3,754 Shares in Deere & Company $DE Acquired by Figure 8 Investment Strategies LLC

Key Points

• Figure 8 Investment Strategies LLC acquired 3,754 Deere shares worth approximately $2.38 million, making Deere its 19th-largest holding. Institutional investors collectively own 68.58% of the company.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $641.98, although recent target changes have been mixed.
• Deere shares opened at $589.18, down 1.8%, while the company’s latest quarterly results exceeded expectations with $6.55 in EPS and $13.37 billion in revenue; it also pays a $1.62 quarterly dividend.

Figure 8 Investment Strategies LLC bought a new stake in Deere & Company (NYSE:DE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,754 shares of the industrial products company's stock, valued at approximately $2,381,000. Deere & Company makes up about 2.0% of Figure 8 Investment Strategies LLC's portfolio, making the stock its 19th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Deere & Company during the 2nd quarter worth $27,000. Timmons Wealth Management LLC purchased a new stake in Deere & Company in the fourth quarter valued at about $29,000. McIlrath & Eck LLC purchased a new stake in Deere & Company in the fourth quarter valued at about $30,000. Portus Wealth Advisors LLC acquired a new stake in Deere & Company in the first quarter worth about $32,000. Finally, Wealth Watch Advisors INC acquired a new stake in Deere & Company in the third quarter worth about $32,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DE has been the topic of several recent analyst reports. Seaport Research Partners set a $570.00 price objective on shares of Deere & Company in a report on Friday. Truist Financial lifted their target price on shares of Deere & Company from $759.00 to $812.00 and gave the stock a "buy" rating in a research note on Thursday, July 2nd. Bank of America dropped their target price on shares of Deere & Company from $672.00 to $607.50 and set a "neutral" rating on the stock in a research report on Friday, May 22nd. Robert W. Baird cut 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. Finally, Citigroup raised their price target on shares of Deere & Company from $575.00 to $610.00 and gave the stock a "neutral" rating in a report on Tuesday, July 14th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $641.98.

Trending Headlines about 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

Deere & Company Stock Down 1.8%

Shares of DE stock opened at $589.18 on Wednesday. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. The firm has a market capitalization of $159.04 billion, a PE ratio of 33.38, a P/E/G ratio of 2.57 and a beta of 0.90. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18. The stock's 50-day simple moving average is $603.98 and its 200-day simple moving average is $589.29.

Deere & Company (NYSE:DE - Get Free Report) last released its earnings results 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. The firm had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $11.55 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The company's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.64 earnings per share. Equities analysts expect that Deere & Company will post 18.21 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, June 30th. Deere & Company's payout ratio is presently 36.71%.

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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