere & Company in a research note on Monday, June 1st. Jefferies Financial Group upgraded Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 price objective for the company in a report on Wednesday, April 8th. Finally, Wolfe Research lifted their target price on Deere & Company from $550.00 to $660.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Fourteen research 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $642.98.

Deere & Company Price Performance

NYSE:DE opened at $597.56 on Friday. Deere & Company has a one year low of $433.00 and a one year high of $674.19. The company has a market cap of $161.31 billion, a P/E ratio of 33.86, a P/E/G ratio of 2.22 and a beta of 0.89. The firm’s fifty day moving average price is $582.55 and its two-hundred day moving average price is $571.31. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $11.55 billion. During the same quarter in the prior year, the business earned $6.64 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts expect that Deere & Company will post 18.13 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, June 30th. Deere & Company’s dividend payout ratio (DPR) 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.