2,498 Shares in Deere & Company $DE Bought by Centaurus Financial Inc.

Key Points

• Centaurus Financial acquired 2,498 Deere shares worth approximately $1.585 million during the second quarter, while institutional investors collectively own 68.58% of the company.
• Deere exceeded quarterly expectations, reporting $5.10 in EPS and $12.61 billion in revenue, up 6.2% year over year; construction and turf demand helped offset softer agricultural conditions.
• The company declared a $1.62 quarterly dividend, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and an average price target of $653.48.

Centaurus Financial Inc. purchased a new stake in Deere & Company (NYSE:DE - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,498 shares of the industrial products company's stock, valued at approximately $1,585,000.

Other large investors have also recently added to or reduced their stakes in the company. Coastal Bridge Advisors LLC acquired a new position in Deere & Company during the 2nd quarter worth $463,000. Jefferies Financial Group Inc. bought a new position in shares of Deere & Company during the second quarter worth about $7,040,000. Public Employees Retirement System of Ohio acquired a new position in Deere & Company in the second quarter worth about $59,009,000. MASTERINVEST Kapitalanlage GmbH acquired a new stake in Deere & Company during the second quarter valued at approximately $6,124,000. Finally, Proficio Capital Partners LLC acquired a new stake in Deere & Company during the second quarter valued at approximately $1,038,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Stock Down 1.9%

DE opened at $622.67 on Friday. The stock's 50 day moving average price is $610.78 and its 200 day moving average price is $593.08. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89. The stock has a market cap of $168.08 billion, a P/E ratio of 34.59, a P/E/G ratio of 2.62 and a beta of 0.90. Deere & Company has a 12 month low of $433.00 and a 12 month high of $674.19.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.The company had revenue of $12.61 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the previous year, the firm posted $4.75 EPS. The firm's quarterly revenue was up 6.2% on a year-over-year basis. As a group, research analysts predict that Deere & Company will post 18.09 earnings per share for the current year.

Deere & Company Dividend Announcement

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 dividend of $1.62 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.48 annualized dividend and a yield of 1.0%. Deere & Company's dividend payout ratio (DPR) is presently 36.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DE. DA Davidson lifted their target price on Deere & Company from $685.00 to $760.00 and gave the stock a "buy" rating in a research report on Monday. Seaport Research Partners set a $570.00 target price on shares of Deere & Company in a research note on Friday, August 14th. Barclays raised their price target on shares of Deere & Company from $640.00 to $675.00 and gave the stock an "overweight" rating in a research report on Monday. Bank of America lowered their price objective on shares of Deere & Company from $672.00 to $607.50 and set a "neutral" rating for the company in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $752.00 price objective on shares of Deere & Company in a research note on Monday. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $653.48.

Key Deere & Company News

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

• Positive Sentiment: Better-than-expected earnings and execution: Deere reported fiscal third-quarter earnings per share of $5.10, above the $4.69 analyst consensus, while revenue reached $12.61 billion versus expectations of $10.81 billion. Net income increased 7% year over year to $1.379 billion. Management cited strong factory output, disciplined cost control, favorable price realization, and steady construction and turf demand. Deere’s Q2 Earnings Call: Our Top 5 Analyst Questions
• Positive Sentiment: Construction and AI opportunities support diversification: Coverage highlighted growth in less traditional areas, including construction, where demand is benefiting from technology and infrastructure investment. Deere also entered a $10 million, three-year R&D partnership with Reservoir to accelerate rugged artificial-intelligence applications for high-value crop agriculture. Deere quarterly profits and construction growth Reservoir AI partnership with John Deere
• Positive Sentiment: Analyst support and shareholder return: DA Davidson raised its price target to $760, while RBC reaffirmed an “Outperform” rating. Deere also declared a quarterly dividend of $1.62 per share, payable November 9 to shareholders of record September 30. DA Davidson raises Deere price target RBC reaffirms Deere Outperform rating Deere quarterly dividend announcement
• Neutral Sentiment: Mixed segment picture: The earnings commentary suggests Deere’s diversified businesses, particularly construction and turf, are offsetting softer conditions in its largest agriculture-related division. Investors may therefore remain focused on the durability of farm-equipment demand and the company’s outlook.
• Negative Sentiment: Valuation leaves less room for disappointment: With the shares trading at roughly 35 times earnings, investors may be taking profits or showing caution despite the earnings beat, particularly if agricultural weakness persists or growth in newer businesses takes longer to scale.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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