Leonteq Securities AG acquired a new position in Deere & Company (NYSE:DE – Free Report) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,925 shares of the industrial products company’s stock, valued at approximately $1,362,000.
Several other large investors have also recently made changes to their positions in DE. Strategic Advocates LLC acquired a new position in shares of Deere & Company in the 3rd quarter worth approximately $25,000. Key Capital Management INC acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $27,000. Activest Wealth Management lifted its holdings in shares of Deere & Company by 69.2% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 27 shares during the last quarter. McIlrath & Eck LLC acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $30,000. Finally, Wealth Watch Advisors INC acquired a new position in shares of Deere & Company in the 3rd quarter worth approximately $32,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.
Key Headlines Impacting Deere & Company
Here are the key news stories impacting Deere & Company this week:
- Positive Sentiment: Deere posted stronger-than-expected Q2 results, with EPS of $6.55 topping estimates and revenue rising 5.4% year over year to $13.37 billion, helped by solid demand in Small Ag & Turf and Construction & Forestry. Deere Shares Fall 4.4% Despite Earnings Beat and Stable Outlook
- Positive Sentiment: The company said it maintained its full-year profit outlook, signaling management confidence despite a tougher farm-cycle backdrop. Deere beats second-quarter profit estimate but maintains full-year forecast
- Neutral Sentiment: Deere’s construction and smaller-equipment businesses continued to offset weakness in core agricultural equipment, keeping overall sales growth positive. Deere Sales Rise as Construction Growth Offsets Agriculture Weakness
- Negative Sentiment: Investors are focusing on weak large-agriculture trends: Production & Precision Ag sales fell sharply and operating profit declined, suggesting the most cyclical part of Deere’s business is still under pressure. Deere shares tumble after weak large-ag outlook overshadows earnings beat
- Negative Sentiment: Management’s unchanged full-year framework and cautious commentary on farm budgets imply a slow recovery for big-ticket equipment demand, which is weighing on the stock. Deere Shares Tumble With Farmers Facing ‘Ongoing Challenges’
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on Deere & Company
Deere & Company Price Performance
Deere & Company stock opened at $530.84 on Friday. The firm has a market cap of $143.39 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 1.96 and a beta of 0.96. Deere & Company has a 52-week low of $433.00 and a 52-week high of $674.19. The company has a quick ratio of 1.96, a current ratio of 2.21 and a debt-to-equity ratio of 1.59. The company’s 50 day moving average is $577.80 and its two-hundred day moving average is $539.87.
Deere & Company (NYSE:DE – Get Free Report) last released its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.70 by $0.85. The company had revenue of $11.78 billion for the quarter, compared to analyst estimates of $11.55 billion. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $6.64 EPS. On average, research analysts expect that Deere & Company will post 18.01 EPS for the current fiscal year.
Deere & Company Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st were issued a dividend of $1.62 per share. The ex-dividend date was Tuesday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.2%. Deere & Company’s dividend payout ratio is 36.53%.
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.
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