UniSuper Management Pty Ltd reduced its holdings in Deere & Company (NYSE:DE - Free Report) by 13.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 94,616 shares of the industrial products company's stock after selling 14,174 shares during the quarter. UniSuper Management Pty Ltd's holdings in Deere & Company were worth $44,408,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Activest Wealth Management raised its stake in Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company's stock worth $27,000 after buying an additional 55 shares during the period. Hughes Financial Services LLC bought a new stake in shares of Deere & Company during the first quarter valued at approximately $29,000. Cornerstone Planning Group LLC increased its holdings in shares of Deere & Company by 116.1% during the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 36 shares in the last quarter. Orion Capital Management LLC bought a new stake in shares of Deere & Company during the fourth quarter valued at approximately $34,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of Deere & Company during the fourth quarter valued at approximately $39,000. 68.58% of the stock is currently owned by institutional investors.
Deere & Company Stock Performance
NYSE:DE traded down $4.06 during trading on Wednesday, reaching $471.54. The company's stock had a trading volume of 1,347,421 shares, compared to its average volume of 1,358,746. The firm has a market cap of $127.47 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 3.09 and a beta of 1.00. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. The firm has a 50 day moving average of $500.10 and a 200-day moving average of $490.54. Deere & Company has a 12 month low of $378.66 and a 12 month high of $533.78.
Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.62 by $0.13. The firm had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The business's revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.29 EPS. Research analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.
Deere & Company Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company's dividend payout ratio (DPR) is currently 33.87%.
Analyst Upgrades and Downgrades
DE has been the subject of several recent research reports. Oppenheimer boosted their price objective on Deere & Company from $560.00 to $566.00 and gave the company an "outperform" rating in a report on Friday, August 15th. JPMorgan Chase & Co. decreased their price objective on Deere & Company from $500.00 to $495.00 and set a "neutral" rating for the company in a report on Tuesday, September 2nd. Melius Research raised Deere & Company from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 6th. Bank of America increased their price objective on Deere & Company from $495.00 to $556.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Melius raised Deere & Company from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $520.87.
Get Our Latest Stock Report on Deere & Company
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.
