10,360 Deere & Company $DE Shares Sold by Ethic Inc.

Ethic Inc. trimmed its position in shares of Deere & Company (NYSE:DE) by 31.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,021 shares of the industrial products company’s stock after selling 10,360 shares during the quarter. Ethic Inc.’s holdings in Deere & Company were worth $15,460,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Deere & Company during the 2nd quarter worth approximately $27,000. Kilter Group LLC purchased a new position in shares of Deere & Company during the 2nd quarter worth approximately $29,000. Solstein Capital LLC purchased a new position in shares of Deere & Company during the 2nd quarter worth approximately $30,000. Orion Capital Management LLC acquired a new stake in shares of Deere & Company in the 2nd quarter valued at approximately $32,000. Finally, Markowski Investments acquired a new stake in shares of Deere & Company in the 2nd quarter valued at approximately $34,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DE has been the topic of a number of recent analyst reports. Raymond James Financial upped their price objective on Deere & Company from $700.00 to $730.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. Wall Street Zen downgraded Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Truist Financial decreased their target price on shares of Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a research report on Monday, August 24th. Weiss Ratings raised shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, September 21st. Finally, UBS Group lowered their price target on shares of Deere & Company from $732.00 to $728.00 and set a “buy” rating on the stock in a research note on Friday, August 21st. Seventeen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Deere & Company currently has an average rating of “Moderate Buy” and a consensus price target of $688.10.

Deere & Company Stock Performance

DE opened at $671.99 on Friday. The stock has a market cap 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. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89. The stock’s 50 day simple moving average is $667.02 and its 200 day simple moving average is $608.14. Deere & Company has a 1-year low of $455.90 and a 1-year high of $721.22.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.69 by $0.41. The firm had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. Deere & Company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the business posted $4.75 EPS. As a group, equities analysts anticipate that Deere & Company will post 18.11 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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

Trending Headlines about Deere & Company

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

Deere & Company Profile