Diversify Advisory Services LLC Purchases Shares of 2,940 Deere & Company $DE

Key Points

• Diversify Advisory Services LLC purchased 2,940 Deere & Company shares valued at approximately $1.84 million during the second quarter. Several other funds also opened positions, and institutional investors now own 68.58% of the stock.
• Analyst sentiment remains broadly positive, with 14 Buy ratings and nine Holds producing a consensus “Moderate Buy” rating and an average price target of $641.98, despite recent price-target reductions from some firms.
• Deere’s latest quarterly results exceeded expectations, with $6.55 in earnings per share and $13.37 billion in revenue; the company also pays a quarterly dividend of $1.62 per share, equivalent to a 1.1% yield.

Diversify Advisory Services LLC purchased a new position in shares of Deere & Company (NYSE:DE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,940 shares of the industrial products company's stock, valued at approximately $1,838,000.

Several other hedge funds and other institutional investors have also made changes to their positions in DE. Gables Capital Management Inc. acquired a new position in Deere & Company during the second quarter worth $1,651,000. Wealthfront Advisers LLC acquired a new position in shares of Deere & Company during the 2nd quarter worth about $19,964,000. Global Strategic Investment Solutions LLC acquired a new position in shares of Deere & Company during the 2nd quarter worth about $639,000. Foster & Motley Inc. bought a new stake in shares of Deere & Company in the 2nd quarter valued at about $877,000. Finally, Rayburn West Financial Services LLC acquired a new stake in Deere & Company in the 2nd quarter valued at about $4,123,000. 68.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on DE shares. Wall Street Zen upgraded Deere & Company from a "sell" rating to a "hold" rating in a research note on Sunday, July 5th. Weiss Ratings upgraded Deere & Company from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, May 21st. Robert W. Baird reduced their price objective on shares of Deere & Company from $580.00 to $525.00 and set a "neutral" rating for the company in a research report on Friday, May 22nd. JPMorgan Chase & Co. decreased their price target on shares of Deere & Company from $590.00 to $570.00 and set a "neutral" rating on the stock in a research note on Friday, August 14th. Finally, Seaport Research Partners set a $570.00 price objective on shares of Deere & Company in a research report on Friday, August 14th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $641.98.

Deere & Company Stock Performance

NYSE DE opened at $580.06 on Thursday. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The firm has a market capitalization of $156.58 billion, a price-to-earnings ratio of 32.86, a P/E/G ratio of 2.49 and a beta of 0.90. The firm's 50 day simple moving average is $604.36 and its 200 day simple moving average is $589.65.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 earnings per share 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 period last year, the firm posted $6.64 earnings per share. Deere & Company's revenue was up 5.4% compared to the same quarter last year. As a group, research analysts expect that Deere & Company will post 18.21 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

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

Deere & Company News Roundup

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

• Positive Sentiment: Analysts expect Deere to report approximately $4.70–$4.79 in earnings per share and about $10.73–$10.78 billion in revenue. Although revenue would be below the prior-year quarter, the estimates have reportedly moved higher ahead of the release, creating potential for a positive reaction if Deere beats expectations. Deere Set to Report Q3 Earnings
• Positive Sentiment: Investors are watching whether Deere’s precision-agriculture technology and exposure to data-center-related infrastructure can support growth beyond traditional farm machinery. Evidence of resilient technology demand or stronger margins could reinforce the company’s longer-term investment narrative. Deere Q3 Preview
• Neutral Sentiment: The earnings announcement is the immediate catalyst, with investors focused on management’s outlook for agriculture, construction equipment, inventories and full-year profitability. Analysts remain mixed, including JPMorgan’s Neutral rating, suggesting expectations are not uniformly bullish. Deere Dividends Ahead of Q3 Earnings
• Negative Sentiment: Consensus revenue of roughly $10.73 billion would decline from $12.02 billion a year earlier, reflecting pressure in the farming sector. Weak farm spending and elevated production costs could weigh on margins and make it harder for Deere to deliver a strong outlook. Deere Earnings and Precision Agriculture

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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