Aptus Capital Advisors LLC raised its stake in Deere & Company (NYSE:DE - Free Report) by 16.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,983 shares of the industrial products company's stock after acquiring an additional 5,506 shares during the quarter. Aptus Capital Advisors LLC's holdings in Deere & Company were worth $18,297,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hughes Financial Services LLC purchased a new stake in shares of Deere & Company during the 1st quarter valued at approximately $29,000. Cornerstone Planning Group LLC lifted its stake in shares of Deere & Company by 116.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock valued at $31,000 after buying an additional 36 shares in the last quarter. Orion Capital Management LLC purchased a new stake in shares of Deere & Company during the 4th quarter valued at approximately $34,000. Mascagni Wealth Management Inc. purchased a new stake in shares of Deere & Company during the 4th quarter valued at approximately $39,000. Finally, Citizens National Bank Trust Department purchased a new stake in shares of Deere & Company during the 1st quarter valued at approximately $45,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.
Deere & Company Price Performance
Shares of NYSE:DE traded up $8.3320 during trading on Friday, reaching $495.0920. The company had a trading volume of 1,133,021 shares, compared to its average volume of 1,363,902. The company has a fifty day moving average of $508.86 and a two-hundred day moving average of $490.28. The stock has a market capitalization of $134.09 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 3.15 and a beta of 1.06. Deere & Company has a 12 month low of $374.46 and a 12 month high of $533.78. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76.
Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, topping analysts' consensus estimates of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The firm had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the firm earned $6.29 EPS. The business's revenue for the quarter was down 9.0% compared to the same quarter last year. Equities research analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.
Deere & Company Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Monday, June 30th were issued a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.3%. Deere & Company's dividend payout ratio (DPR) is currently 33.87%.
Analyst Ratings Changes
A number of analysts recently weighed in on DE shares. Robert W. Baird decreased their target price on shares of Deere & Company from $520.00 to $488.00 and set a "neutral" rating on the stock in a report on Friday, August 15th. Truist Financial decreased their target price on shares of Deere & Company from $619.00 to $602.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Barclays upped their target price on shares of Deere & Company from $475.00 to $530.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Citigroup decreased their target price on shares of Deere & Company from $550.00 to $525.00 and set a "neutral" rating on the stock in a report on Friday, May 30th. Finally, DA Davidson decreased their target price on shares of Deere & Company from $595.00 to $580.00 and set a "buy" rating on the stock in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $523.87.
Check Out Our Latest Stock Report on DE
Deere & Company Profile
(
Free Report)
Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.
Further Reading
Before you consider Deere & Company, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Deere & Company wasn't on the list.
While Deere & Company currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access