Deere & Company (NYSE:DE) Stock Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of Deere & Company NYSE: DE. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in Deere & Company stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Deere & Company Trading Up 0.6%

Shares of DE traded up $2.92 during midday trading on Friday, reaching $517.58. The company had a trading volume of 858,413 shares, compared to its average volume of 1,058,372. Deere & Company has a 1-year low of $340.20 and a 1-year high of $533.78. The stock has a market cap of $140.18 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 3.28 and a beta of 1.08. The firm has a 50 day simple moving average of $513.03 and a 200-day simple moving average of $484.29. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.72 by $0.92. Deere & Company had a return on equity of 24.39% and a net margin of 12.40%. The business had revenue of $11.17 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the company earned $8.53 EPS. The company's revenue for the quarter was down 17.9% on a year-over-year basis. Research analysts forecast that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is presently 31.35%.

Analysts Set New Price Targets

A number of brokerages have issued reports on DE. JPMorgan Chase & Co. raised their target price on Deere & Company from $490.00 to $540.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Morgan Stanley raised their price objective on Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th. Evercore ISI raised their price objective on Deere & Company from $455.00 to $493.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Truist Financial raised their price objective on Deere & Company from $546.00 to $619.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, DA Davidson reissued a "buy" rating and set a $542.00 price objective on shares of Deere & Company in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $515.50.

Hedge Funds Weigh In On Deere & Company

Several institutional investors have recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock valued at $1,927,000 after buying an additional 1,278 shares during the period. Wealth Alliance purchased a new position in shares of Deere & Company in the 4th quarter valued at about $209,000. Bell Bank boosted its stake in shares of Deere & Company by 10.4% in the 4th quarter. Bell Bank now owns 2,590 shares of the industrial products company's stock valued at $1,097,000 after buying an additional 244 shares during the period. Deseret Mutual Benefit Administrators boosted its stake in shares of Deere & Company by 8.2% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 342 shares of the industrial products company's stock valued at $145,000 after buying an additional 26 shares during the period. Finally, Redmond Asset Management LLC purchased a new position in shares of Deere & Company in the 4th quarter valued at about $758,000. 68.58% of the stock is owned by institutional investors and hedge funds.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

Deere & Company Company Profile

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.