76,537 Shares in Deere & Company $DE Bought by Nykredit A S

Key Points

• Nykredit A S bought 76,537 Deere shares during the second quarter, valued at approximately $48.55 million. Institutional investors and hedge funds collectively own 68.58% of the company.
• Deere recently reported stronger-than-expected quarterly results, with EPS of $5.10 and revenue of $12.61 billion, up 6.2% year over year. The company also declared a quarterly dividend of $1.62 per share.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and a $680.73 price target, while upgrades reflect expectations for an agricultural recovery. However, Deere’s elevated valuation and potential equipment-demand weakness remain risks.

Nykredit A S bought a new stake in Deere & Company (NYSE:DE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 76,537 shares of the industrial products company's stock, valued at approximately $48,550,000.

Other large investors have also recently bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Deere & Company during the 2nd quarter valued at about $27,000. Kilter Group LLC bought a new position in Deere & Company during the second quarter worth $29,000. Solstein Capital LLC acquired a new stake in shares of Deere & Company in the 2nd quarter valued at about $30,000. Orion Capital Management LLC acquired a new stake in Deere & Company in the second quarter valued at approximately $32,000. Finally, Portus Wealth Advisors LLC bought a new stake in Deere & Company during the 1st quarter valued at $32,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Deere & Company

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

• Positive Sentiment: Baird upgraded Deere to Outperform from Neutral and raised its price target to $800 from $640. The firm expects North American agricultural fundamentals to improve in 2027, potentially supported by higher corn prices, improving farm economics and stronger equipment demand. Deere Baird Sees Upside as Agricultural Recovery Approaches
• Positive Sentiment: Evercore also upgraded Deere from In-Line to Outperform and assigned an $813 price target, signaling additional upside based on expectations for an agricultural recovery. Evercore Deere Upgrade
• Positive Sentiment: Deere’s rally to a record level reflects growing investor confidence that profits could improve as the farm-equipment cycle turns. The stock has gained more than 35% since the start of the year, while analysts remain moderately optimistic about its outlook. Market Extremes Flash Warning Signs
• Positive Sentiment: Deere launched “JD,” an artificial-intelligence assistant integrated into its Operations Center to help farmers manage equipment and farm operations. The initiative could strengthen Deere’s technology offering and customer relationships over time. Deere Launches AI Assistant
• Neutral Sentiment: Unusually heavy call-option activity accompanied the rally, with investors purchasing 8,338 calls—about 61% above average daily volume. This indicates bullish trading interest but does not by itself establish a fundamental change in value.
• Negative Sentiment: Farmers can now file claims under a Deere settlement involving agricultural equipment customers. Potential payouts and legal costs may weigh on sentiment, although the near-term financial impact is not clear. John Deere Settlement Offers Customers Payouts
• Negative Sentiment: After its strong advance, Deere’s valuation is back in focus. Investors may be vulnerable to a pullback if the expected agricultural recovery is delayed or equipment demand fails to meet optimistic forecasts.

Wall Street Analysts Forecast Growth

DE has been the subject of a number of recent research reports. Citigroup boosted their price objective on Deere & Company from $610.00 to $650.00 and gave the stock a "neutral" rating in a report on Friday, August 21st. Weiss Ratings reiterated a "hold (c+)" rating on shares of Deere & Company in a research note on Tuesday, August 18th. Truist Financial cut their price target on shares of Deere & Company from $812.00 to $804.00 and set a "buy" rating on the stock in a report on Monday, August 24th. 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 note on Monday, August 24th. Finally, DA Davidson upped their price objective on Deere & Company from $685.00 to $760.00 and gave the company a "buy" rating in a research note on Monday, August 24th. Sixteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $680.73.

Deere & Company Price Performance

NYSE DE opened at $696.80 on Thursday. The company has a quick ratio of 1.89, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. The company has a market cap of $187.88 billion, a PE ratio of 38.71, a price-to-earnings-growth ratio of 2.79 and a beta of 0.90. Deere & Company has a 52 week low of $433.00 and a 52 week high of $700.64. The firm's 50-day simple moving average is $616.29 and its two-hundred day simple moving average is $594.97.

Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The firm had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same quarter last year, the company earned $4.75 earnings per share. The company's revenue was up 6.2% on a year-over-year basis. Research analysts predict that Deere & Company will post 18.12 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be given a dividend of $1.62 per share. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 0.9%. Deere & Company's dividend payout ratio is currently 36.00%.

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.

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