Sterling Capital Management LLC reduced its stake in Deere & Company (NYSE:DE – Free Report) by 15.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 92,441 shares of the industrial products company’s stock after selling 16,259 shares during the quarter. Deere & Company accounts for approximately 1.0% of Sterling Capital Management LLC’s portfolio, making the stock its 19th largest holding. Sterling Capital Management LLC’s holdings in Deere & Company were worth $52,072,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in DE. Strategic Advocates LLC bought a new stake in Deere & Company in the third quarter worth about $25,000. Key Capital Management INC bought a new position in shares of Deere & Company during the 4th quarter valued at approximately $27,000. Timmons Wealth Management LLC purchased a new stake in shares of Deere & Company during the 4th quarter worth approximately $29,000. McIlrath & Eck LLC purchased a new stake in shares of Deere & Company during the 4th quarter worth approximately $30,000. Finally, Wealth Watch Advisors INC bought a new stake in shares of Deere & Company in the 3rd quarter worth approximately $32,000. Institutional investors own 68.58% of the company’s stock.
More Deere & Company News
Here are the key news stories impacting Deere & Company this week:
- Positive Sentiment: Deere raised full-year net income guidance, expanded its share repurchase program, and highlighted AI-enabled efficiency investments, all of which support the case for stronger margins and shareholder returns. Deere (DE) Is Up 7.0% After Raising Guidance, Expanding Buybacks And Highlighting AI Efficiency Investments
- Positive Sentiment: RBC Capital and Freedom Broker raised price targets on Deere after strong quarterly earnings, signaling Wall Street sees continued upside following the company’s latest results. RBC Capital and Freedom Broker Raise Price Targets on Deere (DE) After Strong Quarterly Earnings
- Positive Sentiment: Deere continues to be viewed as a long-term winner in agtech, robotics, and automation, reinforcing the investment case for its precision-farming and technology-driven business model. Is Deere & Co. (DE) Amongst the Best Robotics and Automation Stocks to Look at
- Neutral Sentiment: Deere and other ag-related companies are being highlighted in articles about agtech and food innovation, which supports the long-term theme but does not appear to be a direct stock-moving catalyst. 3 AgTech & Food Innovation Stocks Driving Agriculture’s Future
- Neutral Sentiment: Some commentary suggests Deere may be near an agricultural-cycle bottom in 2026, which could eventually help the stock if farm conditions improve, but that recovery is still forward-looking. Deere Expects 2026 to Mark the Bottom of the Agriculture Cycle, RBC Says
- Negative Sentiment: Near-term sentiment is being capped by concerns that Deere’s agriculture business is still working through a cyclical downturn, even as investors look for signs that demand has stabilized. How CAT Stock Doubles Again To Reach $2,000
Deere & Company Stock Down 2.7%
Deere & Company (NYSE:DE – Get Free Report) last posted its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $11.55 billion. During the same quarter in the prior year, the business posted $6.64 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts predict that Deere & Company will post 18.13 earnings per share for the current year.
Deere & Company Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, June 30th will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, June 30th. Deere & Company’s payout ratio is presently 36.71%.
Analyst Ratings Changes
Several equities analysts recently commented on DE shares. Oppenheimer reiterated an “outperform” rating and issued a $680.00 price objective (down from $715.00) on shares of Deere & Company in a research note on Wednesday, May 27th. Raymond James Financial lowered their target price on Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd. Wolfe Research upped their price target on Deere & Company from $550.00 to $660.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Barclays increased their price target on Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $752.00 price objective on shares of Deere & Company in a report on Monday, June 1st. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $639.58.
Get Our Latest Stock Analysis on Deere & Company
Deere & 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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