31,473 Shares in Deere & Company $DE Acquired by Wealthfront Advisers LLC

Key Points

• Wealthfront Advisers acquired 31,473 Deere shares worth approximately $19.96 million in the second quarter, while several other institutions also initiated positions. Institutional investors collectively own 68.58% of the stock.
• Deere reported quarterly EPS of $6.55, beating estimates of $5.70, while revenue rose 5.4% year over year to $13.37 billion. The company pays a quarterly dividend of $1.62, equivalent to a 1.1% yield.
• Analyst sentiment remains a “Moderate Buy,” with a consensus price target of $641.98, but targets have been lowered by several firms. Investors remain focused on weak agricultural spending, production costs, upcoming guidance and potential margin pressure.

Wealthfront Advisers LLC purchased a new position in Deere & Company (NYSE:DE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 31,473 shares of the industrial products company's stock, valued at approximately $19,964,000.

A number of other institutional investors have also added to or reduced their stakes in DE. Global Strategic Investment Solutions LLC bought a new stake in shares of Deere & Company during the second quarter valued at approximately $639,000. Foster & Motley Inc. bought a new position in shares of Deere & Company during the second quarter worth $877,000. Rayburn West Financial Services LLC purchased a new position in Deere & Company during the second quarter valued at $4,123,000. Figure 8 Investment Strategies LLC purchased a new position in Deere & Company during the second quarter valued at $2,381,000. Finally, First National Bank of Omaha bought a new stake in Deere & Company in the 2nd quarter valued at $1,455,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Price Performance

Deere & Company stock opened at $589.18 on Wednesday. Deere & Company has a 52-week low of $433.00 and a 52-week high of $674.19. 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 firm's fifty day moving average is $603.98 and its 200 day moving average is $589.29. The company has a market cap of $159.04 billion, a price-to-earnings ratio of 33.38, a PEG ratio of 2.57 and a beta of 0.90.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, topping analysts' consensus estimates of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The business had revenue of $13.37 billion during the quarter, compared to analysts' expectations of $11.55 billion. During the same period last year, the company posted $6.64 EPS. The business's revenue was up 5.4% on a year-over-year basis. Sell-side analysts forecast that Deere & Company will post 18.21 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, June 30th were given a $1.62 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.1%. Deere & Company's dividend payout ratio (DPR) is currently 36.71%.

Key Stories Impacting Deere & Company

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

• Positive Sentiment: Analysts expect Deere’s upcoming quarter to show modest year-over-year growth, with projected earnings of approximately $4.79 per share and revenue of $10.78 billion. Estimates have generally moved higher, which could support the stock if Deere delivers or raises its outlook. Deere Earnings Loom As Precision Agriculture Narrative Keeps Fair Value In Focus
• Positive Sentiment: The precision-agriculture investment story remains a long-term potential catalyst. Deere’s technology and automation initiatives could improve productivity and support valuation if adoption accelerates. Are Wall Street Analysts Bullish on Deere & Company Stock?
• Neutral Sentiment: Deere is approaching its third-quarter earnings release with investor attention focused on revenue, margins, production levels and management’s outlook. The stock has generated strong longer-term returns, raising the bar for another positive surprise. Insights Into Deere Q3: Wall Street Projections for Key Metrics
• Negative Sentiment: Weak agricultural spending and elevated production costs could pressure Deere’s earnings and margins even if headline revenue and profit estimates improve. This makes the upcoming guidance particularly important for the share price. Deere Set to Report Q3 Earnings
• Negative Sentiment: JPMorgan cut its Deere price target to $570, signaling that the bank sees downside risk relative to recent trading levels. JPMorgan Cuts Deere Price Target
• Negative Sentiment: ARK Invest reportedly exited about $60 million of its Deere position while increasing investments in technology stocks. Although the sale does not change Deere’s fundamentals, it adds selling pressure and reinforces concerns about near-term investor preference for AI-oriented growth companies. ARK Invest Exits Deere Position

Analyst Ratings Changes

DE has been the topic of several research analyst reports. Robert W. Baird decreased their price target on shares of Deere & Company from $580.00 to $525.00 and set a "neutral" rating on the stock in a research note on Friday, May 22nd. Truist Financial raised their price objective on Deere & Company from $759.00 to $812.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. Raymond James Financial reduced their target price on Deere & Company from $765.00 to $700.00 and set an "outperform" rating on the stock in a report on Friday, May 22nd. Bank of America decreased their target price on Deere & Company from $672.00 to $607.50 and set a "neutral" rating on the stock in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. dropped their price target on Deere & Company from $590.00 to $570.00 and set a "neutral" rating for the company in a research note on Friday, August 14th. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $641.98.

About Deere & Company

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.

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