Enterprise Financial Services Corp lessened its stake in shares of Deere & Company (NYSE:DE – Free Report) by 28.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,091 shares of the industrial products company’s stock after selling 839 shares during the quarter. Enterprise Financial Services Corp’s holdings in Deere & Company were worth $1,178,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategic Advocates LLC acquired a new position in shares of Deere & Company during the 3rd quarter valued at $25,000. Key Capital Management INC acquired a new stake in shares of Deere & Company in the fourth quarter valued at $27,000. Timmons Wealth Management LLC acquired a new stake in shares of Deere & Company in the fourth quarter valued at $29,000. McIlrath & Eck LLC bought a new position in Deere & Company during the fourth quarter valued at about $30,000. Finally, Portus Wealth Advisors LLC bought a new position in Deere & Company during the first quarter valued at about $32,000. Institutional investors own 68.58% of the company’s stock.
Trending Headlines about Deere & Company
Here are the key news stories impacting Deere & Company this week:
- Positive Sentiment: Deere settled its FTC right-to-repair lawsuit, paving the way for broader repair access and potentially stronger customer service relationships. Will Deere Benefit From Settling Its FTC Right-to-Repair Dispute?
- Positive Sentiment: Another report highlighted Deere as a stock to watch in the agriculture equipment sector, reinforcing investor attention on the name. Promising Agriculture Stocks To Watch Today – July 13th
- Neutral Sentiment: Analyst-style comparisons versus Alamo Group focused on valuation rather than any new operating development for Deere. ALG vs. DE: Which Stock Is the Better Value Option?
- Neutral Sentiment: An agricultural machinery components industry report mentioned Deere among major players and cited themes like repair access and precision farming, but it did not include Deere-specific financial news. Agricultural Machinery Components Market Report Published, Profiles Deere, CNH Industrial, AGCO, Kubota, and 11 Other Companies
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on DE
Deere & Company Stock Performance
Shares of NYSE DE opened at $598.56 on Friday. The stock’s fifty day simple moving average is $582.10 and its 200 day simple moving average is $571.13. The stock has a market capitalization of $161.58 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 2.18 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. Deere & Company has a 52-week low of $433.00 and a 52-week high of $674.19.
Deere & Company (NYSE:DE – Get Free Report) last announced 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 business had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $11.55 billion. During the same period in the prior year, the business posted $6.64 earnings per share. Deere & Company’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Deere & Company will post 18.13 earnings per share for the current fiscal year.
Deere & Company Dividend Announcement
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 issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, June 30th. Deere & Company’s payout ratio is presently 36.71%.
Deere & Company Company Profile
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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