Deere & Company $DE Stock Bought by Vise Technologies Inc.

Vise Technologies Inc. grew its holdings in Deere & Company (NYSE:DE) by 47.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,928 shares of the industrial products company’s stock after acquiring an additional 4,164 shares during the period. Vise Technologies Inc.’s holdings in Deere & Company were worth $8,682,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of DE. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co increased its holdings in Deere & Company by 3.2% during the 2nd quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 516 shares of the industrial products company’s stock worth $308,000 after purchasing an additional 16 shares during the period. Concorde Asset Management LLC boosted its stake in shares of Deere & Company by 3.0% in the 2nd quarter. Concorde Asset Management LLC now owns 581 shares of the industrial products company’s stock valued at $369,000 after buying an additional 17 shares during the period. MCF Advisors LLC boosted its stake in shares of Deere & Company by 0.9% in the 2nd quarter. MCF Advisors LLC now owns 1,999 shares of the industrial products company’s stock valued at $1,271,000 after buying an additional 17 shares during the period. XY Planning Network Inc. grew its position in shares of Deere & Company by 2.3% during the third quarter. XY Planning Network Inc. now owns 765 shares of the industrial products company’s stock worth $514,000 after buying an additional 17 shares in the last quarter. Finally, CRA Financial Services LLC grew its position in shares of Deere & Company by 1.4% during the third quarter. CRA Financial Services LLC now owns 1,224 shares of the industrial products company’s stock worth $822,000 after buying an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 0.1%

Shares of NYSE:DE opened at $675.03 on Monday. The company has a market capitalization of $182.00 billion, a PE ratio of 37.50, a P/E/G ratio of 2.47 and a beta of 0.89. 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 twelve month low of $454.50 and a twelve month high of $721.22. The firm has a 50 day simple moving average of $663.79 and a 200-day simple moving average of $604.16.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS 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 firm had revenue of $12.61 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same period last year, the firm posted $4.75 EPS. The company’s revenue was up 6.2% on a year-over-year basis. On average, equities analysts predict that Deere & Company will post 18.11 EPS for the current fiscal year.

Deere & Company Announces Dividend

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

Analyst Ratings Changes

DE has been the topic of several analyst reports. DA Davidson raised their target price on shares of Deere & Company from $685.00 to $760.00 and gave the company a “buy” rating in a report on Monday, August 24th. Weiss Ratings upgraded shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, September 21st. Citigroup increased their price objective on shares of Deere & Company from $610.00 to $650.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. Wall Street Zen lowered shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Finally, Nomura raised shares of Deere & Company to a “buy” rating in a research report on Monday, August 31st. Seventeen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $688.10.

Key Stories Impacting Deere & Company

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

• Positive Sentiment: Deere was largely insulated from the machinery-sector selloff that hit Caterpillar after its moderate outlook. The relative resilience suggests investors viewed Deere’s farm-equipment exposure and outlook more favorably. Caterpillar Drops 7% as Moderate Sales Outlook Overshadows Beat; Deere Sits Out the Selloff
• Positive Sentiment: Analysts highlighted smart-farming technology, automation and cost controls as potential support for Deere, particularly as long-term agricultural demand and equipment investment improve. Zacks Industry Outlook Highlights Deere & Co., Kubota and CNH Industrial
• Positive Sentiment: One valuation analysis estimates Deere may be undervalued by approximately 16%, with cybersecurity developments adding a potential catalyst if the company can strengthen its technology and risk-management position. Deere Stock May Be 16% Undervalued on AI Cyberattack News
• Neutral Sentiment: Analysts expect Deere’s upcoming fourth-quarter report to show a single-digit increase in profit, keeping earnings expectations in focus ahead of the release. Deere & Company’s Earnings: What to Expect
• Negative Sentiment: Wheat’s prolonged decline is pressuring farmers’ incomes and balance sheets, which could eventually reduce demand for new agricultural equipment or delay replacement purchases. Farmers Are Getting Crushed as Wheat Slides for a Record Stretch

Deere & Company Profile

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.