2,038 Shares in Deere & Company $DE Purchased by ASK Capital Investment Managers LLC

Key Points

• ASK Capital Investment Managers purchased 2,038 Deere shares valued at approximately $1.37 million, making Deere 1.5% of its portfolio. Institutional investors collectively own 68.58% of the company.
• Analyst sentiment remains favorable, with 17 Buy ratings and eight Holds producing a consensus “Moderate Buy” rating and an average price target of $688.10.
• Deere reported quarterly earnings and revenue above expectations, while its board declared a $1.62 quarterly dividend. However, regulatory scrutiny of agricultural-equipment practices and elevated Treasury yields remain potential risks.

ASK Capital Investment Managers LLC purchased a new stake in Deere & Company (NYSE:DE - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,038 shares of the industrial products company's stock, valued at approximately $1,369,000. Deere & Company accounts for 1.5% of ASK Capital Investment Managers LLC's investment portfolio, making the stock its 20th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of DE. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Deere & Company in the 2nd quarter worth $27,000. Kilter Group LLC purchased a new position in shares of Deere & Company during the second quarter valued at $29,000. Solstein Capital LLC purchased a new position in shares of Deere & Company during the second quarter valued at $30,000. Portus Wealth Advisors LLC purchased a new position in shares of Deere & Company during the first quarter valued at $32,000. Finally, Orion Capital Management LLC bought a new stake in shares of Deere & Company in the second quarter valued at about $32,000. Institutional investors own 68.58% of the company's stock.

Wall Street Analyst Weigh In

DE has been the subject of several recent research reports. UBS Group lowered their price objective on shares of Deere & Company from $732.00 to $728.00 and set a "buy" rating for the company in a research note on Friday, August 21st. Weiss Ratings raised shares of Deere & Company from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, September 21st. Evercore raised shares of Deere & Company from an "in-line" rating to an "outperform" rating and set a $813.00 target price on the stock in a research report on Wednesday, September 2nd. CICC Research started coverage on shares of Deere & Company in a report on Sunday, September 13th. They issued an "outperform" rating for the company. Finally, Bank of America upped their price target on shares of Deere & Company from $667.00 to $715.00 in a research report on Thursday, September 24th. Seventeen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $688.10.

Deere & Company News Summary

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: Deere is holding up better than Caterpillar as concerns grow that Caterpillar’s data-center power valuation premium may be unwinding. The divergence is encouraging investors to view Deere as a comparatively less exposed industrial stock. Caterpillar Sinks 5% as Deere Edges Higher
• Positive Sentiment: The Deere & Caterpillar comparison is drawing attention to divergent Wall Street narratives. Deere’s relative performance may reinforce the view that its agricultural-equipment recovery offers a more traditional and potentially steadier industrial growth story. Which Industrials Stock Do Analysts Like Better: Deere or Caterpillar?
• Positive Sentiment: The John Deere Foundation announced an $18.5 million farm-to-plate initiative supporting farmers and hunger-relief programs. The announcement strengthens Deere’s corporate-responsibility profile, although it is unlikely to materially affect near-term earnings. John Deere Foundation Announces $18.5 Million Farm-to-Plate Strategy
• Neutral Sentiment: Earlier trading showed Deere and other industrial stocks pressured by surging Treasury yields, highlighting the risk that elevated interest rates could weigh on premium valuations such as DE’s. Caterpillar and Deere Slide as Treasury Yields Surge
• Negative Sentiment: An FTC-USDA inquiry into competition in agricultural equipment could increase regulatory scrutiny of Deere’s distribution, repair, and technology practices. Public comments are open through Dec. 7, creating an ongoing uncertainty overhang. Ag Equipment’s Recovery Trade Meets Washington’s Scrutiny

Deere & Company Stock Up 2.6%

Shares of NYSE DE opened at $649.32 on Wednesday. Deere & Company has a 12-month low of $433.00 and a 12-month high of $721.22. The stock's fifty day simple moving average is $656.14 and its two-hundred day simple moving average is $610.53. The stock has a market capitalization of $175.07 billion, a PE ratio of 36.07, a price-to-earnings-growth ratio of 2.31 and a beta of 0.86. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.69 by $0.41. The firm had revenue of $12.61 billion during the quarter, compared to analyst estimates of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $4.75 EPS. As a group, analysts expect that Deere & Company will post 18.12 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be paid 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 payout ratio is 36.00%.

About Deere & Company

Deere & Company, commonly known as John Deere, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company's products include tractors, combines, planters, sprayers, harvesting equipment, earthmoving machinery, forestry equipment, commercial and residential lawn-care products, and related technology solutions.

Deere operates through businesses serving production and precision agriculture, small agriculture and turf, and construction and forestry markets.

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