B. Metzler seel. Sohn & Co. AG decreased its holdings in Deere & Company (NYSE:DE - Free Report) by 13.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,438 shares of the industrial products company's stock after selling 2,848 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Deere & Company were worth $11,696,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of DE. Brighton Jones LLC lifted its position in Deere & Company by 39.1% during the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock worth $1,927,000 after buying an additional 1,278 shares in the last quarter. Schnieders Capital Management LLC. raised its holdings in Deere & Company by 7.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,076 shares of the industrial products company's stock worth $1,056,000 after purchasing an additional 150 shares during the last quarter. Jump Financial LLC acquired a new position in Deere & Company during the 2nd quarter valued at about $2,153,000. NewEdge Advisors LLC boosted its stake in shares of Deere & Company by 6.0% in the 2nd quarter. NewEdge Advisors LLC now owns 18,758 shares of the industrial products company's stock valued at $9,538,000 after purchasing an additional 1,067 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its stake in shares of Deere & Company by 6.7% in the 2nd quarter. Main Street Financial Solutions LLC now owns 1,551 shares of the industrial products company's stock valued at $789,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on DE shares. Citigroup boosted their price target on shares of Deere & Company from $610.00 to $650.00 and gave the stock a "neutral" rating in a research note on Friday, August 21st. JPMorgan Chase & Co. raised their price objective on shares of Deere & Company from $570.00 to $585.00 and gave the company a "neutral" rating in a research note on Friday, August 21st. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $752.00 target price on shares of Deere & Company in a report on Monday, August 24th. Evercore upgraded shares of Deere & Company from an "in-line" rating to an "outperform" rating and set a $813.00 target price for the company in a research report on Wednesday. Finally, Truist Financial cut their price target on Deere & Company from $812.00 to $804.00 and set a "buy" rating on the stock in a research note on Monday, August 24th. Sixteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Deere & Company presently has an average rating of "Moderate Buy" and an average price target of $680.73.
Read Our Latest Report on DE
Deere & Company Stock Performance
Shares of DE stock opened at $696.80 on Thursday. The stock 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. The stock has a 50-day moving average of $616.29 and a 200-day moving average of $594.97. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89. Deere & Company has a one year low of $433.00 and a one year high of $700.64.
Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $10.81 billion. During the same quarter in the previous year, the company earned $4.75 earnings per share. The business's revenue for the quarter was up 6.2% on a year-over-year basis. As a group, sell-side analysts expect that Deere & Company will post 18.12 earnings per share for the current year.
Deere & Company Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 0.9%. Deere & Company's payout ratio is 36.00%.
Key Headlines 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.
Deere & Company Profile
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Free Report)
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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