Chancellor Financial Group WB LP Invests $1.32 Million in Deere & Company $DE

Key Points

• Chancellor Financial Group WB LP acquired 2,087 Deere shares valued at approximately $1.32 million, representing 0.8% of its portfolio. Institutional investors collectively own 68.58% of Deere.
• Deere’s latest quarterly results exceeded expectations, with EPS of $6.55 versus the $5.70 consensus and revenue of $13.37 billion, up 5.4% year over year.
• The stock was trading near $589, while analysts maintained a “Moderate Buy” consensus and an average price target of $641.98; however, weaker agricultural spending, elevated costs and recent price-target cuts remain risks.

Chancellor Financial Group WB LP acquired a new stake in shares of Deere & Company (NYSE:DE - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,087 shares of the industrial products company's stock, valued at approximately $1,324,000. Deere & Company comprises 0.8% of Chancellor Financial Group WB LP's holdings, making the stock its 25th largest position.

Several other hedge funds have also made changes to their positions in the stock. BlackRock Inc. bought a new position in Deere & Company during the second quarter valued at about $11,763,504,000. Norges Bank bought a new stake in shares of Deere & Company in the 4th quarter worth approximately $1,715,633,000. Capital World Investors lifted its position in shares of Deere & Company by 53.9% in the 4th quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company's stock worth $4,465,906,000 after acquiring an additional 3,358,264 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Deere & Company during the 2nd quarter worth approximately $1,259,279,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Deere & Company by 1,725.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,003,715 shares of the industrial products company's stock worth $932,870,000 after purchasing an additional 1,893,972 shares in the last quarter. Institutional investors own 68.58% of the company's stock.

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

Deere & Company Trading Down 1.8%

Shares of DE opened at $589.18 on Wednesday. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54. The stock has a market cap of $159.04 billion, a PE ratio of 33.38, a PEG ratio of 2.57 and a beta of 0.90. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The stock has a 50 day simple moving average of $603.98 and a 200-day simple moving average of $589.29.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, beating the consensus estimate of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The business had revenue of $13.37 billion for the quarter, compared to analyst estimates of $11.55 billion. During the same quarter in the previous year, the firm earned $6.64 EPS. Deere & Company's quarterly revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts predict that Deere & Company will post 18.21 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen upgraded Deere & Company from a "sell" rating to a "hold" rating in a research note on Sunday, July 5th. Royal Bank Of Canada reiterated an "outperform" rating and set a $752.00 price target on shares of Deere & Company in a research note on Monday, June 1st. Raymond James Financial lowered their price target on shares of 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 dropped 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 note on Friday, May 22nd. Finally, Seaport Research Partners set a $570.00 price objective on shares of Deere & Company in a report on Friday. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $641.98.

Deere & Company 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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