Representative Bruce Westerman (R-Arkansas) recently bought shares of Deere & Company NYSE: DE. In a filing disclosed on April 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in Deere & Company stock on March 3rd. The trade occurred in the Representative's "FISHER IRA" account.
Representative Bruce Westerman also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of LVMH Moët Hennessy - Louis Vuitton, Société Européenne OTCMKTS: LVMUY on 4/2/2025.
- Purchased $1,001 - $15,000 in shares of Sony Group NYSE: SONY on 3/24/2025.
- Purchased $1,001 - $15,000 in shares of Mitsubishi UFJ Financial Group NYSE: MUFG on 3/21/2025.
- Purchased $1,001 - $15,000 in shares of BP NYSE: BP on 3/21/2025.
- Sold $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 3/20/2025.
- Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 3/20/2025.
- Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 3/20/2025.
- Sold $1,001 - $15,000 in shares of Visa NYSE: V on 3/20/2025.
- Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 3/20/2025.
- Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 3/20/2025.
Deere & Company Stock Performance
DE stock traded up $4.64 during midday trading on Wednesday, hitting $459.30. 425,144 shares of the stock traded hands, compared to its average volume of 1,420,614. Deere & Company has a 1-year low of $340.20 and a 1-year high of $515.05. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. The stock's fifty day simple moving average is $468.85 and its 200-day simple moving average is $445.27. The firm has a market cap of $124.66 billion, a P/E ratio of 20.36, a PEG ratio of 2.14 and a beta of 1.00.
Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, beating analysts' consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. On average, analysts expect that Deere & Company will post 19.32 earnings per share for the current year.
Deere & Company Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company's dividend payout ratio (DPR) is presently 28.72%.
Hedge Funds Weigh In On Deere & Company
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Everence Capital Management Inc. lifted its stake in Deere & Company by 148.3% in the fourth quarter. Everence Capital Management Inc. now owns 12,223 shares of the industrial products company's stock worth $5,179,000 after acquiring an additional 7,300 shares during the last quarter. Compass Financial Services Inc acquired a new stake in shares of Deere & Company in the 4th quarter valued at $254,000. Czech National Bank lifted its position in shares of Deere & Company by 5.7% during the 4th quarter. Czech National Bank now owns 55,170 shares of the industrial products company's stock worth $23,376,000 after purchasing an additional 2,964 shares during the last quarter. Banque Pictet & Cie SA grew its stake in shares of Deere & Company by 2.0% during the fourth quarter. Banque Pictet & Cie SA now owns 78,274 shares of the industrial products company's stock worth $33,165,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Spectrum Financial Alliance Ltd LLC increased its holdings in Deere & Company by 2.9% in the fourth quarter. Spectrum Financial Alliance Ltd LLC now owns 49,613 shares of the industrial products company's stock valued at $21,021,000 after buying an additional 1,407 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.
Analysts Set New Price Targets
DE has been the subject of several research analyst reports. UBS Group reduced their price target on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Evercore ISI upped their target price on shares of Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Oppenheimer raised their price target on shares of Deere & Company from $510.00 to $513.00 and gave the stock an "outperform" rating in a research note on Tuesday. Robert W. Baird reiterated a "neutral" rating and issued a $501.00 price objective on shares of Deere & Company in a report on Monday, March 3rd. Finally, Truist Financial reiterated a "buy" rating and set a $546.00 price target (down previously from $550.00) on shares of Deere & Company in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $460.21.
Check Out Our Latest Research Report on DE
Insider Activity
In related news, insider Rajesh Kalathur sold 24,580 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the completion of the sale, the insider now directly owns 74,878 shares of the company's stock, valued at $37,484,675.58. This represents a 24.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.29% of the company's stock.
About Representative Westerman
Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas' 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.
Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas' 4th Congressional District. He declared candidacy for the 2026 election.
Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.
About Deere & Company
(
Get Free Report)
Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.
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