Kiley Juergens Wealth Management LLC acquired a new position in Deere & Company (NYSE:DE – Free Report) in the first quarter, Holdings Channel reports. The firm acquired 2,423 shares of the industrial products company’s stock, valued at approximately $1,365,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DE. Strategic Advocates LLC purchased a new stake in shares of Deere & Company in the third quarter valued at $25,000. Portus Wealth Advisors LLC purchased a new position in shares of Deere & Company during the first quarter valued at $32,000. Key Capital Management INC purchased a new position in shares of Deere & Company during the fourth quarter valued at $27,000. Timmons Wealth Management LLC acquired a new position in Deere & Company during the fourth quarter valued at $29,000. Finally, McIlrath & Eck LLC acquired a new position in Deere & Company during the fourth quarter valued at $30,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have commented on DE shares. Bank of America decreased their price objective on Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $752.00 price target on shares of Deere & Company in a research report on Monday, June 1st. Weiss Ratings upgraded shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Citigroup lowered their price objective on shares of Deere & Company from $625.00 to $595.00 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Deere & Company from $560.00 to $590.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $642.23.
Deere & Company Stock Down 5.1%
Shares of DE traded down $32.60 during midday trading on Tuesday, reaching $602.64. 234,602 shares of the stock were exchanged, compared to its average volume of 1,441,510. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19. The firm has a 50 day simple moving average of $578.41 and a 200-day simple moving average of $563.22. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. The company has a market cap of $162.67 billion, a price-to-earnings ratio of 34.11, a P/E/G ratio of 2.30 and a beta of 0.89.
Deere & Company (NYSE:DE – Get Free Report) last announced its quarterly 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 analysts’ expectations of $11.55 billion. During the same quarter in the previous year, the business posted $6.64 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts forecast that Deere & Company will post 18.13 EPS for the current year.
Deere & Company Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Deere & Company’s payout ratio is currently 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.
Featured Stories
- Five stocks we like better than Deere & Company
- 3 Quiet AI Revenue Accelerators With Sales Growth Outpacing Peers
- Top 135 Best Locally Owned BBQ Supply Stores in the U.S., According to Survey [2026]
- Silicon Starvation: Amazon Feasts on Legacy GPUs
- GE Vernova’s Power Surge Turns the Grid Into an AI Trade
Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE – Free Report).
Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.
-logo-1200x675.png){kind=logo}
