Equitable Holdings Inc. bought a new stake in shares of Deere & Company (NYSE:DE – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,585 shares of the industrial products company’s stock, valued at approximately $6,715,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Deere & Company during the 2nd quarter worth about $27,000. Timmons Wealth Management LLC purchased a new position in shares of Deere & Company during the fourth quarter valued at $29,000. Kilter Group LLC bought a new stake in shares of Deere & Company in the second quarter valued at about $29,000. McIlrath & Eck LLC bought a new stake in shares of Deere & Company in the fourth quarter valued at about $30,000. Finally, Solstein Capital LLC purchased a new stake in Deere & Company in the second quarter worth about $30,000. 68.58% of the stock is currently owned by institutional investors.
More Deere & Company News
Here are the key news stories impacting Deere & Company this week:
- Positive Sentiment: Better-than-expected earnings and execution: Deere reported fiscal third-quarter earnings per share of $5.10, above the $4.69 analyst consensus, while revenue reached $12.61 billion versus expectations of $10.81 billion. Net income increased 7% year over year to $1.379 billion. Management cited strong factory output, disciplined cost control, favorable price realization, and steady construction and turf demand. Deere’s Q2 Earnings Call: Our Top 5 Analyst Questions
- Positive Sentiment: Construction and AI opportunities support diversification: Coverage highlighted growth in less traditional areas, including construction, where demand is benefiting from technology and infrastructure investment. Deere also entered a $10 million, three-year R&D partnership with Reservoir to accelerate rugged artificial-intelligence applications for high-value crop agriculture. Deere quarterly profits and construction growth Reservoir AI partnership with John Deere
- Positive Sentiment: Analyst support and shareholder return: DA Davidson raised its price target to $760, while RBC reaffirmed an “Outperform” rating. Deere also declared a quarterly dividend of $1.62 per share, payable November 9 to shareholders of record September 30. DA Davidson raises Deere price target RBC reaffirms Deere Outperform rating Deere quarterly dividend announcement
- Neutral Sentiment: Mixed segment picture: The earnings commentary suggests Deere’s diversified businesses, particularly construction and turf, are offsetting softer conditions in its largest agriculture-related division. Investors may therefore remain focused on the durability of farm-equipment demand and the company’s outlook.
- Negative Sentiment: Valuation leaves less room for disappointment: With the shares trading at roughly 35 times earnings, investors may be taking profits or showing caution despite the earnings beat, particularly if agricultural weakness persists or growth in newer businesses takes longer to scale.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on Deere & Company
Deere & Company Trading Down 1.9%
Shares of NYSE:DE opened at $622.67 on Friday. The business’s 50-day moving average is $610.78 and its 200 day moving average is $593.08. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The firm has a market capitalization of $168.08 billion, a P/E ratio of 34.59, a P/E/G ratio of 2.62 and a beta of 0.90.
Deere & Company (NYSE:DE – Get Free Report) last released its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.The firm had revenue of $12.61 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the prior year, the firm earned $4.75 EPS. The firm’s revenue was up 6.2% on a year-over-year basis. On average, research analysts predict that Deere & Company will post 18.09 earnings per share for the current fiscal year.
Deere & Company Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Wednesday, September 30th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, September 30th. Deere & Company’s dividend payout ratio is 36.00%.
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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