Dimensional Fund Advisors LP Sells 56,908 Shares of Deere & Company $DE

Key Points

• Dimensional Fund Advisors LP reduced its Deere & Company stake by 2.8% in the first quarter, selling 56,908 shares and ending with 1,945,820 shares valued at about $1.10 billion.
• Deere’s latest quarterly results beat expectations, with EPS of $6.55 versus the $5.70 consensus and revenue of $13.37 billion, up 5.4% year over year.
• Analyst sentiment remains constructive: Deere has a Moderate Buy consensus rating, with a consensus price target of $642.98, and the company also declared a quarterly dividend of $1.62 per share.

Dimensional Fund Advisors LP trimmed its holdings in Deere & Company (NYSE:DE - Free Report) by 2.8% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,945,820 shares of the industrial products company's stock after selling 56,908 shares during the quarter. Dimensional Fund Advisors LP owned about 0.72% of Deere & Company worth $1,095,992,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Brighton Jones LLC boosted its holdings in Deere & Company by 39.1% in the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock worth $1,927,000 after purchasing an additional 1,278 shares during the last quarter. Schnieders Capital Management LLC. raised its stake 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 valued at $1,056,000 after buying an additional 150 shares during the last quarter. Jump Financial LLC bought a new position in shares of Deere & Company during the 2nd quarter valued at $2,153,000. NewEdge Advisors LLC grew its holdings in shares of Deere & Company by 6.0% in the second quarter. NewEdge Advisors LLC now owns 18,758 shares of the industrial products company's stock worth $9,538,000 after acquiring an additional 1,067 shares during the period. Finally, Main Street Financial Solutions LLC increased its position in Deere & Company by 6.7% during the second quarter. Main Street Financial Solutions LLC now owns 1,551 shares of the industrial products company's stock valued at $789,000 after acquiring an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Weiss Ratings raised Deere & Company from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, May 21st. Oppenheimer reissued an "outperform" rating and issued a $680.00 price objective (down from $715.00) on shares of Deere & Company in a report on Wednesday, May 27th. Jefferies Financial Group upgraded shares of Deere & Company from an "underperform" rating to a "hold" rating and set a $550.00 target price for the company in a research report on Wednesday, April 8th. JPMorgan Chase & Co. increased their price target on shares of Deere & Company from $560.00 to $590.00 and gave the stock a "neutral" rating in a research report on Thursday, June 4th. Finally, Truist Financial upped their price objective on Deere & Company from $759.00 to $812.00 and gave the stock a "buy" rating in a research note on Thursday, July 2nd. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $642.98.

Deere & Company Price Performance

Shares of NYSE:DE opened at $597.56 on Monday. The company has a market capitalization of $161.31 billion, a P/E ratio of 33.86, a P/E/G ratio of 2.21 and a beta of 0.89. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19. The firm's 50 day simple moving average is $582.55 and its two-hundred day simple moving average is $572.03. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (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 analysts' expectations of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $6.64 earnings per share. Research analysts expect that Deere & Company will post 18.13 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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

Key Headlines Impacting Deere & Company

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

• Positive Sentiment: DA Davidson reiterated a buy rating on Deere & Company and lifted its price target to $685, signaling continued analyst confidence in upside potential. Benzinga
• Neutral Sentiment: Deere was highlighted in broader agriculture and industrial stock roundups, keeping investor attention on the company as a key name in the farm equipment sector. Best Agriculture Stocks To Watch Now - July 14th
• Neutral Sentiment: Erste Group Bank slightly lowered its FY2027 EPS forecast for Deere, which is a minor cautionary note but not a major change to longer-term earnings expectations. MarketBeat report on Deere EPS estimate cut
• Negative Sentiment: Deere also remains tied to a broader industrial-sector backdrop that has lagged the market recently, which can weigh on sentiment toward cyclical names. 1 Industrials Stock to Target This Week and 2 We Find Risky

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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