Summit Wealth Group LLC Co. Takes Position in Deere & Company $DE

Summit Wealth Group LLC Co. bought a new stake in Deere & Company (NYSE:DE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 942 shares of the industrial products company’s stock, valued at approximately $439,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Advocates LLC purchased a new stake in shares of Deere & Company in the third quarter valued at about $25,000. Key Capital Management INC purchased a new stake in shares of Deere & Company in the fourth quarter valued at about $27,000. McIlrath & Eck LLC purchased a new stake in shares of Deere & Company in the fourth quarter valued at about $30,000. Activest Wealth Management boosted its holdings in shares of Deere & Company by 69.2% in the third quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 27 shares in the last quarter. Finally, Wealth Watch Advisors INC purchased a new stake in shares of Deere & Company in the third quarter valued at about $32,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

More Deere & Company News

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

• Positive Sentiment: Analysts and market watchers continue to highlight Deere as one of the farm equipment names that could benefit from improving demand and increased investment in agricultural technology. 4 Farm Equipment Stocks Worth Watching Despite Industry Challenges
• Positive Sentiment: Deere is also being cited as a potential winner from stronger sentiment around U.S.-China trade headlines, with some traders viewing a Trump-Xi summit as a possible catalyst for agriculture-related stocks. Nvidia Chips, Boeing Jets: Stock Traders Eye Trump in China
• Neutral Sentiment: Deere is drawing renewed investor attention on stock screeners and search activity, which suggests the name remains on traders’ radar but does not point to a clear fundamental change. Deere & Company (DE) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Deere also got publicity for launching a John Deere-branded grooming line with Every Man Jack at Walmart, a brand-extension story that could support consumer awareness but is unlikely to materially affect near-term earnings. John Deere Tests Brand Reach With Every Man Jack Walmart Grooming Line
• Negative Sentiment: A Zacks note highlighted that Deere shares fell in the latest session even as the broader market rose, suggesting investors may be taking profits or rotating out of the stock despite the constructive longer-term setup. Deere (DE) Stock Falls Amid Market Uptick: What Investors Need to Know

Deere & Company Stock Down 1.3%

DE stock opened at $581.25 on Thursday. The company has a market cap of $157.00 billion, a P/E ratio of 32.77, a P/E/G ratio of 2.06 and a beta of 0.96. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The company’s 50-day moving average price is $582.87 and its 200 day moving average price is $536.13. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.52. The company had revenue of $9.61 billion during the quarter, compared to analysts’ expectations of $7.50 billion. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.19 earnings per share. On average, research analysts expect that Deere & Company will post 18.01 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st were given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, March 31st. Deere & Company’s payout ratio is currently 36.53%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DE. Truist Financial lifted their target price on shares of Deere & Company from $612.00 to $793.00 and gave the company a “buy” rating in a report on Friday, February 20th. Wells Fargo & Company boosted their price objective on shares of Deere & Company from $543.00 to $750.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Wolfe Research boosted their price objective on shares of Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Finally, Argus boosted their price objective on shares of Deere & Company from $540.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Sixteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $655.45.

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.